Parker-Hannifin Corporation $PH Shares Purchased by HB Wealth Management LLC

HB Wealth Management LLC grew its position in Parker-Hannifin Corporation (NYSE:PH) by 8.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 9,577 shares of the industrial products company’s stock after buying an additional 779 shares during the period. HB Wealth Management LLC’s holdings in Parker-Hannifin were worth $8,574,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. BIP Wealth LLC boosted its position in shares of Parker-Hannifin by 15.1% during the first quarter. BIP Wealth LLC now owns 624 shares of the industrial products company’s stock worth $558,000 after buying an additional 82 shares during the period. Turtle Creek Wealth Advisors LLC grew its holdings in Parker-Hannifin by 8.8% in the 1st quarter. Turtle Creek Wealth Advisors LLC now owns 13,357 shares of the industrial products company’s stock worth $11,958,000 after buying an additional 1,075 shares in the last quarter. Private Advisor Group LLC increased its position in Parker-Hannifin by 20.8% in the 1st quarter. Private Advisor Group LLC now owns 7,456 shares of the industrial products company’s stock valued at $6,675,000 after acquiring an additional 1,286 shares during the period. Optas LLC increased its position in Parker-Hannifin by 3.1% in the 1st quarter. Optas LLC now owns 370 shares of the industrial products company’s stock valued at $331,000 after acquiring an additional 11 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in Parker-Hannifin during the 1st quarter valued at $6,918,000. Institutional investors and hedge funds own 82.44% of the company’s stock.

Parker-Hannifin Stock Performance

Shares of NYSE PH opened at $963.45 on Friday. The stock has a fifty day moving average price of $907.42 and a two-hundred day moving average price of $927.76. 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 firm has a market cap of $121.48 billion, a P/E ratio of 35.54, a PEG ratio of 2.57 and a beta of 1.11. Parker-Hannifin Corporation has a 1 year low of $692.02 and a 1 year high of $1,034.96.

Parker-Hannifin (NYSE:PH) last issued its quarterly 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 analysts’ expectations of $5.40 billion. During the same period last year, the firm earned $6.94 EPS. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. Research analysts forecast that Parker-Hannifin Corporation will post 31.26 EPS for the current fiscal year.

Parker-Hannifin Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 8th were issued a dividend of $2.00 per share. The ex-dividend date of this dividend was Friday, May 8th. This is an increase from Parker-Hannifin’s previous quarterly dividend of $1.80. This represents a $8.00 dividend on an annualized basis and a yield of 0.8%. Parker-Hannifin’s dividend payout ratio is presently 29.51%.

Analyst Upgrades and Downgrades

PH has been the subject of a number of analyst reports. Sanford C. Bernstein began coverage on Parker-Hannifin in a research report on Tuesday, June 9th. They set an “outperform” rating and a $1,026.00 price target for the company. Weiss Ratings restated a “buy (b)” rating on shares of Parker-Hannifin in a research note on Tuesday, April 21st. Truist Financial upped their price objective on shares of Parker-Hannifin from $1,147.00 to $1,269.00 and gave the stock a “buy” rating in a report on Thursday. JPMorgan Chase & Co. decreased their target price 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. Finally, Citigroup reissued a “buy” rating on shares of Parker-Hannifin in a research note on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,026.86.

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.