QRG Capital Management Inc. Purchases 1,882 Shares of Parker-Hannifin Corporation $PH

QRG Capital Management Inc. boosted its position in Parker-Hannifin Corporation (NYSE:PH) by 19.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,748 shares of the industrial products company’s stock after purchasing an additional 1,882 shares during the quarter. QRG Capital Management Inc.’s holdings in Parker-Hannifin were worth $10,518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of PH. Brighton Jones LLC raised its position in Parker-Hannifin by 5.9% during 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 boosted its holdings in shares of Parker-Hannifin by 4.5% in the 4th quarter. Bison Wealth LLC now owns 749 shares of the industrial products company’s stock worth $476,000 after purchasing an additional 32 shares in the last quarter. Empowered Funds LLC increased its position in shares of Parker-Hannifin by 0.5% during the 1st 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 during the last quarter. Acadian Asset Management LLC increased its position in shares of Parker-Hannifin by 26.2% during the 1st 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 during the last quarter. Finally, Sivia Capital Partners LLC raised its holdings in shares of Parker-Hannifin by 3.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 430 shares of the industrial products company’s stock valued at $300,000 after buying an additional 15 shares in the last quarter. 82.44% of the stock is currently owned by institutional investors.

Parker-Hannifin Stock Performance

Shares of PH stock opened at $963.45 on Friday. The firm has a market capitalization of $121.48 billion, a price-to-earnings ratio of 35.54, a PEG ratio of 2.57 and a beta of 1.11. The stock has a fifty day moving average of $907.42 and a 200 day moving average of $927.76. Parker-Hannifin Corporation has a 52 week low of $692.02 and a 52 week high of $1,034.96. 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 issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $8.17 EPS for the quarter, topping 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 business had revenue of $5.49 billion during the quarter, compared to analyst estimates of $5.40 billion. During the same period in the prior year, the business earned $6.94 EPS. The company’s revenue for the quarter 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, research analysts expect that Parker-Hannifin Corporation will post 31.26 earnings per share for the current year.

Parker-Hannifin Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 8th were issued a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 0.8%. This is a boost from Parker-Hannifin’s previous quarterly dividend of $1.80. The ex-dividend date was Friday, May 8th. Parker-Hannifin’s dividend payout ratio (DPR) is 29.51%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PH shares. Stifel Nicolaus upped their target price on Parker-Hannifin from $965.00 to $1,000.00 and gave the stock a “hold” rating in a research note on Friday, April 10th. BMO Capital Markets began coverage on shares of Parker-Hannifin in a research note on Friday, March 27th. They set an “outperform” rating and a $1,090.00 price target on the stock. Citigroup restated a “buy” rating on shares of Parker-Hannifin in a report on Monday, June 8th. Truist Financial upped their price objective on shares of Parker-Hannifin from $1,147.00 to $1,269.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Wall Street Zen cut shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,026.86.

About Parker-Hannifin

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.