Fisher Funds Management LTD Decreases Stake in Parker-Hannifin Corporation $PH

Fisher Funds Management LTD lowered its holdings in Parker-Hannifin Corporation (NYSE:PH) by 9.6% in the 1st quarter, Holdings Channel reports. The firm owned 15,127 shares of the industrial products company’s stock after selling 1,612 shares during the period. Fisher Funds Management LTD’s holdings in Parker-Hannifin were worth $13,542,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PH. HFM Investment Advisors LLC increased its holdings in Parker-Hannifin by 1,000.0% in the 4th quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company’s stock worth $29,000 after buying an additional 30 shares in the last quarter. Texas Capital Bancshares Inc TX purchased a new position in Parker-Hannifin in the 3rd quarter worth about $25,000. Lloyd Advisory Services LLC. bought a new position in Parker-Hannifin during the 4th quarter valued at about $31,000. Mowery & Schoenfeld Wealth Management LLC lifted its stake in 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 acquiring an additional 16 shares during the period. Finally, First Command Advisory Services Inc. boosted its holdings in shares of Parker-Hannifin by 1,133.3% during the 4th quarter. First Command Advisory Services Inc. now owns 37 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 34 shares during the last quarter. 82.44% of the stock is owned by institutional investors.

Parker-Hannifin Trading Up 0.1%

Shares of NYSE:PH opened at $954.25 on Monday. The stock’s 50-day simple moving average is $909.58 and its two-hundred day simple moving average is $921.81. The stock has a market capitalization of $120.32 billion, a price-to-earnings ratio of 35.20, a PEG ratio of 2.77 and a beta of 1.14. Parker-Hannifin Corporation has a 52-week low of $646.51 and a 52-week high of $1,034.96. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 1.13.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $8.17 EPS for the quarter, beating the consensus estimate of $7.84 by $0.33. Parker-Hannifin had a net margin of 16.58% and a return on equity of 27.97%. The firm had revenue of $5.49 billion during the quarter, compared to analyst estimates of $5.40 billion. During the same quarter in the prior year, the firm earned $6.94 EPS. The business’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. Analysts expect that Parker-Hannifin Corporation will post 31.26 EPS for the current year.

Parker-Hannifin Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 8th were given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 0.8%. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $1.80. The ex-dividend date was Friday, May 8th. Parker-Hannifin’s dividend payout ratio (DPR) is presently 29.51%.

Analysts Set New Price Targets

PH has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Citigroup restated a “buy” rating on shares of Parker-Hannifin in a research report on Monday, June 8th. 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 report on Thursday, May 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Parker-Hannifin in a research report on Tuesday, April 21st. Finally, Wells Fargo & Company decreased their target price on shares of Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating for the company in a research note on Tuesday, May 26th. One research 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.05.

About Parker-Hannifin

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.