Parker-Hannifin Corporation $PH Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC raised its holdings in Parker-Hannifin Corporation (NYSE:PH) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,926 shares of the industrial products company’s stock after buying an additional 746 shares during the period. HighTower Advisors LLC owned about 0.06% of Parker-Hannifin worth $63,220,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. JFS Wealth Advisors LLC raised 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 buying an additional 11 shares in the last quarter. Avion Wealth raised its stake in Parker-Hannifin by 35.5% in the fourth quarter. Avion Wealth now owns 42 shares of the industrial products company’s stock valued at $36,000 after buying an additional 11 shares in the last quarter. 180 Wealth Advisors LLC raised its stake in Parker-Hannifin by 1.9% in the fourth quarter. 180 Wealth Advisors LLC now owns 652 shares of the industrial products company’s stock valued at $573,000 after buying an additional 12 shares in the last quarter. Altfest L J & Co. Inc. raised its stake in Parker-Hannifin by 4.4% in the fourth quarter. Altfest L J & Co. Inc. now owns 286 shares of the industrial products company’s stock valued at $251,000 after buying an additional 12 shares in the last quarter. Finally, Berkshire Asset Management LLC PA raised its stake in Parker-Hannifin by 1.1% in the third quarter. Berkshire Asset Management LLC PA now owns 1,208 shares of the industrial products company’s stock valued at $916,000 after buying an additional 13 shares in the last quarter. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wells Fargo & Company cut their target price on Parker-Hannifin from $1,050.00 to $980.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 1st. Jefferies Financial Group lifted their target price on Parker-Hannifin from $1,050.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Parker-Hannifin in a research report on Tuesday, April 21st. Citigroup lifted their target price on Parker-Hannifin from $1,137.00 to $1,141.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Finally, Stifel Nicolaus lifted their target price on Parker-Hannifin from $965.00 to $1,000.00 and gave the stock a “hold” rating in a research report on Friday, April 10th. Seventeen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock 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 $858.24 on Thursday. The stock has a market capitalization of $108.33 billion, a PE ratio of 31.66, a price-to-earnings-growth ratio of 2.48 and a beta of 1.18. Parker-Hannifin Corporation has a 52-week low of $637.21 and a 52-week high of $1,034.96. The stock’s 50-day moving average price is $920.05 and its 200 day moving average price is $913.20. The company has a quick ratio of 0.66, a current ratio of 1.13 and a debt-to-equity ratio of 0.46.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.84 by $0.33. The firm had revenue of $5.49 billion for the quarter, compared to analysts’ expectations of $5.40 billion. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.94 EPS. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. As a group, equities research analysts forecast that Parker-Hannifin Corporation will post 31.26 EPS for the current year.

Parker-Hannifin Increases Dividend

The firm 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 of this dividend is Friday, May 8th. This represents a $8.00 dividend on an annualized basis and a yield of 0.9%. This is a boost from Parker-Hannifin’s previous quarterly dividend of $1.80. Parker-Hannifin’s dividend payout ratio is presently 29.51%.

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.