Twin Capital Management Inc. Purchases New Stake in Parker-Hannifin Corporation $PH

Twin Capital Management Inc. purchased a new position in shares of Parker-Hannifin Corporation (NYSE:PH) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 820 shares of the industrial products company’s stock, valued at approximately $734,000.

Several other institutional investors have also recently made changes to their positions in PH. 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 during the period. Texas Capital Bancshares Inc TX purchased a new stake in Parker-Hannifin during the 3rd quarter worth about $25,000. Lloyd Advisory Services LLC. acquired a new stake in Parker-Hannifin in the fourth quarter valued at approximately $31,000. NFSG Corp raised its holdings in shares of Parker-Hannifin by 94.4% in the 1st quarter. NFSG Corp now owns 35 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 17 shares in the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC lifted its holdings in 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 buying an additional 16 shares during the last quarter. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating for the company in a research report on Thursday, May 7th. Citigroup restated a “buy” rating on shares of Parker-Hannifin in a research note on Monday, June 8th. Wall Street Zen lowered Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Mizuho set a $1,050.00 target price on Parker-Hannifin in a report on Friday, May 1st. Finally, Truist Financial upped their target price on Parker-Hannifin from $1,147.00 to $1,269.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Eighteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,027.38.

Parker-Hannifin Trading Up 0.6%

NYSE PH opened at $958.28 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 52-week low of $692.02 and a 52-week high of $1,034.96. The stock has a market capitalization of $120.83 billion, a P/E ratio of 35.35, a P/E/G ratio of 2.54 and a beta of 1.11. The firm has a 50-day moving average price of $911.34 and a 200 day moving average price of $932.91.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings results 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. 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 during the quarter, compared to the consensus estimate of $5.40 billion. During the same quarter last year, the firm posted $6.94 EPS. The business’s revenue was up 10.6% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. Equities research analysts expect that Parker-Hannifin Corporation will post 31.26 EPS for the current year.

Parker-Hannifin Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 8th were issued a $2.00 dividend. 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. The ex-dividend date of this dividend was Friday, May 8th. Parker-Hannifin’s payout ratio is presently 29.51%.

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.