Resources Management Corp CT ADV Reduces Stock Position in Parker-Hannifin Corporation $PH

Resources Management Corp CT ADV cut its stake in Parker-Hannifin Corporation (NYSE:PH) by 63.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 400 shares of the industrial products company’s stock after selling 700 shares during the period. Resources Management Corp CT ADV’s holdings in Parker-Hannifin were worth $352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. HFM Investment Advisors LLC grew its position in shares of Parker-Hannifin by 1,000.0% in 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 in the last quarter. Texas Capital Bancshares Inc TX purchased a new stake in shares of Parker-Hannifin in the third quarter valued at approximately $25,000. Lloyd Advisory Services LLC. purchased a new stake in shares of Parker-Hannifin in the fourth quarter valued at approximately $31,000. Mowery & Schoenfeld Wealth Management LLC grew its position in shares of Parker-Hannifin by 80.0% in 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 in the last quarter. Finally, First Command Advisory Services Inc. grew its position in shares of Parker-Hannifin by 1,133.3% in the fourth quarter. First Command Advisory Services Inc. now owns 37 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 34 shares in the last quarter. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Parker-Hannifin Stock Up 1.7%

NYSE:PH opened at $919.22 on Tuesday. The company has a quick ratio of 0.66, a current ratio of 1.13 and a debt-to-equity ratio of 0.46. The stock’s fifty day moving average is $907.65 and its two-hundred day moving average is $919.33. Parker-Hannifin Corporation has a 52 week low of $646.51 and a 52 week high of $1,034.96. The stock has a market capitalization 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 released 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. 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 analysts’ expectations of $5.40 billion. During the same period in the prior year, the firm earned $6.94 earnings per share. The firm’s 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. Research analysts anticipate 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. Shareholders of record on Friday, May 8th were paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 0.9%. 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 payout ratio is currently 29.51%.

Wall Street Analyst Weigh In

PH has been the subject of several analyst reports. JPMorgan Chase & Co. lowered their price objective on 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. Morgan Stanley increased their price objective 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. Sanford C. Bernstein initiated coverage on Parker-Hannifin in a research report on Tuesday, June 9th. They issued an “outperform” rating and a $1,026.00 price objective for the company. BMO Capital Markets initiated coverage on Parker-Hannifin in a research report on Friday, March 27th. They issued an “outperform” rating and a $1,090.00 price objective for the company. Finally, Truist Financial set a $1,147.00 price objective on Parker-Hannifin in a research report on Friday, May 1st. One 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,021.05.

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.