Marks Group Wealth Management Inc Sells 1,792 Shares of Parker-Hannifin Corporation $PH

Marks Group Wealth Management Inc reduced its holdings in Parker-Hannifin Corporation (NYSE:PH) by 13.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,417 shares of the industrial products company’s stock after selling 1,792 shares during the quarter. Parker-Hannifin comprises 1.0% of Marks Group Wealth Management Inc’s investment portfolio, making the stock its 18th largest position. Marks Group Wealth Management Inc’s holdings in Parker-Hannifin were worth $10,035,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in PH. Brighton Jones LLC lifted its holdings in Parker-Hannifin by 5.9% in the fourth quarter. Brighton Jones LLC now owns 1,808 shares of the industrial products company’s stock worth $1,150,000 after buying an additional 101 shares during the period. Bison Wealth LLC lifted its stake 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 valued at $476,000 after purchasing an additional 32 shares during the period. Empowered Funds LLC lifted its stake in shares of Parker-Hannifin by 0.5% in 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 period. Acadian Asset Management LLC lifted its stake in shares of Parker-Hannifin by 26.2% in 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 period. Finally, Sivia Capital Partners LLC lifted its stake in shares of Parker-Hannifin by 3.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 430 shares of the industrial products company’s stock valued at $300,000 after purchasing an additional 15 shares during the period. 82.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PH has been the subject of a number of research analyst reports. Stifel Nicolaus raised their target price on Parker-Hannifin from $965.00 to $1,000.00 and gave the company a “hold” rating in a research note on Friday, April 10th. Evercore set a $1,064.00 target price on Parker-Hannifin in a research note on Monday, May 11th. Truist Financial set a $1,147.00 target price on Parker-Hannifin in a research note on Friday, May 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Parker-Hannifin in a research report on Tuesday, April 21st. Finally, Morgan Stanley raised their price objective on Parker-Hannifin from $945.00 to $1,038.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 24th. Seventeen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,020.80.

Parker-Hannifin Stock Performance

Shares of PH opened at $881.80 on Tuesday. The business’s fifty day simple moving average is $906.99 and its two-hundred day simple moving average is $916.99. 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 12 month low of $646.51 and a 12 month high of $1,034.96. The company has a market cap of $111.19 billion, a price-to-earnings ratio of 32.53, a P/E/G ratio of 2.57 and a beta of 1.14.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $8.17 EPS for the quarter, beating the consensus estimate of $7.84 by $0.33. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The company had revenue of $5.49 billion for the quarter, compared to analysts’ expectations of $5.40 billion. During the same period last year, the firm posted $6.94 earnings per share. Parker-Hannifin’s revenue was up 10.6% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. Research analysts anticipate that Parker-Hannifin Corporation will post 31.26 earnings per share for the current fiscal year.

Parker-Hannifin Increases Dividend

The business 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. The ex-dividend date was Friday, May 8th. This represents a $8.00 annualized dividend and a yield of 0.9%. This is an increase from Parker-Hannifin’s previous quarterly dividend of $1.80. Parker-Hannifin’s dividend payout ratio (DPR) is currently 29.51%.

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.