Bridges Investment Management Inc. Sells 846 Shares of Parker-Hannifin Corporation $PH

Bridges Investment Management Inc. trimmed its stake in Parker-Hannifin Corporation (NYSE:PH) by 4.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,054 shares of the industrial products company’s stock after selling 846 shares during the quarter. Bridges Investment Management Inc.’s holdings in Parker-Hannifin were worth $14,990,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Fiduciary Family Office LLC boosted its holdings in Parker-Hannifin by 0.5% in the fourth quarter. Fiduciary Family Office LLC now owns 2,397 shares of the industrial products company’s stock worth $2,107,000 after acquiring an additional 13 shares in the last quarter. Allen Investment Management LLC bought a new stake in Parker-Hannifin in the fourth quarter worth $284,000. Crestmont Private Wealth LLC boosted its holdings in Parker-Hannifin by 3.1% in the fourth quarter. Crestmont Private Wealth LLC now owns 626 shares of the industrial products company’s stock worth $550,000 after acquiring an additional 19 shares in the last quarter. Vantus Wealth LLC bought a new stake in Parker-Hannifin in the fourth quarter worth $505,000. Finally, Root Financial Partners LLC increased its holdings in shares of Parker-Hannifin by 7.4% in the 4th quarter. Root Financial Partners LLC now owns 218 shares of the industrial products company’s stock worth $191,000 after purchasing an additional 15 shares in the last quarter. 82.44% of the stock is owned by institutional investors.

Parker-Hannifin Stock Up 1.6%

PH stock opened at $836.80 on Wednesday. Parker-Hannifin Corporation has a fifty-two week low of $646.51 and a fifty-two week high of $1,034.96. The business’s 50-day moving average is $911.32 and its two-hundred day moving average is $915.86. 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 company has a market cap of $105.51 billion, a price-to-earnings ratio of 30.87, a P/E/G ratio of 2.39 and a beta of 1.14.

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

Parker-Hannifin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 8th will be issued a dividend of $2.00 per share. This is a boost from Parker-Hannifin’s previous quarterly dividend of $1.80. This represents a $8.00 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, May 8th. Parker-Hannifin’s dividend payout ratio is presently 29.51%.

Analysts Set New Price Targets

A number of research firms have commented on PH. Mizuho set a $1,050.00 target price on Parker-Hannifin in a report on Friday, May 1st. Wall Street Zen raised Parker-Hannifin from a “hold” rating to a “buy” rating in a report on Wednesday, February 4th. Wells Fargo & Company lowered their price target on Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating on the stock in a report on Tuesday, May 26th. JPMorgan Chase & Co. lowered their price target 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. Finally, Stifel Nicolaus upped their price target on Parker-Hannifin from $965.00 to $1,000.00 and gave the company a “hold” rating in a report on Friday, April 10th. Seventeen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Parker-Hannifin currently has an average rating of “Moderate Buy” and an average target price of $1,020.80.

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.