MML Investors Services LLC Acquires 7,463 Shares of Parker-Hannifin Corporation $PH

MML Investors Services LLC boosted its position in Parker-Hannifin Corporation (NYSE:PH) by 13.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 61,704 shares of the industrial products company’s stock after purchasing an additional 7,463 shares during the period. MML Investors Services LLC’s holdings in Parker-Hannifin were worth $54,236,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mill Creek Capital Advisors LLC bought a new position in Parker-Hannifin in the fourth quarter worth $204,000. Evernest Financial Advisors LLC raised its holdings in Parker-Hannifin by 6.8% in the fourth quarter. Evernest Financial Advisors LLC now owns 624 shares of the industrial products company’s stock worth $548,000 after purchasing an additional 40 shares in the last quarter. Focus Partners Wealth raised its holdings in Parker-Hannifin by 1,535.3% in the fourth quarter. Focus Partners Wealth now owns 221,010 shares of the industrial products company’s stock worth $194,106,000 after purchasing an additional 207,495 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Parker-Hannifin by 129.3% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 84,988 shares of the industrial products company’s stock worth $74,701,000 after purchasing an additional 47,930 shares in the last quarter. Finally, Landscape Capital Management L.L.C. bought a new position in Parker-Hannifin in the fourth quarter worth $2,799,000. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Price Performance

Shares of Parker-Hannifin stock opened at $919.22 on Tuesday. The stock has a 50 day moving average price of $907.65 and a 200-day moving average price of $919.33. Parker-Hannifin Corporation has a one year low of $646.51 and a one year high of $1,034.96. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 1.13. The stock has a market cap of $115.90 billion, a price-to-earnings ratio of 33.91, a price-to-earnings-growth ratio of 2.63 and a beta of 1.14.

Parker-Hannifin (NYSE:PH) last announced its earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.84 by $0.33. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The company had revenue of $5.49 billion for the quarter, compared to analyst estimates of $5.40 billion. During the same period in the prior year, the company posted $6.94 EPS. The firm’s quarterly 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 analysts expect that Parker-Hannifin Corporation will post 31.26 EPS for the current 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 given a dividend of $2.00 per share. This is an increase from Parker-Hannifin’s previous quarterly dividend of $1.80. This represents a $8.00 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Friday, May 8th. Parker-Hannifin’s dividend payout ratio (DPR) is 29.51%.

Analyst Ratings Changes

A number of brokerages have recently commented on PH. Morgan Stanley boosted their price target on Parker-Hannifin from $945.00 to $1,038.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 24th. Evercore set a $1,064.00 target price on Parker-Hannifin in a research note on Monday, May 11th. Wall Street Zen cut Parker-Hannifin from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Mizuho set a $1,050.00 target price on Parker-Hannifin in a research note on Friday, May 1st. Finally, Sanford C. Bernstein assumed coverage on Parker-Hannifin in a research note on Tuesday, June 9th. They issued an “outperform” rating and a $1,026.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.05.

Parker-Hannifin 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.