Mach 1 Financial Group LLC Buys Shares of 1,536 Parker-Hannifin Corporation $PH

Mach 1 Financial Group LLC acquired a new stake in Parker-Hannifin Corporation (NYSE:PH) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,536 shares of the industrial products company’s stock, valued at approximately $1,350,000.

A number of other large investors have also made changes to their positions in the company. MJP Associates Inc. ADV increased its position in shares of Parker-Hannifin by 4.6% in the 4th quarter. MJP Associates Inc. ADV now owns 496 shares of the industrial products company’s stock valued at $436,000 after buying an additional 22 shares in the last quarter. Leonteq Securities AG bought a new stake in shares of Parker-Hannifin in the 4th quarter valued at $654,000. ABN Amro Investment Solutions increased its position in shares of Parker-Hannifin by 13.5% in the 4th quarter. ABN Amro Investment Solutions now owns 23,046 shares of the industrial products company’s stock valued at $20,257,000 after buying an additional 2,746 shares in the last quarter. Reliant Investment Partners LLC increased its position in shares of Parker-Hannifin by 4.9% in the 4th quarter. Reliant Investment Partners LLC now owns 833 shares of the industrial products company’s stock valued at $732,000 after buying an additional 39 shares in the last quarter. Finally, IFP Advisors Inc increased its position in shares of Parker-Hannifin by 12.7% in the 4th quarter. IFP Advisors Inc now owns 7,575 shares of the industrial products company’s stock valued at $6,658,000 after buying an additional 854 shares in the last quarter. Institutional investors own 82.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on PH shares. Wall Street Zen upgraded shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a research report on Wednesday, February 4th. Wells Fargo & Company lowered their price objective on shares of Parker-Hannifin from $1,050.00 to $980.00 and set an “overweight” rating for the company in a research report on Wednesday, April 1st. JPMorgan Chase & Co. lowered their price objective on shares of Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating for the company in a research report on Thursday, May 7th. Stifel Nicolaus increased their target price on Parker-Hannifin from $965.00 to $1,000.00 and gave the stock a “hold” rating in a report on Friday, April 10th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Parker-Hannifin in a report on Thursday, January 29th. Seventeen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Parker-Hannifin presently has an average rating of “Moderate Buy” and a consensus price target of $1,022.30.

Parker-Hannifin Price Performance

PH stock opened at $858.24 on Thursday. The stock has a 50-day moving average price of $920.05 and a two-hundred day moving average price of $913.20. The stock has a market cap of $108.33 billion, a PE ratio of 31.66, a price-to-earnings-growth ratio of 2.48 and a beta of 1.18. 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 Corporation has a 1 year low of $637.21 and a 1 year high of $1,034.96.

Parker-Hannifin (NYSE:PH) last released its earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share (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 return on equity of 27.97% and a net margin of 16.58%.The company’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.94 EPS. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. Equities analysts forecast that Parker-Hannifin Corporation will post 31.26 EPS for the current fiscal year.

Parker-Hannifin Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 8th will be issued a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is 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.