Parker-Hannifin Corporation $PH Shares Sold by Hilltop Holdings Inc.

Hilltop Holdings Inc. decreased its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 97.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 288 shares of the industrial products company’s stock after selling 9,186 shares during the quarter. Hilltop Holdings Inc.’s holdings in Parker-Hannifin were worth $258,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. HFM Investment Advisors LLC raised its holdings in Parker-Hannifin by 1,000.0% during the fourth quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 30 shares in the last quarter. Texas Capital Bancshares Inc TX acquired a new position in shares of Parker-Hannifin in the 3rd quarter valued at $25,000. Lloyd Advisory Services LLC. purchased a new position in shares of Parker-Hannifin in the 4th quarter valued at $31,000. NFSG Corp grew its position in shares of Parker-Hannifin by 94.4% in the 1st quarter. NFSG Corp now owns 35 shares of the industrial products company’s stock valued at $31,000 after buying an additional 17 shares during the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC raised its stake in Parker-Hannifin by 80.0% during the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 16 shares in the last quarter. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on PH shares. Sanford C. Bernstein reissued an “outperform” rating and issued a $1,037.00 price target on shares of Parker-Hannifin in a research report on Thursday, July 16th. Mizuho set a $1,050.00 price objective on Parker-Hannifin in a report on Friday, May 1st. 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. JPMorgan Chase & Co. reduced their target price on 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. Finally, Wall Street Zen cut Parker-Hannifin from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Eighteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Parker-Hannifin has an average rating of “Moderate Buy” and an average target price of $1,027.38.

Parker-Hannifin Stock Up 0.4%

PH stock opened at $990.91 on Wednesday. The company has a market cap of $124.94 billion, a price-to-earnings ratio of 36.55, a price-to-earnings-growth ratio of 2.64 and a beta of 1.11. The company has a fifty day moving average price of $927.63 and a 200 day moving average price of $937.19. 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 12 month low of $692.02 and a 12 month high of $1,034.96.

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

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.