Cibc World Market Inc. Lowers Stock Holdings in Parker-Hannifin Corporation $PH

Cibc World Market Inc. reduced its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 27.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,309 shares of the industrial products company’s stock after selling 4,601 shares during the period. Cibc World Market Inc.’s holdings in Parker-Hannifin were worth $10,819,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of PH. JFS Wealth Advisors LLC boosted its holdings in Parker-Hannifin by 6.8% in the fourth quarter. JFS Wealth Advisors LLC now owns 173 shares of the industrial products company’s stock valued at $152,000 after purchasing an additional 11 shares during the period. Avion Wealth increased its holdings in Parker-Hannifin by 35.5% during the 4th quarter. Avion Wealth now owns 42 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 11 shares during the period. 180 Wealth Advisors LLC increased its holdings in Parker-Hannifin by 1.9% during the 4th quarter. 180 Wealth Advisors LLC now owns 652 shares of the industrial products company’s stock worth $573,000 after purchasing an additional 12 shares during the period. Altfest L J & Co. Inc. increased its holdings in Parker-Hannifin by 4.4% during the 4th quarter. Altfest L J & Co. Inc. now owns 286 shares of the industrial products company’s stock worth $251,000 after purchasing an additional 12 shares during the period. Finally, Berkshire Asset Management LLC PA increased its holdings in Parker-Hannifin by 1.1% during the 3rd quarter. Berkshire Asset Management LLC PA now owns 1,208 shares of the industrial products company’s stock worth $916,000 after purchasing an additional 13 shares during the period. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Stock Up 1.3%

Shares of NYSE PH opened at $883.20 on Friday. The company has a market capitalization of $111.36 billion, a price-to-earnings ratio of 32.58, a price-to-earnings-growth ratio of 2.57 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 1 year low of $646.51 and a 1 year high of $1,034.96.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter was up 10.6% on a year-over-year basis. During the same period in the previous year, the business earned $6.94 EPS. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. On average, analysts forecast that Parker-Hannifin Corporation will post 31.26 earnings per share for the current fiscal year.

Parker-Hannifin Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 8th were issued a dividend of $2.00 per share. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $1.80. The ex-dividend date of this dividend was Friday, May 8th. This represents a $8.00 dividend on an annualized basis and a yield of 0.9%. Parker-Hannifin’s dividend payout ratio (DPR) is presently 29.51%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Mizuho set a $1,050.00 price target on Parker-Hannifin in a report on Friday, May 1st. Evercore set a $1,064.00 price target on Parker-Hannifin in a report on Monday, May 11th. Citigroup upped their price target on Parker-Hannifin from $1,137.00 to $1,141.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Morgan Stanley upped their price target on Parker-Hannifin from $945.00 to $1,038.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 24th. Finally, Truist Financial set a $1,147.00 price target on Parker-Hannifin in a report 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. According to MarketBeat, Parker-Hannifin currently has an average rating of “Moderate Buy” and an average target price of $1,020.80.

Parker-Hannifin 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.