Cynosure Group LLC Makes New $523,000 Investment in Parker-Hannifin Corporation $PH

Cynosure Group LLC purchased a new position in shares of Parker-Hannifin Corporation (NYSE:PH) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 595 shares of the industrial products company’s stock, valued at approximately $523,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HFM Investment Advisors LLC lifted its position in Parker-Hannifin by 1,000.0% during the 4th quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 30 shares during the period. Texas Capital Bancshares Inc TX acquired a new stake in Parker-Hannifin during the 3rd quarter worth about $25,000. Lloyd Advisory Services LLC. acquired a new stake in Parker-Hannifin during the 4th quarter worth about $31,000. Mowery & Schoenfeld Wealth Management LLC raised its stake in shares of 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 valued at $32,000 after buying an additional 16 shares during the last quarter. Finally, First Command Advisory Services Inc. raised its stake in shares of 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 valued at $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.

Parker-Hannifin Price Performance

NYSE:PH opened at $937.82 on Wednesday. Parker-Hannifin Corporation has a 12 month low of $646.51 and a 12 month high of $1,034.96. The stock has a 50 day moving average of $908.24 and a two-hundred day moving average of $919.87. The company has a current ratio of 1.13, a quick ratio of 0.66 and a debt-to-equity ratio of 0.46. The firm has a market cap of $118.25 billion, a P/E ratio of 34.59, a price-to-earnings-growth ratio of 2.67 and a beta of 1.14.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $8.17 EPS for the quarter, topping the consensus estimate of $7.84 by $0.33. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The company had revenue of $5.49 billion during the quarter, compared to analyst estimates of $5.40 billion. During the same period in the previous year, the business earned $6.94 EPS. Parker-Hannifin’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. On average, analysts expect that Parker-Hannifin Corporation will post 31.26 earnings per share for the current fiscal year.

Parker-Hannifin Increases Dividend

The company also recently disclosed 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 an increase from Parker-Hannifin’s previous quarterly dividend of $1.80. The ex-dividend date was Friday, May 8th. This represents a $8.00 annualized dividend and a yield of 0.9%. Parker-Hannifin’s dividend payout ratio (DPR) is presently 29.51%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on PH shares. Truist Financial set a $1,147.00 price objective on Parker-Hannifin in a research note on Friday, May 1st. BMO Capital Markets started coverage on Parker-Hannifin in a research note on Friday, March 27th. They set an “outperform” rating and a $1,090.00 price objective for the company. JPMorgan Chase & Co. reduced their price objective on 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. Morgan Stanley lifted their price objective on Parker-Hannifin from $945.00 to $1,038.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 24th. Finally, 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 objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,021.05.

Parker-Hannifin Company Profile

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.