679 Shares in Parker-Hannifin Corporation $PH Bought by Howard Bailey Securities LLC

Howard Bailey Securities LLC bought a new position in Parker-Hannifin Corporation (NYSE:PH) during the fourth quarter, Holdings Channel reports. The fund bought 679 shares of the industrial products company’s stock, valued at approximately $597,000.

Other hedge funds have also modified their holdings of the company. Fox Run Management L.L.C. raised its holdings in shares of Parker-Hannifin by 180.7% during the fourth quarter. Fox Run Management L.L.C. now owns 831 shares of the industrial products company’s stock valued at $730,000 after acquiring an additional 535 shares during the period. Omnitrust Wealth Management Inc acquired a new stake in shares of Parker-Hannifin during the fourth quarter valued at approximately $321,000. Franklin Resources Inc. raised its holdings in shares of Parker-Hannifin by 3.1% during the fourth quarter. Franklin Resources Inc. now owns 1,207,880 shares of the industrial products company’s stock valued at $1,061,678,000 after acquiring an additional 36,203 shares during the period. Erste Asset Management GmbH raised its holdings in shares of Parker-Hannifin by 78.9% during the fourth quarter. Erste Asset Management GmbH now owns 8,659 shares of the industrial products company’s stock valued at $7,606,000 after acquiring an additional 3,818 shares during the period. Finally, CenterBook Partners LP acquired a new stake in shares of Parker-Hannifin during the fourth quarter valued at approximately $1,449,000. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PH has been the topic of a number of recent analyst reports. Truist Financial set a $1,147.00 price target on shares of Parker-Hannifin in a report on Friday, May 1st. JPMorgan Chase & Co. cut 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 report on Thursday, May 7th. Citigroup restated a “buy” rating on shares of Parker-Hannifin in a report on Monday. Morgan Stanley boosted their price target on shares of Parker-Hannifin from $945.00 to $1,038.00 and gave the company an “equal weight” rating in a report on Tuesday, February 24th. Finally, Evercore set a $1,064.00 price target on shares of Parker-Hannifin in a report on Monday, May 11th. Seventeen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,020.80.

Parker-Hannifin Stock Down 0.1%

Parker-Hannifin stock opened at $881.80 on Tuesday. The firm has a market cap of $111.19 billion, a PE ratio of 32.53, a P/E/G ratio of 2.57 and a beta of 1.14. 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’s 50 day moving average price is $906.99 and its two-hundred day moving average price is $916.99. Parker-Hannifin Corporation has a twelve month low of $646.51 and a twelve month high of $1,034.96.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $8.17 earnings per share for the quarter, beating the consensus estimate of $7.84 by $0.33. The firm had revenue of $5.49 billion for the quarter, compared to analyst estimates of $5.40 billion. Parker-Hannifin had a net margin of 16.58% and a return on equity of 27.97%. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $6.94 EPS. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. On average, research analysts predict that Parker-Hannifin Corporation will post 31.26 EPS for the current fiscal 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 paid a $2.00 dividend. The ex-dividend date was Friday, May 8th. This represents a $8.00 annualized dividend and a yield of 0.9%. This is a boost from Parker-Hannifin’s previous quarterly dividend of $1.80. Parker-Hannifin’s dividend payout ratio (DPR) is currently 29.51%.

Parker-Hannifin Company 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.