Marks Group Wealth Management Inc Sells 1,792 Shares of Parker-Hannifin Corporation $PH

Marks Group Wealth Management Inc lowered its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 13.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,417 shares of the industrial products company’s stock after selling 1,792 shares during the quarter. Parker-Hannifin makes up approximately 1.0% of Marks Group Wealth Management Inc’s portfolio, making the stock its 18th largest holding. Marks Group Wealth Management Inc’s holdings in Parker-Hannifin were worth $10,035,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Texas Capital Bancshares Inc TX purchased a new stake in Parker-Hannifin during the third quarter valued at about $25,000. HFM Investment Advisors LLC lifted its holdings 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 valued at $29,000 after purchasing an additional 30 shares during the last quarter. Lloyd Advisory Services LLC. purchased a new stake in Parker-Hannifin during the fourth quarter valued at about $31,000. Ameriflex Group Inc. lifted its holdings in Parker-Hannifin by 366.7% during the third quarter. Ameriflex Group Inc. now owns 42 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 33 shares during the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC lifted its holdings in Parker-Hannifin by 80.0% during the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 16 shares during the last quarter. 82.44% of the stock is owned by hedge funds and other institutional investors.

Parker-Hannifin Stock Performance

NYSE:PH opened at $881.80 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.66. The business has a 50 day moving average of $906.99 and a 200 day moving average of $916.99. The company has a market capitalization of $111.19 billion, a price-to-earnings ratio of 32.53, a PEG ratio of 2.57 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.

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

Parker-Hannifin Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 8th were paid a $2.00 dividend. This is an increase from Parker-Hannifin’s previous quarterly dividend of $1.80. The ex-dividend date of this dividend was Friday, May 8th. This represents a $8.00 dividend on an annualized basis and a yield of 0.9%. Parker-Hannifin’s payout ratio is presently 29.51%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PH. Mizuho set a $1,050.00 price target on Parker-Hannifin in a research report on Friday, May 1st. JPMorgan Chase & Co. cut their price objective on Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. Stifel Nicolaus boosted their price objective on Parker-Hannifin from $965.00 to $1,000.00 and gave the stock a “hold” rating in a report on Friday, April 10th. Evercore set a $1,064.00 target price on Parker-Hannifin in a research report on Monday, May 11th. Finally, Truist Financial set a $1,147.00 target price on Parker-Hannifin in a research report on Friday, May 1st. Seventeen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Parker-Hannifin currently has an average rating of “Moderate Buy” and an average price target of $1,020.80.

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.