GC Wealth Management RIA LLC Sells 715 Shares of Parker-Hannifin Corporation $PH

GC Wealth Management RIA LLC decreased its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 6.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in PH. Texas Capital Bancshares Inc TX acquired a new position in shares of Parker-Hannifin during the 3rd quarter worth $25,000. HFM Investment Advisors LLC boosted its stake in Parker-Hannifin by 1,000.0% in the fourth quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company’s stock valued at $29,000 after buying an additional 30 shares in the last quarter. Lloyd Advisory Services LLC. bought a new position in Parker-Hannifin in the fourth quarter valued at about $31,000. NFSG Corp grew its position in Parker-Hannifin by 94.4% in the first quarter. NFSG Corp now owns 35 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 17 shares during the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC raised its stake in Parker-Hannifin by 80.0% during the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 16 shares in the last quarter. 82.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PH. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a report on Friday, July 17th. Wells Fargo & Company lowered their price objective on shares of Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating for the company in a research report on Tuesday, May 26th. Stifel Nicolaus increased 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. Mizuho set a $1,050.00 target price on shares of Parker-Hannifin in a research report on Friday, May 1st. Finally, JPMorgan Chase & Co. decreased 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. Eighteen 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 company currently has an average rating of “Moderate Buy” and an average price target of $1,027.38.

Parker-Hannifin Trading Up 1.5%

PH opened at $985.29 on Friday. 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 fifty-two week low of $692.02 and a fifty-two week high of $1,034.96. The company’s 50 day moving average price is $919.76 and its two-hundred day moving average price is $935.64. The firm has a market capitalization 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 released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.84 by $0.33. The firm had revenue of $5.49 billion during 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 company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter last 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, research analysts predict that Parker-Hannifin Corporation will post 31.26 earnings per share for the current year.

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.