GC Wealth Management RIA LLC Has $9.52 Million Stock Position in Parker-Hannifin Corporation $PH

GC Wealth Management RIA LLC lowered its position in Parker-Hannifin Corporation (NYSE:PH) by 6.3% during the first quarter, Holdings Channel reports. The firm owned 10,638 shares of the industrial products company’s stock after selling 715 shares during the period. GC Wealth Management RIA LLC’s holdings in Parker-Hannifin were worth $9,524,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Fideuram Asset Management Ireland dac acquired a new stake in shares of Parker-Hannifin in the fourth quarter worth approximately $1,253,000. Truist Financial Corp raised its stake 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 last quarter. Y.D. More Investments Ltd purchased a new position in Parker-Hannifin in the 4th quarter valued at $3,800,000. BCS Wealth Management lifted its holdings in Parker-Hannifin by 83.3% in the 4th quarter. BCS Wealth Management now owns 3,120 shares of the industrial products company’s stock valued at $2,742,000 after purchasing an additional 1,418 shares in the last quarter. Finally, Shepherd Street Advisors LLC acquired a new stake in Parker-Hannifin during the 4th quarter worth $1,736,000. 82.44% of the stock is owned by institutional investors.

Parker-Hannifin Trading Up 1.5%

Shares of PH stock opened at $985.29 on Friday. 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 Corporation has a twelve month low of $692.02 and a twelve month high of $1,034.96. The company’s 50-day moving average price is $919.76 and its 200-day moving average price is $935.64. The stock has a market cap of $124.23 billion, a price-to-earnings ratio of 36.34, a PEG ratio of 2.59 and a beta of 1.11.

Parker-Hannifin (NYSE:PH) last issued its earnings results on Thursday, April 30th. The industrial products company reported $8.17 EPS for the quarter, topping analysts’ consensus estimates of $7.84 by $0.33. The company 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%. Parker-Hannifin’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.94 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. As a group, equities analysts predict that Parker-Hannifin Corporation will post 31.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PH has been the subject of a number of recent research reports. JPMorgan Chase & Co. reduced their target price on shares of Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating for the company in a research report on Thursday, May 7th. Stifel Nicolaus upped their price objective on shares of Parker-Hannifin from $965.00 to $1,000.00 and gave the company a “hold” rating in a research note on Friday, April 10th. Wall Street Zen downgraded shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Sanford C. Bernstein reissued an “outperform” rating and issued a $1,037.00 target price on shares of Parker-Hannifin in a research note on Thursday, July 16th. Finally, Truist Financial boosted their target price on Parker-Hannifin from $1,147.00 to $1,269.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Eighteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,027.38.

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.