Tempo Wealth LLC Takes $78.96 Million Position in Parker-Hannifin Corporation $PH

Tempo Wealth LLC acquired a new stake in shares of Parker-Hannifin Corporation (NYSE:PH) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 89,838 shares of the industrial products company’s stock, valued at approximately $78,964,000. Parker-Hannifin comprises about 14.1% of Tempo Wealth LLC’s holdings, making the stock its largest holding.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Texas Capital Bancshares Inc TX acquired a new stake in shares of Parker-Hannifin during the 3rd quarter worth approximately $25,000. HFM Investment Advisors LLC boosted its position in Parker-Hannifin by 1,000.0% during the 4th 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 period. Lloyd Advisory Services LLC. bought a new position in Parker-Hannifin during the 4th quarter worth $31,000. Mowery & Schoenfeld Wealth Management LLC increased its position in 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 worth $32,000 after buying an additional 16 shares during the period. Finally, First Command Advisory Services Inc. increased its position in 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 worth $33,000 after buying an additional 34 shares during the period. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Wells Fargo & Company cut their target price on Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 26th. JPMorgan Chase & Co. decreased their price target on shares of Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. Stifel Nicolaus upped their price objective on shares of Parker-Hannifin from $965.00 to $1,000.00 and gave the company a “hold” rating in a research note on Friday, April 10th. Wall Street Zen cut Parker-Hannifin from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Finally, Truist Financial set a $1,147.00 target price on Parker-Hannifin in a research note on Friday, May 1st. One equities research 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 company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.05.

Parker-Hannifin Price Performance

NYSE PH opened at $954.25 on Friday. 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 has a market capitalization of $120.32 billion, a PE ratio of 35.20, a price-to-earnings-growth ratio of 2.75 and a beta of 1.14. Parker-Hannifin Corporation has a 12-month low of $646.51 and a 12-month high of $1,034.96. The company has a 50 day moving average price of $909.82 and a two-hundred day moving average price of $921.12.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share for the quarter, beating analysts’ consensus estimates of $7.84 by $0.33. Parker-Hannifin had a net margin of 16.58% and a return on equity of 27.97%. The business had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.40 billion. During the same quarter last year, the firm earned $6.94 EPS. Parker-Hannifin’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. As a group, equities 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 announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 8th were issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 0.8%. This is an increase from Parker-Hannifin’s previous quarterly dividend of $1.80. The ex-dividend date was Friday, May 8th. Parker-Hannifin’s dividend payout ratio is 29.51%.

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.