Evexia Wealth LLC Has $13.41 Million Stake in Parker-Hannifin Corporation $PH

Evexia Wealth LLC trimmed its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 13.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,549 shares of the industrial products company’s stock after selling 2,101 shares during the quarter. Parker-Hannifin comprises 3.8% of Evexia Wealth LLC’s portfolio, making the stock its 10th largest position. Evexia Wealth LLC’s holdings in Parker-Hannifin were worth $13,407,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. JFS Wealth Advisors LLC increased its position in Parker-Hannifin by 6.8% in the fourth quarter. JFS Wealth Advisors LLC now owns 173 shares of the industrial products company’s stock worth $152,000 after buying an additional 11 shares during the period. Avion Wealth lifted its stake in Parker-Hannifin by 35.5% in the fourth quarter. Avion Wealth now owns 42 shares of the industrial products company’s stock valued at $36,000 after buying an additional 11 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its holdings in shares of Parker-Hannifin by 1.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 614 shares of the industrial products company’s stock valued at $540,000 after acquiring an additional 11 shares during the period. Inspire Advisors LLC boosted its holdings in shares of Parker-Hannifin by 1.2% during the fourth quarter. Inspire Advisors LLC now owns 917 shares of the industrial products company’s stock valued at $807,000 after acquiring an additional 11 shares during the period. Finally, 180 Wealth Advisors LLC grew its position in shares of Parker-Hannifin by 1.9% during the fourth quarter. 180 Wealth Advisors LLC now owns 652 shares of the industrial products company’s stock worth $573,000 after acquiring an additional 12 shares during the last quarter. Institutional investors own 82.44% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on PH shares. Mizuho set a $1,050.00 price objective on shares of Parker-Hannifin in a report on Friday, May 1st. BMO Capital Markets started coverage on shares of Parker-Hannifin in a research note on Friday, March 27th. They set an “outperform” rating and a $1,090.00 target price for the company. Weiss Ratings restated a “buy (b)” rating on shares of Parker-Hannifin in a research report on Tuesday, April 21st. Evercore set a $1,064.00 price target on shares of Parker-Hannifin in a research note on Monday, May 11th. Finally, Truist Financial set a $1,147.00 price target on Parker-Hannifin in a report on Friday, May 1st. One equities research 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,021.05.

Parker-Hannifin Trading Up 0.1%

NYSE:PH opened at $954.25 on Monday. The stock has a market cap of $120.32 billion, a price-to-earnings ratio of 35.20, a PEG ratio of 2.77 and a beta of 1.14. 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 Corporation has a 1 year low of $646.51 and a 1 year high of $1,034.96. The business has a fifty day moving average of $909.58 and a 200-day moving average of $921.81.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $8.17 earnings per share for the quarter, beating analysts’ consensus estimates of $7.84 by $0.33. The business had revenue of $5.49 billion for 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 was up 10.6% on a year-over-year basis. During the same period in the previous year, the business 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 earnings per share 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 paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend 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 29.51%.

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.