Parker-Hannifin Corporation $PH Shares Sold by Arax Advisory Partners

Arax Advisory Partners lowered its position in Parker-Hannifin Corporation (NYSE:PH) by 59.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,398 shares of the industrial products company’s stock after selling 3,488 shares during the period. Arax Advisory Partners’ holdings in Parker-Hannifin were worth $2,107,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Texas Capital Bancshares Inc TX purchased a new position in shares of Parker-Hannifin during the 3rd quarter worth $25,000. HFM Investment Advisors LLC lifted its stake in shares of Parker-Hannifin by 1,000.0% during the 4th 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 during the period. Lloyd Advisory Services LLC. purchased a new position in shares of Parker-Hannifin during the 4th quarter worth $31,000. Ameriflex Group Inc. lifted 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 purchasing an additional 33 shares during the period. Finally, Mowery & Schoenfeld Wealth Management LLC lifted its stake 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 worth $32,000 after purchasing an additional 16 shares during the period. Institutional investors and hedge funds own 82.44% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on PH shares. Truist Financial set a $1,147.00 price target on Parker-Hannifin in a research note on Friday, May 1st. Morgan Stanley increased their price target on Parker-Hannifin from $945.00 to $1,038.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 24th. JPMorgan Chase & Co. reduced their price target on Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating on the stock in a research note on Thursday, May 7th. Mizuho set a $1,050.00 price target on Parker-Hannifin in a research note on Friday, May 1st. Finally, Stifel Nicolaus increased their price target on Parker-Hannifin from $965.00 to $1,000.00 and gave the stock a “hold” rating in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Parker-Hannifin has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.05.

Parker-Hannifin Stock Up 1.7%

Shares of NYSE PH opened at $919.22 on Tuesday. Parker-Hannifin Corporation has a 12-month low of $646.51 and a 12-month high of $1,034.96. The company has a market cap of $115.90 billion, a P/E ratio of 33.91, a P/E/G ratio of 2.63 and a beta of 1.14. The company has a current ratio of 1.13, a quick ratio of 0.66 and a debt-to-equity ratio of 0.46. The stock has a fifty day moving average price of $907.65 and a 200 day moving average price of $919.33.

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, 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 firm had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.40 billion. During the same period in the prior year, the firm earned $6.94 EPS. The firm’s quarterly revenue 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. Research analysts anticipate that Parker-Hannifin Corporation will post 31.26 EPS for the current fiscal year.

Parker-Hannifin Increases Dividend

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