Tobam Invests $554,000 in Parker-Hannifin Corporation $PH

Tobam bought a new stake in shares of Parker-Hannifin Corporation (NYSE:PH) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 630 shares of the industrial products company’s stock, valued at approximately $554,000.

A number of other hedge funds also recently modified their holdings of PH. HFM Investment Advisors LLC grew its stake in Parker-Hannifin by 1,000.0% during the fourth quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company’s stock worth $29,000 after buying an additional 30 shares in the last quarter. Texas Capital Bancshares Inc TX bought a new position in Parker-Hannifin in the 3rd quarter valued at about $25,000. Lloyd Advisory Services LLC. acquired a new position in shares of Parker-Hannifin in the 4th quarter valued at approximately $31,000. Mowery & Schoenfeld Wealth Management LLC raised its position in shares of Parker-Hannifin by 80.0% in 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 in the last quarter. Finally, First Command Advisory Services Inc. lifted its holdings 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 worth $33,000 after acquiring an additional 34 shares during the period. Institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Trading Up 0.1%

Shares of Parker-Hannifin stock opened at $954.25 on Friday. The firm’s 50 day moving average is $909.58 and its 200 day moving average is $921.35. The firm has a market capitalization of $120.32 billion, a PE ratio of 35.20, a price-to-earnings-growth ratio of 2.77 and a beta of 1.14. Parker-Hannifin Corporation has a 1 year low of $646.51 and a 1 year 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 issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $8.17 EPS for the quarter, beating 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 business had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.40 billion. During the same quarter in the prior year, the firm earned $6.94 EPS. The firm’s revenue was up 10.6% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. Equities research analysts forecast that Parker-Hannifin Corporation will post 31.26 earnings per share for the current fiscal year.

Parker-Hannifin Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PH. Evercore set a $1,064.00 price objective on shares of Parker-Hannifin in a research note on Monday, May 11th. Stifel Nicolaus upped their target price on Parker-Hannifin from $965.00 to $1,000.00 and gave the stock a “hold” rating in a research note on Friday, April 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Parker-Hannifin in a report on Tuesday, April 21st. Citigroup reaffirmed a “buy” rating on shares of Parker-Hannifin in a report on Monday, June 8th. Finally, Sanford C. Bernstein started coverage on Parker-Hannifin in a report on Tuesday, June 9th. They set an “outperform” rating and a $1,026.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Parker-Hannifin has an average rating of “Moderate Buy” and a consensus target price 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.