Goodman Advisory Group LLC Has $388,000 Stake in Parker-Hannifin Corporation $PH

Goodman Advisory Group LLC trimmed its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 59.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 441 shares of the industrial products company’s stock after selling 648 shares during the period. Goodman Advisory Group LLC’s holdings in Parker-Hannifin were worth $388,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PH. First American Trust FSB lifted its position in shares of Parker-Hannifin by 8.5% during the 4th quarter. First American Trust FSB now owns 3,158 shares of the industrial products company’s stock worth $2,776,000 after purchasing an additional 248 shares during the last quarter. Deutsche Bank AG lifted its position in shares of Parker-Hannifin by 10.5% during the 4th quarter. Deutsche Bank AG now owns 871,894 shares of the industrial products company’s stock worth $766,360,000 after purchasing an additional 82,669 shares during the last quarter. Paragon Private Wealth Management LLC lifted its position in shares of Parker-Hannifin by 4.7% during the 4th quarter. Paragon Private Wealth Management LLC now owns 421 shares of the industrial products company’s stock worth $370,000 after purchasing an additional 19 shares during the last quarter. Outlook Wealth Advisors LLC lifted its position in shares of Parker-Hannifin by 6.4% during the 4th quarter. Outlook Wealth Advisors LLC now owns 401 shares of the industrial products company’s stock worth $352,000 after purchasing an additional 24 shares during the last quarter. Finally, Portfolio Design Labs LLC lifted its position in shares of Parker-Hannifin by 2.2% during the 4th quarter. Portfolio Design Labs LLC now owns 1,773 shares of the industrial products company’s stock worth $1,558,000 after purchasing an additional 38 shares during the last quarter. 82.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on PH shares. Wells Fargo & Company cut their price objective on Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating for the company in a research report on Tuesday, May 26th. Wall Street Zen cut shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. JPMorgan Chase & Co. reduced their target price on shares of Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. Mizuho set a $1,050.00 target price on shares of Parker-Hannifin in a research note on Friday, May 1st. Finally, Stifel Nicolaus increased their target price on shares of Parker-Hannifin from $965.00 to $1,000.00 and gave the company a “hold” rating in a research note on Friday, April 10th. Eighteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,021.05.

Parker-Hannifin Stock Down 3.2%

Shares of PH opened at $876.58 on Thursday. The stock has a market cap of $110.52 billion, a price-to-earnings ratio of 32.33, a P/E/G ratio of 2.63 and a beta of 1.14. The company has a quick ratio of 0.66, a current ratio of 1.13 and a debt-to-equity ratio of 0.46. Parker-Hannifin Corporation has a 12 month low of $646.51 and a 12 month high of $1,034.96. The company has a 50-day moving average price of $907.66 and a two-hundred day moving average price of $917.99.

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

Parker-Hannifin Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 8th were paid a dividend of $2.00 per share. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $1.80. This represents a $8.00 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date 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.