First Growth Capital LLC Sells 1,000 Shares of Parker-Hannifin Corporation $PH

First Growth Capital LLC lessened its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 40.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,458 shares of the industrial products company’s stock after selling 1,000 shares during the quarter. Parker-Hannifin comprises approximately 1.2% of First Growth Capital LLC’s portfolio, making the stock its 14th biggest holding. First Growth Capital LLC’s holdings in Parker-Hannifin were worth $1,342,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Fideuram Asset Management Ireland dac purchased a new position in Parker-Hannifin during the fourth quarter valued at approximately $1,253,000. Truist Financial Corp boosted its holdings in Parker-Hannifin by 2.7% in the 4th quarter. Truist Financial Corp now owns 174,852 shares of the industrial products company’s stock valued at $153,687,000 after purchasing an additional 4,673 shares during the period. Y.D. More Investments Ltd purchased a new position in shares of Parker-Hannifin during the 4th quarter valued at $3,800,000. BCS Wealth Management increased its holdings in shares of 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 purchasing an additional 1,418 shares during the period. Finally, Shepherd Street Advisors LLC purchased a new stake in shares of Parker-Hannifin in the fourth quarter worth $1,736,000. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PH. JPMorgan Chase & Co. decreased their target price on Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating on the stock in a research note on Thursday, May 7th. Evercore set a $1,064.00 price objective on Parker-Hannifin in a report on Monday, May 11th. Sanford C. Bernstein initiated coverage on shares of Parker-Hannifin in a research note on Tuesday, June 9th. They issued an “outperform” rating and a $1,026.00 target price on the stock. Stifel Nicolaus lifted their target price on shares of Parker-Hannifin from $965.00 to $1,000.00 and gave the company a “hold” rating in a research report on Friday, April 10th. Finally, BMO Capital Markets initiated coverage on shares of Parker-Hannifin in a research note on Friday, March 27th. They issued an “outperform” rating and a $1,090.00 price target for the company. One research 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,026.86.

Parker-Hannifin Stock Performance

NYSE:PH opened at $960.96 on Monday. The company has a market capitalization of $121.17 billion, a price-to-earnings ratio of 35.45, a PEG ratio of 2.57 and a beta of 1.11. The business has a 50 day moving average of $906.28 and a 200 day moving average of $930.98. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.66. Parker-Hannifin Corporation has a 1-year low of $692.02 and a 1-year high of $1,034.96.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings results 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. The firm had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.40 billion. Parker-Hannifin had a net margin of 16.58% and a return on equity of 27.97%. The business’s revenue was up 10.6% compared to the same quarter last year. During the same period last year, the firm posted $6.94 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. On average, sell-side analysts predict that Parker-Hannifin Corporation will post 31.26 earnings per share for the current fiscal year.

Parker-Hannifin Increases Dividend

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