Burney Co. Trims Stock Position in Parker-Hannifin Corporation $PH

Burney Co. decreased its position in Parker-Hannifin Corporation (NYSE:PH) by 11.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,351 shares of the industrial products company’s stock after selling 5,856 shares during the quarter. Parker-Hannifin accounts for approximately 1.3% of Burney Co.’s holdings, making the stock its 8th largest position. Burney Co.’s holdings in Parker-Hannifin were worth $42,391,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Texas Capital Bancshares Inc TX bought a new position in Parker-Hannifin during the third quarter worth $25,000. HFM Investment Advisors LLC increased its stake in Parker-Hannifin by 1,000.0% during the fourth quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 30 shares during the last quarter. Lloyd Advisory Services LLC. bought a new stake in Parker-Hannifin during the fourth quarter valued at $31,000. Ameriflex Group Inc. raised its holdings in shares of Parker-Hannifin by 366.7% during the third 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 raised its holdings in shares of Parker-Hannifin by 80.0% during the fourth 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. 82.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Sanford C. Bernstein assumed coverage on shares of Parker-Hannifin in a research report on Tuesday, June 9th. They issued an “outperform” rating and a $1,026.00 price target on the stock. Truist Financial boosted their price objective on shares of Parker-Hannifin from $1,147.00 to $1,269.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. BMO Capital Markets assumed coverage on shares of Parker-Hannifin in a research note on Friday, March 27th. They set an “outperform” rating and a $1,090.00 price objective on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a report on Tuesday, April 21st. Finally, Citigroup restated a “buy” rating on shares of Parker-Hannifin in a research note on Monday, June 8th. One investment 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,026.86.

Parker-Hannifin Price Performance

Shares of NYSE PH opened at $971.09 on Tuesday. 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 firm has a market capitalization of $122.44 billion, a PE ratio of 35.82, a P/E/G ratio of 2.57 and a beta of 1.11. Parker-Hannifin Corporation has a 1-year low of $692.02 and a 1-year high of $1,034.96. The business’s fifty day moving average price is $907.42 and its two-hundred day moving average price is $928.07.

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 net margin of 16.58% and a return on equity of 27.97%. The company had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.40 billion. During the same quarter in the previous year, the company posted $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. On average, research analysts expect that Parker-Hannifin Corporation will post 31.26 EPS for the current year.

Parker-Hannifin Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 8th were given a $2.00 dividend. This represents a $8.00 dividend on an annualized basis 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 payout ratio is currently 29.51%.

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.