Landscape Capital Management L.L.C. Makes New $2.80 Million Investment in Parker-Hannifin Corporation $PH

Landscape Capital Management L.L.C. acquired a new position in shares of Parker-Hannifin Corporation (NYSE:PH) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,185 shares of the industrial products company’s stock, valued at approximately $2,799,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fideuram Asset Management Ireland dac acquired a new position in shares of Parker-Hannifin in the 4th quarter worth approximately $1,253,000. Citigroup Inc. grew its position in shares of Parker-Hannifin by 54.7% in the 3rd quarter. Citigroup Inc. now owns 158,668 shares of the industrial products company’s stock worth $120,294,000 after acquiring an additional 56,103 shares in the last quarter. Truist Financial Corp grew its position in shares of Parker-Hannifin by 2.7% in the 4th quarter. Truist Financial Corp now owns 174,852 shares of the industrial products company’s stock worth $153,687,000 after acquiring an additional 4,673 shares in the last quarter. Advisors Capital Management LLC grew its position in shares of Parker-Hannifin by 140.0% in the 3rd quarter. Advisors Capital Management LLC now owns 2,232 shares of the industrial products company’s stock worth $1,693,000 after acquiring an additional 1,302 shares in the last quarter. Finally, Y.D. More Investments Ltd acquired a new position in shares of Parker-Hannifin in the 4th quarter worth approximately $3,800,000. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Mizuho set a $1,050.00 target price on Parker-Hannifin in a research report on Friday, May 1st. Wells Fargo & Company decreased their target price on Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating for the company in a research report on Tuesday, May 26th. BMO Capital Markets assumed coverage on Parker-Hannifin in a research report on Friday, March 27th. They issued an “outperform” rating and a $1,090.00 target price for the company. Citigroup reiterated a “buy” rating on shares of Parker-Hannifin in a research report on Monday, June 8th. Finally, JPMorgan Chase & Co. reduced their price objective on Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating for the company in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Parker-Hannifin currently has an average rating of “Moderate Buy” and a consensus target price of $1,021.05.

Parker-Hannifin Trading Down 0.2%

Shares of PH stock opened at $901.89 on Monday. The stock has a 50-day simple moving average of $907.43 and a 200 day simple moving average of $918.86. Parker-Hannifin Corporation has a fifty-two week low of $646.51 and a fifty-two week high of $1,034.96. The stock has a market capitalization of $113.72 billion, a P/E ratio of 33.27, a P/E/G ratio of 2.63 and a beta of 1.14. The company has a quick ratio of 0.66, a current ratio of 1.13 and a debt-to-equity ratio of 0.46.

Parker-Hannifin (NYSE:PH) last announced 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. 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 analysts’ expectations of $5.40 billion. During the same quarter last year, the business posted $6.94 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. On average, sell-side analysts expect that Parker-Hannifin Corporation will post 31.26 earnings per share for the current fiscal 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 given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.9%. This is a boost from Parker-Hannifin’s previous quarterly dividend of $1.80. The ex-dividend date of this dividend was Friday, May 8th. Parker-Hannifin’s payout ratio is presently 29.51%.

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.