Representative David Taylor (R-Ohio) recently bought shares of Parker-Hannifin Co. (NYSE:PH). In a filing disclosed on April 03rd, the Representative disclosed that they had bought between $1,001 and $15,000 in Parker-Hannifin stock on March 10th. The trade occurred in the Representative's "DAVID TAYLOR TRUST > SCHWAB JOINT BROKERAGE #1 (HOME GROWN)" account.
Representative David Taylor also recently made the following trade(s):
- Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 3/27/2025.
- Purchased $1,001 - $15,000 in shares of JPMorgan Chase & Co. NYSE: JPM on 3/10/2025.
- Purchased $1,001 - $15,000 in shares of Eaton NYSE: ETN on 3/10/2025.
- Sold $1,001 - $15,000 in shares of American Electric Power NASDAQ: AEP on 3/10/2025.
- Sold $1,001 - $15,000 in shares of AT&T NYSE: T on 3/10/2025.
- Sold $1,001 - $15,000 in shares of J. M. Smucker NYSE: SJM on 2/20/2025.
- Purchased $1,001 - $15,000 in shares of Kroger NYSE: KR on 2/20/2025.
- Purchased $1,001 - $15,000 in shares of Procter & Gamble NYSE: PG on 2/10/2025.
- Purchased $1,001 - $15,000 in shares of J. M. Smucker NYSE: SJM on 2/10/2025.
- Purchased $1,001 - $15,000 in shares of Installed Building Products NYSE: IBP on 2/5/2025.
Parker-Hannifin Price Performance
NYSE PH traded up $71.28 on Wednesday, hitting $596.76. The company had a trading volume of 2,201,749 shares, compared to its average volume of 706,556. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 0.59. The company has a market capitalization of $76.81 billion, a PE ratio of 24.70, a PEG ratio of 2.85 and a beta of 1.39. Parker-Hannifin Co. has a 12-month low of $488.45 and a 12-month high of $718.44. The company's fifty day moving average price is $636.52 and its 200-day moving average price is $651.76.
Parker-Hannifin (NYSE:PH - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $6.53 EPS for the quarter, topping the consensus estimate of $6.23 by $0.30. Parker-Hannifin had a return on equity of 27.34% and a net margin of 15.87%. As a group, analysts predict that Parker-Hannifin Co. will post 26.71 earnings per share for the current year.
Parker-Hannifin Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 7th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $6.52 dividend on an annualized basis and a yield of 1.09%. Parker-Hannifin's dividend payout ratio is currently 26.99%.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on PH shares. Wells Fargo & Company boosted their price target on shares of Parker-Hannifin from $710.00 to $775.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Evercore ISI raised their price target on shares of Parker-Hannifin from $777.00 to $824.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. UBS Group decreased their price target on Parker-Hannifin from $842.00 to $805.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Stifel Nicolaus raised their price objective on Parker-Hannifin from $689.00 to $691.00 and gave the stock a "hold" rating in a research report on Friday, January 31st. Finally, Citigroup initiated coverage on shares of Parker-Hannifin in a research report on Friday, February 7th. They issued a "buy" rating and a $795.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $723.41.
Check Out Our Latest Report on Parker-Hannifin
Hedge Funds Weigh In On Parker-Hannifin
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank purchased a new stake in Parker-Hannifin during the 4th quarter worth approximately $1,106,132,000. GAMMA Investing LLC grew its position in shares of Parker-Hannifin by 66,111.8% during the first quarter. GAMMA Investing LLC now owns 1,735,412 shares of the industrial products company's stock worth $1,054,870,000 after buying an additional 1,732,791 shares in the last quarter. Proficio Capital Partners LLC increased its stake in shares of Parker-Hannifin by 116,370.3% in the fourth quarter. Proficio Capital Partners LLC now owns 1,140,244 shares of the industrial products company's stock worth $725,229,000 after buying an additional 1,139,265 shares during the last quarter. Royal Bank of Canada raised its holdings in Parker-Hannifin by 99.8% in the fourth quarter. Royal Bank of Canada now owns 2,277,001 shares of the industrial products company's stock valued at $1,448,241,000 after acquiring an additional 1,137,564 shares in the last quarter. Finally, State Street Corp boosted its stake in Parker-Hannifin by 13.8% during the 3rd quarter. State Street Corp now owns 6,202,235 shares of the industrial products company's stock valued at $3,918,696,000 after acquiring an additional 753,143 shares during the last quarter. Hedge funds and other institutional investors own 82.44% of the company's stock.
About Representative Taylor
David Taylor (Republican Party) is a member of the U.S. House, representing Ohio's 2nd Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Taylor (Republican Party) ran for election to the U.S. House to represent Ohio's 2nd Congressional District. He won in the general election on November 5, 2024.
David Taylor graduated from Amelia High School. Taylor earned degrees from Miami University (Ohio) and the University of Dayton School of Law. Taylor's career experience includes working as an attorney and as a businessman at Sardinia Ready Mix, Inc.
Parker-Hannifin Company Profile
(
Get Free Report)
Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to ensure purity and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors used in fluid and gas handling; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.
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