Zhang Financial LLC Has $1.50 Million Stock Holdings in Parker-Hannifin Corporation $PH

Zhang Financial LLC reduced its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 60.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,703 shares of the industrial products company’s stock after selling 2,635 shares during the quarter. Zhang Financial LLC’s holdings in Parker-Hannifin were worth $1,497,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Texas Capital Bancshares Inc TX acquired a new stake in shares of Parker-Hannifin during the 3rd quarter worth $25,000. HFM Investment Advisors LLC grew its holdings in shares of 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 worth $29,000 after purchasing an additional 30 shares in the last quarter. Lloyd Advisory Services LLC. acquired a new stake in shares of Parker-Hannifin during the 4th quarter worth $31,000. Ameriflex Group Inc. grew its holdings in shares of 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 purchasing an additional 33 shares in the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC grew its holdings in shares of Parker-Hannifin by 80.0% during the 4th 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 in the last quarter. 82.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PH. Truist Financial set a $1,147.00 target price on Parker-Hannifin in a report on Friday, May 1st. KeyCorp reissued an “overweight” rating and set a $1,100.00 target price on shares of Parker-Hannifin in a report on Friday, January 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a report on Tuesday, April 21st. Mizuho set a $1,050.00 price objective on Parker-Hannifin in a research report on Friday, May 1st. Finally, Robert W. Baird set a $1,050.00 price objective on Parker-Hannifin in a research report on Friday, January 30th. Seventeen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,020.80.

Parker-Hannifin Price Performance

Shares of PH stock opened at $844.13 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. Parker-Hannifin Corporation has a twelve month low of $646.51 and a twelve month high of $1,034.96. The company has a market cap of $106.43 billion, a P/E ratio of 31.14, a P/E/G ratio of 2.48 and a beta of 1.18. The business has a fifty day simple moving average of $912.81 and a 200 day simple moving average of $915.57.

Parker-Hannifin (NYSE:PH) last posted its earnings results on Thursday, April 30th. The industrial products company reported $8.17 EPS for the quarter, beating the consensus estimate of $7.84 by $0.33. The firm had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.40 billion. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period last year, the company earned $6.94 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. On average, sell-side analysts forecast that Parker-Hannifin Corporation will post 31.26 EPS for the current fiscal year.

Parker-Hannifin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 8th will be given a $2.00 dividend. This is a boost from Parker-Hannifin’s previous quarterly dividend of $1.80. This represents a $8.00 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, May 8th. Parker-Hannifin’s dividend payout ratio is 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.