Vaughan Nelson Investment Management L.P. Buys 1,005 Shares of Parker-Hannifin Corporation $PH

Vaughan Nelson Investment Management L.P. grew its stake in Parker-Hannifin Corporation (NYSE:PH) by 2.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,187 shares of the industrial products company’s stock after purchasing an additional 1,005 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Parker-Hannifin were worth $38,663,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. JFS Wealth Advisors LLC increased its stake in Parker-Hannifin by 6.8% in the fourth quarter. JFS Wealth Advisors LLC now owns 173 shares of the industrial products company’s stock valued at $152,000 after acquiring an additional 11 shares during the period. Avion Wealth lifted its stake in Parker-Hannifin by 35.5% during the fourth quarter. Avion Wealth now owns 42 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 11 shares during the period. Moneta Group Investment Advisors LLC lifted its stake in Parker-Hannifin by 1.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 614 shares of the industrial products company’s stock worth $540,000 after purchasing an additional 11 shares during the period. Inspire Advisors LLC boosted its holdings in Parker-Hannifin by 1.2% during the fourth quarter. Inspire Advisors LLC now owns 917 shares of the industrial products company’s stock valued at $807,000 after purchasing an additional 11 shares in the last quarter. Finally, 180 Wealth Advisors LLC boosted its holdings in Parker-Hannifin by 1.9% during the fourth 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 in the last quarter. Institutional investors own 82.44% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on PH shares. Morgan Stanley boosted their price target on Parker-Hannifin from $945.00 to $1,038.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 24th. Sanford C. Bernstein initiated coverage on Parker-Hannifin in a research note on Tuesday, June 9th. They set an “outperform” rating and a $1,026.00 price objective for the company. JPMorgan Chase & Co. cut their price objective on Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. BMO Capital Markets initiated coverage on shares of Parker-Hannifin in a research note on Friday, March 27th. They issued an “outperform” rating and a $1,090.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Parker-Hannifin in a report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,021.05.

Parker-Hannifin Stock Up 0.1%

Shares of PH opened at $954.25 on Monday. The company has a market capitalization of $120.32 billion, a P/E ratio of 35.20, a PEG ratio of 2.77 and a beta of 1.14. Parker-Hannifin Corporation has a one year low of $646.51 and a one year high of $1,034.96. The business’s 50 day simple moving average is $909.58 and its 200-day simple moving average is $921.81. 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 (NYSE:PH) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share for the quarter, beating analysts’ consensus estimates of $7.84 by $0.33. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The firm had revenue of $5.49 billion during the quarter, compared to analysts’ expectations of $5.40 billion. During the same period last year, the firm posted $6.94 EPS. The business’s revenue was up 10.6% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. As a group, sell-side analysts predict that Parker-Hannifin Corporation will post 31.26 EPS for the current fiscal year.

Parker-Hannifin Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 8th were paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.8%. This is a boost from Parker-Hannifin’s previous quarterly dividend of $1.80. The ex-dividend date was Friday, May 8th. Parker-Hannifin’s dividend payout ratio is 29.51%.

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.