BXM Wealth LLC Sells 62,335 Shares of Parker-Hannifin Corporation $PH

BXM Wealth LLC lowered its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 99.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 468 shares of the industrial products company’s stock after selling 62,335 shares during the period. BXM Wealth LLC’s holdings in Parker-Hannifin were worth $419,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of PH. Norges Bank purchased a new stake in shares of Parker-Hannifin in the fourth quarter worth $1,756,230,000. Eurizon Capital SGR S.p.A. purchased a new stake in Parker-Hannifin in the 4th quarter worth $185,532,000. Focus Partners Wealth lifted its position in shares of Parker-Hannifin by 1,535.3% in the fourth quarter. Focus Partners Wealth now owns 221,010 shares of the industrial products company’s stock valued at $194,106,000 after acquiring an additional 207,495 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Parker-Hannifin by 119.3% in the first quarter. Assenagon Asset Management S.A. now owns 340,727 shares of the industrial products company’s stock worth $305,032,000 after acquiring an additional 185,367 shares during the period. Finally, Capital World Investors raised its stake in Parker-Hannifin by 7.0% during the 3rd quarter. Capital World Investors now owns 2,584,141 shares of the industrial products company’s stock valued at $1,959,166,000 after purchasing an additional 169,073 shares during the period. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Stock Performance

NYSE:PH opened at $963.90 on Tuesday. The firm has a market capitalization of $121.54 billion, a PE ratio of 35.55, a PEG ratio of 2.82 and a beta of 1.14. The stock’s fifty day moving average is $908.27 and its 200 day moving average is $925.85. Parker-Hannifin Corporation has a fifty-two week low of $691.47 and a fifty-two week high of $1,034.96. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 1.13.

Parker-Hannifin (NYSE:PH) last released its earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.84 by $0.33. Parker-Hannifin had a net margin of 16.58% and a return on equity of 27.97%. The firm had revenue of $5.49 billion during the quarter, compared to analyst estimates of $5.40 billion. During the same quarter last year, the business earned $6.94 EPS. The business’s revenue was up 10.6% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. On average, sell-side analysts anticipate that Parker-Hannifin Corporation will post 31.26 earnings per share for the current year.

Parker-Hannifin Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 8th were issued a $2.00 dividend. The ex-dividend date was Friday, May 8th. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $1.80. This represents a $8.00 annualized dividend and a dividend yield of 0.8%. Parker-Hannifin’s dividend payout ratio (DPR) is currently 29.51%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PH shares. Wells Fargo & Company cut their price objective on shares of Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating for the company in a report on Tuesday, May 26th. Citigroup reiterated a “buy” rating on shares of Parker-Hannifin in a research note on Monday, June 8th. JPMorgan Chase & Co. reduced their target price on Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating on the stock in a report on Thursday, May 7th. Sanford C. Bernstein started coverage on Parker-Hannifin in a research note on Tuesday, June 9th. They set an “outperform” rating and a $1,026.00 price target for the company. Finally, Evercore set a $1,064.00 price objective on Parker-Hannifin in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,021.05.

About Parker-Hannifin

Parker-Hannifin Corporation (NYSE: PH) is a global manufacturer and provider of motion and control technologies and systems. The company designs, manufactures and services a broad range of engineered components and systems used to control the movement and flow of liquids, gases and hydraulic power. Its product portfolio is applied across demanding environments and includes solutions for industrial manufacturing, aerospace, mobile equipment and other engineered applications.

Parker-Hannifin’s product and service offerings span hydraulic and pneumatic components, fittings and fluid connectors, valves, pumps and motors, electromechanical actuators and motion-control systems, filtration and separation products, and seals and sealing systems.