Friedenthal Financial Purchases New Holdings in Parker-Hannifin Corporation $PH

Friedenthal Financial acquired a new position in Parker-Hannifin Corporation (NYSE:PH) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,093 shares of the industrial products company’s stock, valued at approximately $978,000.

Several other large investors also recently bought and sold shares of PH. Texas Capital Bancshares Inc TX acquired a new stake in shares of Parker-Hannifin in the third quarter worth approximately $25,000. HFM Investment Advisors LLC increased its position in shares of Parker-Hannifin by 1,000.0% during the fourth 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 in the last quarter. Lloyd Advisory Services LLC. acquired a new position in Parker-Hannifin in the 4th quarter valued at $31,000. Ameriflex Group Inc. raised its stake in Parker-Hannifin by 366.7% in the 3rd quarter. Ameriflex Group Inc. now owns 42 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 33 shares during the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC lifted its holdings in Parker-Hannifin by 80.0% in the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 16 shares in the last quarter. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Parker-Hannifin Stock Up 1.5%

Shares of NYSE:PH opened at $961.72 on Thursday. 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 has a fifty day moving average of $907.91 and a two-hundred day moving average of $923.73. The stock has a market cap of $121.26 billion, a P/E ratio of 35.47, a PEG ratio of 2.76 and a beta of 1.14. Parker-Hannifin Corporation has a 52-week low of $672.22 and a 52-week high of $1,034.96.

Parker-Hannifin (NYSE:PH) last issued its earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share (EPS) 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 the consensus estimate of $5.40 billion. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the company earned $6.94 EPS. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. On average, research analysts expect that Parker-Hannifin Corporation will post 31.26 earnings per share 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 paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 0.8%. This is a boost from Parker-Hannifin’s previous quarterly dividend of $1.80. The ex-dividend date of this dividend was Friday, May 8th. Parker-Hannifin’s payout ratio is presently 29.51%.

Wall Street Analyst Weigh In

PH has been the topic of several recent research reports. JPMorgan Chase & Co. lowered their target price on shares of 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 target price on shares of Parker-Hannifin in a research report on Monday, May 11th. Truist Financial set a $1,147.00 price target on shares of Parker-Hannifin in a research note on Friday, May 1st. Citigroup restated a “buy” rating on shares of Parker-Hannifin in a research report on Monday, June 8th. Finally, BMO Capital Markets initiated 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 objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.05.

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.