Parker-Hannifin Corporation $PH Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 63.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 651,846 shares of the industrial products company’s stock after selling 1,130,712 shares during the period. JPMorgan Chase & Co. owned 0.52% of Parker-Hannifin worth $572,947,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PH. Landing Point Financial Group LLC raised its stake in Parker-Hannifin by 16.7% in the 4th quarter. Landing Point Financial Group LLC now owns 496 shares of the industrial products company’s stock valued at $436,000 after purchasing an additional 71 shares during the last quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna acquired a new stake in shares of Parker-Hannifin during the 4th quarter worth about $608,000. Clearbridge Investments LLC grew its holdings in shares of Parker-Hannifin by 2.4% during the fourth quarter. Clearbridge Investments LLC now owns 304,051 shares of the industrial products company’s stock worth $267,249,000 after buying an additional 7,255 shares in the last quarter. SouthState Bank Corp grew its holdings in shares of Parker-Hannifin by 1.9% during the fourth quarter. SouthState Bank Corp now owns 35,834 shares of the industrial products company’s stock worth $31,497,000 after buying an additional 685 shares in the last quarter. Finally, Syon Capital LLC raised its position in shares of Parker-Hannifin by 1.9% in the fourth quarter. Syon Capital LLC now owns 2,151 shares of the industrial products company’s stock valued at $1,891,000 after buying an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on PH shares. Wall Street Zen cut shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Morgan Stanley raised their price target on Parker-Hannifin from $945.00 to $1,038.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 24th. JPMorgan Chase & Co. dropped 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 research note on Thursday, May 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Parker-Hannifin in a report on Tuesday, April 21st. Finally, BMO Capital Markets started coverage on shares of 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. Eighteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,021.05.

Parker-Hannifin Price Performance

Shares of NYSE PH opened at $876.58 on Thursday. 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 Corporation has a 1-year low of $646.51 and a 1-year high of $1,034.96. The company has a market capitalization of $110.52 billion, a price-to-earnings ratio of 32.33, a PEG ratio of 2.63 and a beta of 1.14. The business has a 50-day moving average of $907.66 and a 200-day moving average of $917.99.

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

Parker-Hannifin Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 8th were issued a $2.00 dividend. The ex-dividend date was Friday, May 8th. This represents a $8.00 dividend on an annualized basis and a yield of 0.9%. This is an increase from Parker-Hannifin’s previous quarterly dividend of $1.80. Parker-Hannifin’s dividend payout ratio (DPR) 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.