PFG Investments LLC Cuts Position in Parker-Hannifin Corporation $PH

PFG Investments LLC decreased its position in Parker-Hannifin Corporation (NYSE:PH) by 34.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,373 shares of the industrial products company’s stock after selling 715 shares during the quarter. PFG Investments LLC’s holdings in Parker-Hannifin were worth $1,229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Fideuram Asset Management Ireland dac purchased a new position in Parker-Hannifin in the fourth quarter valued at about $1,253,000. Truist Financial Corp lifted its position in shares of Parker-Hannifin by 2.7% during the fourth quarter. Truist Financial Corp now owns 174,852 shares of the industrial products company’s stock valued at $153,687,000 after buying an additional 4,673 shares during the last quarter. Y.D. More Investments Ltd bought a new stake in shares of Parker-Hannifin in the 4th quarter valued at about $3,800,000. BCS Wealth Management boosted its holdings in shares of Parker-Hannifin by 83.3% in the 4th quarter. BCS Wealth Management now owns 3,120 shares of the industrial products company’s stock valued at $2,742,000 after buying an additional 1,418 shares in the last quarter. Finally, Shepherd Street Advisors LLC purchased a new position in shares of Parker-Hannifin in the 4th quarter worth approximately $1,736,000. 82.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on PH shares. Truist Financial boosted their price objective on shares of Parker-Hannifin from $1,147.00 to $1,269.00 and gave the stock a “buy” rating in a research note on Thursday. Wells Fargo & Company reduced their price target on Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Parker-Hannifin in a report on Tuesday, April 21st. Wall Street Zen cut Parker-Hannifin from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Finally, Sanford C. Bernstein began coverage on Parker-Hannifin in a research note on Tuesday, June 9th. They set an “outperform” rating and a $1,026.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Parker-Hannifin presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,026.86.

Parker-Hannifin Trading Up 0.1%

Shares of NYSE:PH opened at $963.45 on Monday. Parker-Hannifin Corporation has a 52-week low of $692.02 and a 52-week high of $1,034.96. The stock has a market cap of $121.48 billion, a price-to-earnings ratio of 35.54, a PEG ratio of 2.57 and a beta of 1.11. 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 has a 50-day moving average price of $907.42 and a 200-day moving average price of $928.07.

Parker-Hannifin (NYSE:PH) last released its earnings results 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. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The firm had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.40 billion. During the same quarter in the previous year, the company posted $6.94 earnings per share. The company’s revenue was up 10.6% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. Equities analysts predict 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 was paid on Friday, June 5th. Shareholders of record on Friday, May 8th were paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, May 8th. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $1.80. Parker-Hannifin’s dividend payout ratio (DPR) is presently 29.51%.

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.