Sequoia Financial Advisors LLC Has $49.48 Million Holdings in Parker-Hannifin Corporation $PH

Sequoia Financial Advisors LLC increased its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 3.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 56,294 shares of the industrial products company’s stock after purchasing an additional 1,826 shares during the period. Sequoia Financial Advisors LLC’s holdings in Parker-Hannifin were worth $49,481,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in PH. Procyon Advisors LLC increased its holdings in shares of Parker-Hannifin by 158,565.9% during the 3rd quarter. Procyon Advisors LLC now owns 5,069,374 shares of the industrial products company’s stock worth $3,843,346,000 after purchasing an additional 5,066,179 shares during the period. Capital World Investors grew its position in Parker-Hannifin by 7.0% during the third quarter. Capital World Investors now owns 2,584,141 shares of the industrial products company’s stock worth $1,959,166,000 after buying an additional 169,073 shares in the last quarter. PFA Pension Forsikringsaktieselskab acquired a new position in Parker-Hannifin in the 4th quarter valued at approximately $104,040,000. California Public Employees Retirement System lifted its position in shares of Parker-Hannifin by 51.3% in the 3rd quarter. California Public Employees Retirement System now owns 336,247 shares of the industrial products company’s stock worth $254,926,000 after acquiring an additional 114,008 shares during the period. Finally, Freestone Grove Partners LP bought a new stake in shares of Parker-Hannifin during the third quarter valued at approximately $86,046,000. 82.44% of the stock is owned by institutional investors.

Insider Transactions at Parker-Hannifin

In related news, CFO Todd M. Leombruno sold 2,062 shares of Parker-Hannifin stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $1,002.34, for a total transaction of $2,066,825.08. Following the completion of the sale, the chief financial officer directly owned 20,610 shares of the company’s stock, valued at approximately $20,658,227.40. This trade represents a 9.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Andrew D. Ross sold 4,664 shares of the company’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $999.00, for a total value of $4,659,336.00. Following the completion of the transaction, the chief operating officer directly owned 13,120 shares in the company, valued at approximately $13,106,880. This represents a 26.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.32% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have issued reports on PH. JPMorgan Chase & Co. boosted their price target on shares of Parker-Hannifin from $1,083.00 to $1,100.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Truist Financial set a $1,147.00 price objective on Parker-Hannifin in a report on Friday, May 1st. Robert W. Baird set a $1,050.00 price objective on shares of Parker-Hannifin in a research note on Friday, January 30th. The Goldman Sachs Group restated a “buy” rating on shares of Parker-Hannifin in a research report on Thursday, January 29th. Finally, BMO Capital Markets began coverage on shares of Parker-Hannifin in a report on Friday, March 27th. They set an “outperform” rating and a $1,090.00 price objective on the stock. Seventeen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,012.45.

Parker-Hannifin Stock Performance

PH opened at $902.28 on Thursday. The company has a market capitalization of $113.89 billion, a price-to-earnings ratio of 33.28, a P/E/G ratio of 2.80 and a beta of 1.18. Parker-Hannifin Corporation has a 1 year low of $616.56 and a 1 year high of $1,034.96. The business’s 50-day moving average price is $943.01 and its two-hundred day moving average price is $905.37. 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 posted 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. The company 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 quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the business posted $6.94 EPS. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. Equities analysts expect that Parker-Hannifin Corporation will post 31.1 EPS for the current fiscal year.

Parker-Hannifin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 8th will be issued a dividend of $2.00 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $8.00 annualized dividend and a yield of 0.9%. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $1.80. Parker-Hannifin’s payout ratio is 26.56%.

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.