Parker-Hannifin Corporation $PH Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lowered its stake in Parker-Hannifin Corporation (NYSE:PH) by 42.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 7,957 shares of the industrial products company’s stock after selling 5,948 shares during the quarter. Leeward Investments LLC MA’s holdings in Parker-Hannifin were worth $6,994,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in PH. Capital World Investors lifted its position in shares of Parker-Hannifin by 7.0% in the third quarter. Capital World Investors now owns 2,584,141 shares of the industrial products company’s stock valued at $1,959,166,000 after acquiring an additional 169,073 shares in the last quarter. PFA Pension Forsikringsaktieselskab purchased a new position in shares of Parker-Hannifin in the fourth 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 third quarter. California Public Employees Retirement System now owns 336,247 shares of the industrial products company’s stock valued at $254,926,000 after acquiring an additional 114,008 shares in the last quarter. Freestone Grove Partners LP purchased a new position in shares of Parker-Hannifin in the third quarter valued at approximately $86,046,000. Finally, Danske Bank A S purchased a new position in shares of Parker-Hannifin in the third quarter valued at approximately $70,822,000. Institutional investors and hedge funds own 82.44% of the company’s stock.

Parker-Hannifin Stock Down 2.2%

PH stock opened at $861.31 on Friday. The company has a market cap of $108.71 billion, a price-to-earnings ratio of 31.77, a PEG ratio of 2.56 and a beta of 1.18. The company has a current ratio of 1.13, a quick ratio of 0.66 and a debt-to-equity ratio of 0.46. Parker-Hannifin Corporation has a 12 month low of $637.21 and a 12 month high of $1,034.96. The firm has a 50-day moving average of $925.06 and a two-hundred day moving average of $910.46.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings data on Thursday, April 30th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $5.40 billion. During the same quarter in the prior year, the firm posted $6.94 earnings per share. Parker-Hannifin’s quarterly 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, analysts forecast 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. Investors of record on Friday, May 8th will be issued a $2.00 dividend. This is an increase from Parker-Hannifin’s previous quarterly dividend of $1.80. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, May 8th. Parker-Hannifin’s payout ratio is currently 29.51%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on PH shares. BMO Capital Markets started coverage on Parker-Hannifin in a research report on Friday, March 27th. They issued an “outperform” rating and a $1,090.00 target price on the stock. Wall Street Zen upgraded Parker-Hannifin from a “hold” rating to a “buy” rating in a research report on Wednesday, February 4th. Barclays raised their target price on Parker-Hannifin from $990.00 to $1,020.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Robert W. Baird set a $1,050.00 target price on Parker-Hannifin in a research report on Friday, January 30th. Finally, JPMorgan Chase & Co. cut their price objective on shares of 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. Seventeen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,022.30.

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.