Marks Group Wealth Management Inc Trims Stock Holdings in Parker-Hannifin Corporation $PH

Marks Group Wealth Management Inc lowered its holdings in Parker-Hannifin Corporation (NYSE:PH) by 27.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 8,291 shares of the industrial products company’s stock after selling 3,126 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Parker-Hannifin were worth $7,422,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. JFS Wealth Advisors LLC grew its stake in Parker-Hannifin by 6.8% in the 4th quarter. JFS Wealth Advisors LLC now owns 173 shares of the industrial products company’s stock valued at $152,000 after buying an additional 11 shares in the last quarter. Avion Wealth lifted its position in shares of Parker-Hannifin by 35.5% during the fourth quarter. Avion Wealth now owns 42 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 11 shares in the last quarter. Optas LLC lifted its position in shares of Parker-Hannifin by 3.1% during the first quarter. Optas LLC now owns 370 shares of the industrial products company’s stock worth $331,000 after acquiring an additional 11 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its holdings in shares of Parker-Hannifin by 1.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 614 shares of the industrial products company’s stock worth $540,000 after acquiring an additional 11 shares during the period. Finally, Inspire Advisors LLC boosted its holdings in shares of Parker-Hannifin by 1.2% in the fourth quarter. Inspire Advisors LLC now owns 917 shares of the industrial products company’s stock worth $807,000 after acquiring an additional 11 shares during the period. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wells Fargo & Company decreased their price objective on Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 26th. Evercore set a $1,064.00 target price on Parker-Hannifin in a research note on Monday, May 11th. Citigroup reiterated a “buy” rating on shares of Parker-Hannifin in a research report on Monday, June 8th. Sanford C. Bernstein started coverage on shares of Parker-Hannifin in a report on Tuesday, June 9th. They issued an “outperform” rating and a $1,026.00 price target on the stock. Finally, JPMorgan Chase & Co. cut 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. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Parker-Hannifin has a consensus rating of “Moderate Buy” and a consensus price target of $1,026.86.

Parker-Hannifin Trading Down 1.4%

Shares of PH stock opened at $951.07 on Thursday. The company has a market capitalization of $119.92 billion, a PE ratio of 35.08, a price-to-earnings-growth ratio of 2.58 and a beta of 1.11. Parker-Hannifin Corporation has a 52-week low of $692.02 and a 52-week high of $1,034.96. The business’s fifty day moving average is $909.91 and its 200 day moving average is $932.42. 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 (NYSE:PH) last posted its earnings results 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. The business 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 firm’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. On average, equities research analysts anticipate 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 was paid on Friday, June 5th. Investors of record on Friday, May 8th were given a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 0.8%. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $1.80. The ex-dividend date was Friday, May 8th. Parker-Hannifin’s dividend payout ratio (DPR) is currently 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.