Dimensional Fund Advisors LP Sells 118,177 Shares of Parker-Hannifin Corporation $PH

Dimensional Fund Advisors LP reduced its stake in Parker-Hannifin Corporation (NYSE:PH) by 20.4% in the 1st quarter, Holdings Channel reports. The firm owned 461,024 shares of the industrial products company’s stock after selling 118,177 shares during the period. Dimensional Fund Advisors LP’s holdings in Parker-Hannifin were worth $412,623,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its holdings in Parker-Hannifin by 3.2% during the first quarter. Parallel Advisors LLC now owns 8,320 shares of the industrial products company’s stock valued at $7,449,000 after purchasing an additional 255 shares during the last quarter. Ironwood Investment Counsel LLC raised its position in shares of Parker-Hannifin by 5.0% in the first quarter. Ironwood Investment Counsel LLC now owns 440 shares of the industrial products company’s stock valued at $394,000 after purchasing an additional 21 shares during the period. Planning Alternatives Ltd. ADV acquired a new stake in shares of Parker-Hannifin in the first quarter worth $201,000. SEB Asset Management AB acquired a new stake in shares of Parker-Hannifin in the first quarter worth $4,557,000. Finally, Regents Gate Capital LLP boosted its holdings in shares of Parker-Hannifin by 21,941.3% during the 1st quarter. Regents Gate Capital LLP now owns 27,772 shares of the industrial products company’s stock worth $24,863,000 after buying an additional 27,646 shares during the period. Institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Trading Up 0.9%

Shares of Parker-Hannifin stock opened at $959.19 on Wednesday. Parker-Hannifin Corporation has a 1 year low of $692.02 and a 1 year high of $1,034.96. The company’s fifty day simple moving average is $915.89 and its 200-day simple moving average is $934.34. The company has a market cap of $120.94 billion, a price-to-earnings ratio of 35.38, a PEG ratio of 2.54 and a beta of 1.11. The company has a current ratio of 1.13, a quick ratio of 0.66 and a debt-to-equity ratio of 0.46.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings results 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 firm had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.40 billion. Parker-Hannifin had a net margin of 16.58% and a return on equity of 27.97%. The business’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm earned $6.94 EPS. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. As a group, sell-side analysts expect that Parker-Hannifin Corporation will post 31.26 EPS for the current year.

Parker-Hannifin Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 8th were paid a $2.00 dividend. The ex-dividend date was Friday, May 8th. This is a boost from Parker-Hannifin’s previous quarterly dividend of $1.80. This represents a $8.00 annualized dividend and a dividend yield of 0.8%. Parker-Hannifin’s dividend payout ratio is 29.51%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Sanford C. Bernstein reiterated an “outperform” rating and issued a $1,037.00 target price on shares of Parker-Hannifin in a research note on Thursday, July 16th. Wall Street Zen lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Wells Fargo & Company decreased their price target on shares of Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating for the company in a report on Tuesday, May 26th. Evercore set a $1,064.00 price target on Parker-Hannifin in a research report on Monday, May 11th. Finally, Citigroup reiterated a “buy” rating on shares of Parker-Hannifin in a research note on Monday, June 8th. Eighteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,027.38.

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.