Corient Private Wealth LLC Has $249.76 Million Position in Parker-Hannifin Corporation $PH

Corient Private Wealth LLC raised its holdings in Parker-Hannifin Corporation (NYSE:PH) by 21.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 284,160 shares of the industrial products company’s stock after acquiring an additional 50,923 shares during the quarter. Corient Private Wealth LLC’s holdings in Parker-Hannifin were worth $249,765,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Texas Capital Bancshares Inc TX bought a new position in shares of Parker-Hannifin in the 3rd quarter valued at approximately $25,000. HFM Investment Advisors LLC lifted its holdings in Parker-Hannifin by 1,000.0% in 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 last quarter. Lloyd Advisory Services LLC. bought a new stake in Parker-Hannifin during the fourth quarter worth approximately $31,000. Mowery & Schoenfeld Wealth Management LLC boosted its position in 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 holdings in Parker-Hannifin by 1,133.3% during the fourth quarter. First Command Advisory Services Inc. now owns 37 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 34 shares during the last quarter. 82.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PH. Citigroup reissued a “buy” rating on shares of Parker-Hannifin in a research report on Monday, June 8th. Wells Fargo & Company decreased their price objective on shares of Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating for the company in a report on Tuesday, May 26th. Mizuho set a $1,050.00 target price on shares of Parker-Hannifin in a research note on Friday, May 1st. Evercore set a $1,064.00 target price on shares of Parker-Hannifin in a report on Monday, May 11th. Finally, BMO Capital Markets began coverage on shares of Parker-Hannifin in a research report on Friday, March 27th. They set an “outperform” rating and a $1,090.00 target price for the company. One investment 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 stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,021.05.

Parker-Hannifin Trading Up 0.9%

Shares of PH stock opened at $954.25 on Friday. Parker-Hannifin Corporation has a 1 year low of $646.51 and a 1 year high of $1,034.96. The firm’s fifty day simple moving average is $909.82 and its 200 day simple moving average is $921.12. The firm has a market capitalization of $120.32 billion, a P/E ratio of 35.20, a price-to-earnings-growth ratio of 2.75 and a beta of 1.14. The company has a current ratio of 1.13, a quick ratio of 0.66 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 EPS for the quarter, beating the consensus estimate of $7.84 by $0.33. Parker-Hannifin had a net margin of 16.58% and a return on equity of 27.97%. The firm had revenue of $5.49 billion during the quarter, compared to analysts’ expectations of $5.40 billion. During the same period in the prior year, the company earned $6.94 EPS. The business’s quarterly 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. As a group, sell-side analysts predict that Parker-Hannifin Corporation will post 31.26 EPS for the current year.

Parker-Hannifin Increases Dividend

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