Parker-Hannifin Corporation $PH Stake Lessened by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC cut its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 2.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 51,181 shares of the industrial products company’s stock after selling 1,088 shares during the period. Parker-Hannifin comprises approximately 3.0% of Clear Harbor Asset Management LLC’s holdings, making the stock its 4th biggest position. Clear Harbor Asset Management LLC’s holdings in Parker-Hannifin were worth $44,986,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Texas Capital Bancshares Inc TX purchased a new position in Parker-Hannifin during the third quarter worth approximately $25,000. HFM Investment Advisors LLC increased its position in shares of Parker-Hannifin by 1,000.0% in the fourth quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company’s stock valued at $29,000 after buying an additional 30 shares in the last quarter. Lloyd Advisory Services LLC. acquired a new position in shares of Parker-Hannifin during the 4th quarter worth approximately $31,000. Ameriflex Group Inc. raised its stake in shares of Parker-Hannifin by 366.7% during the 3rd quarter. Ameriflex Group Inc. now owns 42 shares of the industrial products company’s stock worth $32,000 after buying an additional 33 shares during the period. Finally, Mowery & Schoenfeld Wealth Management LLC lifted its position in shares of 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 valued at $32,000 after buying an additional 16 shares in the last quarter. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on PH shares. Citigroup boosted their price target on shares of Parker-Hannifin from $1,137.00 to $1,141.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Evercore set a $1,064.00 price objective on shares of Parker-Hannifin in a report on Monday, May 11th. JPMorgan Chase & Co. dropped their target price on shares of Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. Wall Street Zen raised shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a research note on Wednesday, February 4th. Finally, Truist Financial set a $1,147.00 price target on shares of Parker-Hannifin in a research note on Friday, May 1st. Seventeen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,020.80.

Parker-Hannifin Price Performance

Shares of PH stock opened at $844.13 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.66. The company has a market capitalization of $106.44 billion, a PE ratio of 31.14, a price-to-earnings-growth ratio of 2.46 and a beta of 1.14. The firm’s 50-day moving average is $912.81 and its two-hundred day moving average is $916.09. Parker-Hannifin Corporation has a 12 month low of $646.51 and a 12 month high of $1,034.96.

Parker-Hannifin (NYSE:PH) last released its earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share for the quarter, beating the consensus estimate of $7.84 by $0.33. The company had revenue of $5.49 billion during 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%.Parker-Hannifin’s revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the company posted $6.94 EPS. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. Analysts predict that Parker-Hannifin Corporation will post 31.26 earnings per share for the current year.

Parker-Hannifin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 8th will be paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, May 8th. This is an increase from Parker-Hannifin’s previous quarterly dividend of $1.80. Parker-Hannifin’s payout ratio is currently 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.