American Trust Lowers Stake in Parker-Hannifin Corporation $PH

American Trust lessened its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 13.3% during the 1st quarter, Holdings Channel reports. The fund owned 3,642 shares of the industrial products company’s stock after selling 560 shares during the period. American Trust’s holdings in Parker-Hannifin were worth $3,260,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC grew its stake in shares of Parker-Hannifin by 5.9% during the fourth quarter. Brighton Jones LLC now owns 1,808 shares of the industrial products company’s stock worth $1,150,000 after acquiring an additional 101 shares during the last quarter. Bison Wealth LLC raised its position in shares of Parker-Hannifin by 4.5% in the 4th quarter. Bison Wealth LLC now owns 749 shares of the industrial products company’s stock valued at $476,000 after purchasing an additional 32 shares during the last quarter. Empowered Funds LLC raised its position in shares of Parker-Hannifin by 0.5% in the 1st quarter. Empowered Funds LLC now owns 2,894 shares of the industrial products company’s stock valued at $1,759,000 after purchasing an additional 15 shares during the last quarter. Acadian Asset Management LLC boosted its stake in Parker-Hannifin by 26.2% in the 1st quarter. Acadian Asset Management LLC now owns 799 shares of the industrial products company’s stock worth $484,000 after purchasing an additional 166 shares in the last quarter. Finally, Sivia Capital Partners LLC grew its position in Parker-Hannifin by 3.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 430 shares of the industrial products company’s stock worth $300,000 after purchasing an additional 15 shares during the last quarter. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PH has been the subject of a number of research analyst reports. Mizuho set a $1,050.00 price target on shares of Parker-Hannifin in a report on Friday, May 1st. Sanford C. Bernstein assumed coverage on Parker-Hannifin in a research report on Tuesday, June 9th. They issued an “outperform” rating and a $1,026.00 target price on the stock. Wall Street Zen lowered Parker-Hannifin from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Citigroup reiterated a “buy” rating on shares of Parker-Hannifin in a research note on Monday, June 8th. Finally, JPMorgan Chase & Co. cut their price objective on 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. One 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,026.86.

Parker-Hannifin Stock Performance

NYSE PH traded up $11.79 on Friday, reaching $960.96. 440,476 shares of the company’s stock traded hands, compared to its average volume of 586,866. Parker-Hannifin Corporation has a fifty-two week low of $692.02 and a fifty-two 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. The firm has a market cap of $121.16 billion, a price-to-earnings ratio of 35.45, a P/E/G ratio of 2.57 and a beta of 1.11. The stock has a 50 day moving average price of $906.28 and a 200-day moving average price of $930.67.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $8.17 earnings per share for the quarter, beating analysts’ consensus estimates of $7.84 by $0.33. The business had revenue of $5.49 billion during the quarter, compared to analyst estimates of $5.40 billion. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The company’s revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the business posted $6.94 EPS. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. Equities research analysts predict that Parker-Hannifin Corporation will post 31.26 EPS for the current fiscal year.

Parker-Hannifin Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 8th were issued a $2.00 dividend. The ex-dividend date of this dividend was Friday, May 8th. This is a boost from Parker-Hannifin’s previous quarterly dividend of $1.80. This represents a $8.00 dividend on an annualized basis and a yield of 0.8%. Parker-Hannifin’s dividend payout ratio is presently 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.