PFG Investments LLC Sells 715 Shares of Parker-Hannifin Corporation $PH

PFG Investments LLC cut its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 34.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,373 shares of the industrial products company’s stock after selling 715 shares during the period. PFG Investments LLC’s holdings in Parker-Hannifin were worth $1,229,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. BIP Wealth LLC raised its stake in shares of Parker-Hannifin by 15.1% in the first quarter. BIP Wealth LLC now owns 624 shares of the industrial products company’s stock worth $558,000 after buying an additional 82 shares during the period. Turtle Creek Wealth Advisors LLC grew its stake in shares of Parker-Hannifin by 8.8% during the 1st quarter. Turtle Creek Wealth Advisors LLC now owns 13,357 shares of the industrial products company’s stock valued at $11,958,000 after acquiring an additional 1,075 shares during the period. Private Advisor Group LLC increased its holdings in Parker-Hannifin by 20.8% in the 1st quarter. Private Advisor Group LLC now owns 7,456 shares of the industrial products company’s stock worth $6,675,000 after acquiring an additional 1,286 shares in the last quarter. Optas LLC increased its holdings in Parker-Hannifin by 3.1% in the 1st quarter. Optas LLC now owns 370 shares of the industrial products company’s stock worth $331,000 after acquiring an additional 11 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in Parker-Hannifin during the 1st quarter worth approximately $6,918,000. Institutional investors own 82.44% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on PH. Sanford C. Bernstein started 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 for the company. Mizuho set a $1,050.00 price objective on shares of Parker-Hannifin in a research report on Friday, May 1st. Wells Fargo & Company lowered their target price on shares of Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 26th. BMO Capital Markets began coverage on shares of Parker-Hannifin in a report on Friday, March 27th. They issued an “outperform” rating and a $1,090.00 target price for the company. Finally, JPMorgan Chase & Co. cut their price target on Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,026.86.

Parker-Hannifin Trading Up 0.1%

Shares of PH opened at $963.45 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.66. Parker-Hannifin Corporation has a 1 year low of $692.02 and a 1 year high of $1,034.96. The company has a 50 day simple moving average of $907.42 and a two-hundred day simple moving average of $928.07. The firm has a market cap of $121.48 billion, a P/E ratio of 35.54, a price-to-earnings-growth ratio of 2.57 and a beta of 1.11.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings data 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 firm had revenue of $5.49 billion for the quarter, compared to analysts’ expectations of $5.40 billion. During the same quarter last year, the business 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, equities analysts expect that Parker-Hannifin Corporation will post 31.26 earnings per share 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 paid a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, May 8th. This is an increase from Parker-Hannifin’s previous quarterly dividend of $1.80. Parker-Hannifin’s dividend payout ratio is presently 29.51%.

Parker-Hannifin Company 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.