Daiwa Securities Group Inc. Decreases Position in Parker-Hannifin Corporation $PH

Daiwa Securities Group Inc. reduced its stake in Parker-Hannifin Corporation (NYSE:PH) by 8.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,205 shares of the industrial products company’s stock after selling 3,585 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Parker-Hannifin were worth $33,581,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Texas Capital Bancshares Inc TX acquired a new position in shares of Parker-Hannifin in the third quarter valued at approximately $25,000. HFM Investment Advisors LLC raised 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 during the last quarter. Lloyd Advisory Services LLC. acquired a new position in shares of Parker-Hannifin in the fourth quarter valued at approximately $31,000. Ameriflex Group Inc. grew its stake in Parker-Hannifin by 366.7% in the 3rd quarter. Ameriflex Group Inc. now owns 42 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 33 shares during the period. Finally, Mowery & Schoenfeld Wealth Management LLC raised its holdings in Parker-Hannifin by 80.0% in the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 16 shares during the last quarter. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Parker-Hannifin Stock Performance

Shares of NYSE:PH opened at $883.20 on Friday. The firm has a market capitalization of $111.36 billion, a PE ratio of 32.58, a P/E/G ratio of 2.54 and a beta of 1.14. 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 business has a 50-day moving average of $907.35 and a two-hundred day moving average of $915.87. 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 posted its earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share (EPS) 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 analyst estimates of $5.40 billion. During the same quarter last year, the firm earned $6.94 earnings per share. The company’s revenue for the quarter 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. As a group, research analysts forecast that Parker-Hannifin Corporation will post 31.26 earnings per share for the current year.

Parker-Hannifin Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 8th were paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.9%. This is an increase from Parker-Hannifin’s previous quarterly dividend of $1.80. The ex-dividend date was Friday, May 8th. Parker-Hannifin’s payout ratio is 29.51%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on PH shares. Stifel Nicolaus boosted their price target on Parker-Hannifin from $965.00 to $1,000.00 and gave the company a “hold” rating in a report on Friday, April 10th. Wall Street Zen downgraded Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings reiterated a “buy (b)” rating on shares of Parker-Hannifin in a research report on Tuesday, April 21st. Morgan Stanley increased their target price on Parker-Hannifin from $945.00 to $1,038.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 24th. Finally, Mizuho set a $1,050.00 target price on Parker-Hannifin in a research report on Friday, May 1st. Seventeen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Parker-Hannifin currently has a consensus rating of “Moderate Buy” and an average price target of $1,020.80.

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.