Parker-Hannifin Corporation $PH Position Boosted by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC grew its holdings in Parker-Hannifin Corporation (NYSE:PH) by 8.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,357 shares of the industrial products company’s stock after purchasing an additional 1,075 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in Parker-Hannifin were worth $11,958,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in PH. Fideuram Asset Management Ireland dac purchased a new position in Parker-Hannifin in the fourth quarter valued at about $1,253,000. Truist Financial Corp lifted its holdings in shares of Parker-Hannifin by 2.7% during the 4th quarter. Truist Financial Corp now owns 174,852 shares of the industrial products company’s stock valued at $153,687,000 after buying an additional 4,673 shares during the last quarter. Y.D. More Investments Ltd bought a new stake in shares of Parker-Hannifin in the 4th quarter valued at approximately $3,800,000. BCS Wealth Management increased its holdings in Parker-Hannifin by 83.3% in the fourth quarter. BCS Wealth Management now owns 3,120 shares of the industrial products company’s stock worth $2,742,000 after buying an additional 1,418 shares during the last quarter. Finally, Shepherd Street Advisors LLC acquired a new stake in Parker-Hannifin in the fourth quarter valued at approximately $1,736,000. 82.44% of the stock is owned by hedge funds and other institutional investors.

Parker-Hannifin Trading Down 0.0%

Shares of PH stock opened at $963.45 on Friday. Parker-Hannifin Corporation has a 12 month low of $692.02 and a 12 month high of $1,034.96. The company has a market cap of $121.48 billion, a PE ratio of 35.54, a price-to-earnings-growth ratio of 2.58 and a beta of 1.11. The company has a quick ratio of 0.66, a current ratio of 1.13 and a debt-to-equity ratio of 0.46. The business’s 50 day moving average is $907.23 and its two-hundred day moving average is $927.50.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $8.17 earnings per share for the quarter, topping analysts’ consensus estimates of $7.84 by $0.33. The business had revenue of $5.49 billion during the quarter, compared to analysts’ expectations 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 period in the previous year, the company earned $6.94 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. Equities analysts predict that Parker-Hannifin Corporation will post 31.26 EPS for the current year.

Parker-Hannifin Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 8th were given a dividend of $2.00 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $8.00 dividend on an annualized basis and a 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%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Truist Financial increased their price target on shares of Parker-Hannifin from $1,147.00 to $1,269.00 and gave the stock a “buy” rating in a research note on Thursday. 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 note on Thursday, May 7th. 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. Citigroup reissued a “buy” rating on shares of Parker-Hannifin in a research report on Monday, June 8th. Finally, Evercore set a $1,064.00 target price on Parker-Hannifin in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,026.86.

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.