Tobam Takes Position in Parker-Hannifin Corporation $PH

Tobam acquired a new stake in Parker-Hannifin Corporation (NYSE:PH) in the fourth quarter, HoldingsChannel reports. The firm acquired 630 shares of the industrial products company’s stock, valued at approximately $554,000.

Several other hedge funds have also added to or reduced their stakes in the business. HFM Investment Advisors LLC grew its holdings in 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 acquiring an additional 30 shares during the last quarter. Texas Capital Bancshares Inc TX bought a new position in shares of Parker-Hannifin during the third quarter valued at $25,000. Lloyd Advisory Services LLC. acquired a new position in shares of Parker-Hannifin during the fourth quarter worth $31,000. Mowery & Schoenfeld Wealth Management LLC lifted its holdings 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 worth $32,000 after purchasing an additional 16 shares during the period. Finally, First Command Advisory Services Inc. grew its stake in shares of Parker-Hannifin by 1,133.3% in the fourth quarter. First Command Advisory Services Inc. now owns 37 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 34 shares during the last quarter. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on PH shares. Sanford C. Bernstein started coverage on Parker-Hannifin in a report on Tuesday, June 9th. They issued an “outperform” rating and a $1,026.00 price objective for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Parker-Hannifin in a report on Tuesday, April 21st. Evercore set a $1,064.00 price target on Parker-Hannifin in a research report on Monday, May 11th. Truist Financial set a $1,147.00 price target on Parker-Hannifin in a research note on Friday, May 1st. Finally, Mizuho set a $1,050.00 price objective on Parker-Hannifin in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,021.05.

Parker-Hannifin Trading Up 0.1%

PH opened at $954.25 on Friday. Parker-Hannifin Corporation has a twelve month low of $646.51 and a twelve month high of $1,034.96. The company has a fifty day moving average of $909.58 and a 200-day moving average of $921.35. The stock has a market cap of $120.32 billion, a PE ratio of 35.20, a price-to-earnings-growth ratio of 2.77 and a beta of 1.14. 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 (NYSE:PH) last released its earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.84 by $0.33. The business 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%. Parker-Hannifin’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the business 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 predict that Parker-Hannifin Corporation will post 31.26 EPS for the current year.

Parker-Hannifin Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 8th were paid a $2.00 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.8%. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $1.80. Parker-Hannifin’s dividend payout ratio (DPR) is presently 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.