Great Lakes Advisors LLC Has $170.40 Million Holdings in Parker-Hannifin Corporation $PH

Great Lakes Advisors LLC cut its holdings in Parker-Hannifin Corporation (NYSE:PH) by 0.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 193,864 shares of the industrial products company’s stock after selling 1,753 shares during the quarter. Parker-Hannifin makes up 1.4% of Great Lakes Advisors LLC’s holdings, making the stock its 12th biggest holding. Great Lakes Advisors LLC owned approximately 0.15% of Parker-Hannifin worth $170,402,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Texas Capital Bancshares Inc TX acquired a new stake in Parker-Hannifin in the third quarter valued at about $25,000. HFM Investment Advisors LLC boosted its stake in Parker-Hannifin by 1,000.0% in the fourth quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company’s stock valued at $29,000 after buying an additional 30 shares in the last quarter. Lloyd Advisory Services LLC. acquired a new stake in Parker-Hannifin in the fourth quarter valued at about $31,000. Ameriflex Group Inc. boosted its stake in Parker-Hannifin by 366.7% in the third quarter. Ameriflex Group Inc. now owns 42 shares of the industrial products company’s stock valued at $32,000 after buying an additional 33 shares in the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC boosted its stake in Parker-Hannifin by 80.0% in the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company’s stock valued at $32,000 after buying an additional 16 shares in the last quarter. 82.44% of the stock is owned by institutional investors and hedge funds.

Parker-Hannifin Stock Performance

Shares of PH stock opened at $902.07 on Friday. The business’s 50-day moving average price is $907.83 and its 200-day moving average price is $918.43. Parker-Hannifin Corporation has a 12 month low of $646.51 and a 12 month high of $1,034.96. The firm has a market capitalization of $113.74 billion, a price-to-earnings ratio of 33.27, a PEG ratio of 2.55 and a beta of 1.14. 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 announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $8.17 EPS 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 firm had revenue of $5.49 billion for the quarter, compared to analyst estimates of $5.40 billion. During the same period last year, the firm posted $6.94 earnings per share. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. Equities research analysts forecast that Parker-Hannifin Corporation will post 31.26 EPS for the current year.

Parker-Hannifin Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 8th were given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.9%. 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 is 29.51%.

Analyst Upgrades and Downgrades

PH has been the topic of several research analyst reports. Evercore set a $1,064.00 price objective on Parker-Hannifin in a research note on Monday, May 11th. Mizuho set a $1,050.00 price objective on Parker-Hannifin in a research note on Friday, May 1st. Sanford C. Bernstein began coverage on Parker-Hannifin in a research note on Tuesday. They issued an “outperform” rating and a $1,026.00 price objective on the stock. Truist Financial set a $1,147.00 price target on Parker-Hannifin in a research note on Friday, May 1st. Finally, Wells Fargo & Company cut their price target on Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.