Cynosure Group LLC Takes Position in Parker-Hannifin Corporation $PH

Cynosure Group LLC purchased a new stake in Parker-Hannifin Corporation (NYSE:PH) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 595 shares of the industrial products company’s stock, valued at approximately $523,000.

A number of other large investors have also made changes to their positions in PH. Brighton Jones LLC grew its position in shares of Parker-Hannifin by 5.9% in the fourth quarter. Brighton Jones LLC now owns 1,808 shares of the industrial products company’s stock valued at $1,150,000 after purchasing an additional 101 shares in the last quarter. Bison Wealth LLC grew its position in shares of Parker-Hannifin by 4.5% in the fourth quarter. Bison Wealth LLC now owns 749 shares of the industrial products company’s stock valued at $476,000 after purchasing an additional 32 shares in the last quarter. Empowered Funds LLC grew its position in shares of Parker-Hannifin by 0.5% in the first quarter. Empowered Funds LLC now owns 2,894 shares of the industrial products company’s stock valued at $1,759,000 after purchasing an additional 15 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of Parker-Hannifin by 26.2% in the first quarter. Acadian Asset Management LLC now owns 799 shares of the industrial products company’s stock valued at $484,000 after purchasing an additional 166 shares in the last quarter. Finally, Sivia Capital Partners LLC grew its position in shares of Parker-Hannifin by 3.6% in the second quarter. Sivia Capital Partners LLC now owns 430 shares of the industrial products company’s stock valued at $300,000 after purchasing an additional 15 shares in the last quarter. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Parker-Hannifin Trading Up 2.1%

PH opened at $937.82 on Wednesday. Parker-Hannifin Corporation has a one year low of $646.51 and a one year high of $1,034.96. The stock has a market capitalization of $118.25 billion, a PE ratio of 34.59, a P/E/G ratio of 2.67 and a beta of 1.14. The business’s 50 day moving average price is $908.24 and its 200 day moving average price is $919.87. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 1.13.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $8.17 EPS for the quarter, beating analysts’ consensus estimates of $7.84 by $0.33. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The firm had revenue of $5.49 billion for the quarter, compared to analysts’ expectations of $5.40 billion. During the same period in the prior year, the firm posted $6.94 earnings per share. The firm’s quarterly 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. As a group, equities research analysts expect that Parker-Hannifin Corporation will post 31.26 EPS for the current year.

Parker-Hannifin Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 8th were paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 0.9%. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $1.80. The ex-dividend date was Friday, May 8th. Parker-Hannifin’s payout ratio is currently 29.51%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PH. Weiss Ratings restated a “buy (b)” rating on shares of Parker-Hannifin in a research report on Tuesday, April 21st. Evercore set a $1,064.00 price target on Parker-Hannifin in a research report on Monday, May 11th. Sanford C. Bernstein initiated coverage on Parker-Hannifin in a report on Tuesday, June 9th. They issued an “outperform” rating and a $1,026.00 price objective on the stock. JPMorgan Chase & Co. decreased their price objective on Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating on the stock in a report on Thursday, May 7th. Finally, Morgan Stanley upped their price objective on Parker-Hannifin from $945.00 to $1,038.00 and gave the company an “equal weight” rating in a report on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus 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.