MinichMacGregor Wealth Management LLC Acquires New Holdings in Parker-Hannifin Corporation $PH

MinichMacGregor Wealth Management LLC bought a new position in shares of Parker-Hannifin Corporation (NYSE:PH) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 6,717 shares of the industrial products company’s stock, valued at approximately $6,013,000.

A number of other institutional investors also recently modified their holdings of PH. Texas Capital Bancshares Inc TX bought a new stake in shares of Parker-Hannifin during the 3rd quarter worth $25,000. HFM Investment Advisors LLC raised its holdings in Parker-Hannifin by 1,000.0% in the 4th 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 during the period. Lloyd Advisory Services LLC. acquired a new position in Parker-Hannifin during the 4th quarter worth $31,000. Ameriflex Group Inc. lifted its position in Parker-Hannifin by 366.7% during the 3rd quarter. Ameriflex Group Inc. now owns 42 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 33 shares during the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC boosted its holdings in 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 acquiring an additional 16 shares during the period. Institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Stock Up 1.5%

Shares of PH stock opened at $961.72 on Thursday. Parker-Hannifin Corporation has a one year low of $672.22 and a one 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 has a fifty day moving average price of $907.91 and a 200 day moving average price of $923.73. The stock has a market cap of $121.26 billion, a P/E ratio of 35.47, a price-to-earnings-growth ratio of 2.76 and a beta of 1.14.

Parker-Hannifin (NYSE:PH) last issued its earnings results 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. 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 analyst estimates of $5.40 billion. During the same period in the previous year, the business earned $6.94 EPS. The firm’s revenue was up 10.6% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. 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 announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 8th were given a dividend of $2.00 per share. This is a boost from Parker-Hannifin’s previous quarterly dividend of $1.80. The ex-dividend date was Friday, May 8th. This represents a $8.00 annualized dividend and a dividend yield of 0.8%. Parker-Hannifin’s dividend payout ratio is 29.51%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on PH shares. Wall Street Zen cut Parker-Hannifin from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. JPMorgan Chase & Co. cut their price target on Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. Mizuho set a $1,050.00 price objective on Parker-Hannifin in a research report on Friday, May 1st. Wells Fargo & Company dropped their target price on shares of Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 26th. Finally, Sanford C. Bernstein started coverage on shares of Parker-Hannifin in a report on Tuesday, June 9th. They issued an “outperform” rating and a $1,026.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock 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.