Parker-Hannifin Corporation $PH Position Lifted by HB Wealth Management LLC

HB Wealth Management LLC raised its stake in Parker-Hannifin Corporation (NYSE:PH) by 8.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 9,577 shares of the industrial products company’s stock after purchasing an additional 779 shares during the period. HB Wealth Management LLC’s holdings in Parker-Hannifin were worth $8,574,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. HFM Investment Advisors LLC grew its stake in Parker-Hannifin by 1,000.0% in the fourth quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 30 shares in the last quarter. Texas Capital Bancshares Inc TX acquired a new stake in Parker-Hannifin during the third quarter valued at approximately $25,000. Lloyd Advisory Services LLC. acquired a new stake in Parker-Hannifin during the fourth quarter valued at approximately $31,000. Mowery & Schoenfeld Wealth Management LLC lifted its holdings in Parker-Hannifin by 80.0% during the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company’s stock worth $32,000 after buying an additional 16 shares during the last quarter. Finally, First Command Advisory Services Inc. lifted its holdings in Parker-Hannifin by 1,133.3% during the 4th quarter. First Command Advisory Services Inc. now owns 37 shares of the industrial products company’s stock worth $33,000 after buying an additional 34 shares during the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Analyst Ratings Changes

PH has been the subject of a number of research analyst reports. BMO Capital Markets initiated coverage on Parker-Hannifin in a report on Friday, March 27th. They issued an “outperform” rating and a $1,090.00 price target for the company. Truist Financial raised their price objective on Parker-Hannifin from $1,147.00 to $1,269.00 and gave the stock a “buy” rating in a research note on Thursday. Citigroup reaffirmed a “buy” rating on shares of Parker-Hannifin in a report on Monday, June 8th. Evercore set a $1,064.00 target price on shares of Parker-Hannifin in a research note on Monday, May 11th. Finally, Mizuho set a $1,050.00 target price on shares of Parker-Hannifin in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Parker-Hannifin currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,026.86.

Parker-Hannifin Stock Up 0.1%

NYSE:PH opened at $963.45 on Friday. The firm has a market capitalization of $121.48 billion, a PE ratio of 35.54, a price-to-earnings-growth ratio of 2.57 and a beta of 1.11. The stock has a 50 day moving average of $907.42 and a 200-day moving average of $927.76. Parker-Hannifin Corporation has a 52 week low of $692.02 and a 52 week high of $1,034.96. The company has a current ratio of 1.13, a quick ratio of 0.66 and a debt-to-equity ratio of 0.46.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share for the quarter, topping analysts’ consensus estimates of $7.84 by $0.33. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The business had revenue of $5.49 billion for the quarter, compared to analysts’ expectations of $5.40 billion. During the same period in the prior year, the firm earned $6.94 EPS. The business’s quarterly 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. Analysts predict that Parker-Hannifin Corporation will post 31.26 EPS for the current year.

Parker-Hannifin Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 8th were given a $2.00 dividend. This is a boost from Parker-Hannifin’s previous quarterly dividend of $1.80. This represents a $8.00 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, May 8th. Parker-Hannifin’s dividend payout ratio is 29.51%.

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.