Parker-Hannifin Corporation $PH Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC decreased its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 3.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 23,142 shares of the industrial products company’s stock after selling 893 shares during the period. ProShare Advisors LLC’s holdings in Parker-Hannifin were worth $20,341,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC grew its stake in shares of Parker-Hannifin by 6.8% during 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 in the last quarter. Avion Wealth lifted its stake in shares of Parker-Hannifin by 35.5% in the fourth quarter. Avion Wealth now owns 42 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 11 shares in the last quarter. 180 Wealth Advisors LLC lifted its stake in shares of Parker-Hannifin by 1.9% in the fourth quarter. 180 Wealth Advisors LLC now owns 652 shares of the industrial products company’s stock worth $573,000 after acquiring an additional 12 shares in the last quarter. Altfest L J & Co. Inc. boosted its holdings 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 purchasing an additional 12 shares during the last quarter. Finally, Berkshire Asset Management LLC PA boosted its holdings 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 purchasing an additional 13 shares during the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Parker-Hannifin Trading Up 0.7%

NYSE:PH opened at $858.24 on Thursday. The company has a quick ratio of 0.66, a current ratio of 1.13 and a debt-to-equity ratio of 0.46. The business’s 50 day moving average is $920.05 and its two-hundred day moving average is $913.20. Parker-Hannifin Corporation has a 52 week low of $637.21 and a 52 week high of $1,034.96. The company has a market cap of $108.33 billion, a PE ratio of 31.66, a P/E/G ratio of 2.48 and a beta of 1.18.

Parker-Hannifin (NYSE:PH) last issued 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 business had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.40 billion. During the same period in the previous year, the business earned $6.94 EPS. The business’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. On average, analysts predict that Parker-Hannifin Corporation will post 31.26 EPS for the current year.

Parker-Hannifin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 8th will be issued a $2.00 dividend. This is a boost from Parker-Hannifin’s previous quarterly dividend of $1.80. The ex-dividend date of this dividend is Friday, May 8th. This represents a $8.00 annualized dividend and a dividend yield of 0.9%. Parker-Hannifin’s dividend payout ratio (DPR) is presently 29.51%.

Analysts Set New Price Targets

Several research firms have issued reports on PH. Citigroup lifted their price objective on Parker-Hannifin from $1,137.00 to $1,141.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Truist Financial set a $1,147.00 price target on shares of Parker-Hannifin in a research report on Friday, May 1st. Wells Fargo & Company dropped their price target on shares of Parker-Hannifin from $1,050.00 to $980.00 and set an “overweight” rating for the company in a research note on Wednesday, April 1st. Morgan Stanley upped their price target on shares of Parker-Hannifin from $945.00 to $1,038.00 and gave the company an “equal weight” rating in a report on Tuesday, February 24th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Parker-Hannifin in a research note on Tuesday, April 21st. Seventeen analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Parker-Hannifin presently has an average rating of “Moderate Buy” and an average target price of $1,022.30.

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.