MML Investors Services LLC boosted its holdings in Parker-Hannifin Corporation (NYSE:PH – Free Report) by 13.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,704 shares of the industrial products company’s stock after acquiring an additional 7,463 shares during the quarter. MML Investors Services LLC’s holdings in Parker-Hannifin were worth $54,236,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the company. Texas Capital Bancshares Inc TX purchased a new position in shares of Parker-Hannifin in the third quarter worth $25,000. HFM Investment Advisors LLC raised its stake in shares of Parker-Hannifin by 1,000.0% in the fourth quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 30 shares during the last quarter. Lloyd Advisory Services LLC. purchased a new position in shares of Parker-Hannifin in the fourth quarter worth $31,000. Ameriflex Group Inc. raised its stake in shares of 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 last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC raised its stake in shares of 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 purchasing an additional 16 shares during the last quarter. 82.44% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
PH has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Parker-Hannifin in a research note on Tuesday, April 21st. JPMorgan Chase & Co. dropped their target price on 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. BMO Capital Markets started coverage on Parker-Hannifin in a report on Friday, March 27th. They set an “outperform” rating and a $1,090.00 price objective for the company. Citigroup reissued a “buy” rating on shares of Parker-Hannifin in a research report on Monday, June 8th. Finally, Mizuho set a $1,050.00 target price on Parker-Hannifin in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Parker-Hannifin presently has an average rating of “Moderate Buy” and a consensus price target of $1,021.05.
Parker-Hannifin Stock Up 1.7%
PH stock opened at $919.22 on Tuesday. Parker-Hannifin Corporation has a 52-week low of $646.51 and a 52-week high of $1,034.96. The firm has a market capitalization of $115.90 billion, a P/E ratio of 33.91, a P/E/G ratio of 2.63 and a beta of 1.14. 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 company’s 50 day simple moving average is $907.65 and its 200-day simple moving average is $919.33.
Parker-Hannifin (NYSE:PH – Get Free Report) last announced 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. The company had revenue of $5.49 billion during the quarter, compared to analysts’ expectations of $5.40 billion. Parker-Hannifin had a net margin of 16.58% and a return on equity of 27.97%. The business’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.94 EPS. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. As a group, equities research analysts anticipate that Parker-Hannifin Corporation will post 31.26 EPS for the current year.
Parker-Hannifin Increases Dividend
The company also recently announced 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. The ex-dividend date of this dividend was Friday, May 8th. 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. Parker-Hannifin’s payout ratio 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.
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