Pinnbrook Capital Management LP Purchases Shares of 7,216 Parker-Hannifin Corporation $PH

Pinnbrook Capital Management LP purchased a new stake in Parker-Hannifin Corporation (NYSE:PH) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 7,216 shares of the industrial products company’s stock, valued at approximately $6,343,000.

A number of other hedge funds also recently made changes to their positions in the stock. JFS Wealth Advisors LLC boosted its holdings in shares of Parker-Hannifin by 6.8% in the 4th quarter. JFS Wealth Advisors LLC now owns 173 shares of the industrial products company’s stock valued at $152,000 after purchasing an additional 11 shares during the last quarter. Avion Wealth boosted its holdings in shares of Parker-Hannifin by 35.5% in the 4th quarter. Avion Wealth now owns 42 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 11 shares during the last quarter. 180 Wealth Advisors LLC boosted its holdings in shares of Parker-Hannifin by 1.9% in the 4th quarter. 180 Wealth Advisors LLC now owns 652 shares of the industrial products company’s stock valued at $573,000 after purchasing an additional 12 shares during the last quarter. Altfest L J & Co. Inc. boosted its holdings in shares of Parker-Hannifin by 4.4% in the 4th quarter. Altfest L J & Co. Inc. now owns 286 shares of the industrial products company’s stock valued at $251,000 after purchasing an additional 12 shares during the last quarter. Finally, Berkshire Asset Management LLC PA boosted its holdings in shares of Parker-Hannifin by 1.1% in the 3rd quarter. Berkshire Asset Management LLC PA now owns 1,208 shares of the industrial products company’s stock valued at $916,000 after purchasing an additional 13 shares during the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on PH shares. The Goldman Sachs Group reiterated a “buy” rating on shares of Parker-Hannifin in a report on Thursday, January 29th. Truist Financial set a $1,147.00 target price on shares of Parker-Hannifin in a report on Friday, May 1st. Mizuho set a $1,050.00 target price on shares of Parker-Hannifin in a report on Friday, May 1st. Jefferies Financial Group lifted their target price on shares of Parker-Hannifin from $1,050.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday, January 30th. Finally, Barclays lifted their target price on shares of Parker-Hannifin from $990.00 to $1,020.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Seventeen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,022.30.

Parker-Hannifin Stock Performance

Shares of PH stock opened at $864.97 on Friday. Parker-Hannifin Corporation has a 12 month low of $637.21 and a 12 month high of $1,034.96. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.66. The firm has a market capitalization of $109.18 billion, a P/E ratio of 31.91, a P/E/G ratio of 2.50 and a beta of 1.18. The company’s fifty day moving average price is $918.36 and its two-hundred day moving average price is $913.84.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings data 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. Parker-Hannifin had a net margin of 16.58% and a return on equity of 27.97%. The firm had revenue of $5.49 billion for the quarter, compared to analyst estimates of $5.40 billion. During the same quarter in the previous year, the business posted $6.94 EPS. The firm’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. On average, research analysts anticipate that Parker-Hannifin Corporation will post 31.26 earnings per share for the current fiscal year.

Parker-Hannifin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 8th will be issued a $2.00 dividend. The ex-dividend date is Friday, May 8th. This represents a $8.00 dividend on an annualized basis 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 presently 29.51%.

Parker-Hannifin 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.