Focus Partners Wealth Acquires 207,495 Shares of Parker-Hannifin Corporation $PH

Focus Partners Wealth lifted its holdings in Parker-Hannifin Corporation (NYSE:PH) by 1,535.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 221,010 shares of the industrial products company’s stock after acquiring an additional 207,495 shares during the period. Focus Partners Wealth owned 0.18% of Parker-Hannifin worth $194,106,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. JFS Wealth Advisors LLC boosted its stake in shares of Parker-Hannifin by 6.8% in the fourth quarter. JFS Wealth Advisors LLC now owns 173 shares of the industrial products company’s stock worth $152,000 after acquiring an additional 11 shares during the period. Avion Wealth boosted its stake in shares of Parker-Hannifin by 35.5% in 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 during the period. Moneta Group Investment Advisors LLC boosted its stake 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. Inspire Advisors LLC boosted its stake 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. Finally, 180 Wealth Advisors LLC boosted its stake in Parker-Hannifin by 1.9% during the fourth quarter. 180 Wealth Advisors LLC now owns 652 shares of the industrial products company’s stock valued at $573,000 after buying an additional 12 shares during the last quarter. Institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Trading Down 0.1%

Shares of PH stock opened at $901.89 on Friday. Parker-Hannifin Corporation has a 1 year low of $646.51 and a 1 year high of $1,034.96. 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 stock’s 50 day simple moving average is $907.43 and its two-hundred day simple moving average is $918.32. The company has a market cap of $113.72 billion, a PE ratio of 33.27, a price-to-earnings-growth ratio of 2.63 and a beta of 1.14.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, beating 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 business had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.40 billion. During the same period in the prior year, the business posted $6.94 earnings per share. The company’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. Research analysts predict that Parker-Hannifin Corporation will post 31.26 earnings per share for the current year.

Parker-Hannifin Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 8th were given 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 boost 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%.

Analyst Ratings Changes

A number of brokerages recently commented on PH. Wells Fargo & Company dropped their price target on Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating for the company in a research note on Tuesday, May 26th. Sanford C. Bernstein began coverage on Parker-Hannifin in a research note on Tuesday. They set an “outperform” rating and a $1,026.00 price target for the company. Wall Street Zen lowered Parker-Hannifin from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Morgan Stanley increased their price target on Parker-Hannifin from $945.00 to $1,038.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 24th. 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 assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average 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.