QRG Capital Management Inc. Raises Stock Holdings in Parker-Hannifin Corporation $PH

QRG Capital Management Inc. boosted its position in Parker-Hannifin Corporation (NYSE:PH) by 19.1% in the first quarter, Holdings Channel.com reports. The firm owned 11,748 shares of the industrial products company’s stock after buying an additional 1,882 shares during the quarter. QRG Capital Management Inc.’s holdings in Parker-Hannifin were worth $10,518,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PH. Texas Capital Bancshares Inc TX bought a new position in shares of Parker-Hannifin in the 3rd quarter worth about $25,000. HFM Investment Advisors LLC boosted its stake in Parker-Hannifin by 1,000.0% during the fourth quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 30 shares in the last quarter. Lloyd Advisory Services LLC. bought a new stake in Parker-Hannifin during the fourth quarter worth about $31,000. Ameriflex Group Inc. grew its holdings in Parker-Hannifin by 366.7% in the third quarter. Ameriflex Group Inc. now owns 42 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 33 shares during the period. Finally, Mowery & Schoenfeld Wealth Management LLC increased its stake in shares of Parker-Hannifin by 80.0% during 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. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Analyst Upgrades and Downgrades

PH has been the topic of a number of analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a research report on Tuesday, April 21st. BMO Capital Markets began coverage on Parker-Hannifin in a research report on Friday, March 27th. They set an “outperform” rating and a $1,090.00 price objective for the company. 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 note on Thursday, May 7th. Truist Financial boosted their target price on Parker-Hannifin from $1,147.00 to $1,269.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Wall Street Zen downgraded Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. 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. According to MarketBeat.com, Parker-Hannifin presently has a consensus rating of “Moderate Buy” and an average price target of $1,026.86.

Parker-Hannifin Price Performance

Shares of NYSE:PH opened at $963.45 on Friday. 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 price-to-earnings ratio of 35.54, a price-to-earnings-growth ratio of 2.57 and a beta of 1.11. The business has a 50-day simple moving average of $907.42 and a two-hundred day simple moving average of $927.76. Parker-Hannifin Corporation has a fifty-two week low of $692.02 and a fifty-two week high of $1,034.96.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings results 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 net margin of 16.58% and a return on equity of 27.97%. The firm 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 posted $6.94 EPS. The business’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. On average, analysts expect that Parker-Hannifin Corporation will post 31.26 earnings per share for the current year.

Parker-Hannifin Increases Dividend

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

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.