Parker-Hannifin Corporation $PH Position Trimmed by First Horizon Corp

First Horizon Corp lessened its stake in Parker-Hannifin Corporation (NYSE:PH) by 5.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,151 shares of the industrial products company’s stock after selling 728 shares during the quarter. First Horizon Corp’s holdings in Parker-Hannifin were worth $11,773,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Fideuram Asset Management Ireland dac bought a new stake in shares of Parker-Hannifin during the 4th quarter worth about $1,253,000. Truist Financial Corp boosted its position in Parker-Hannifin by 2.7% during the fourth quarter. Truist Financial Corp now owns 174,852 shares of the industrial products company’s stock worth $153,687,000 after purchasing an additional 4,673 shares during the period. Y.D. More Investments Ltd acquired a new position in Parker-Hannifin during the fourth quarter valued at approximately $3,800,000. BCS Wealth Management raised its position in shares of Parker-Hannifin by 83.3% in the fourth quarter. BCS Wealth Management now owns 3,120 shares of the industrial products company’s stock valued at $2,742,000 after purchasing an additional 1,418 shares during the period. Finally, Shepherd Street Advisors LLC acquired a new stake in shares of Parker-Hannifin in the fourth quarter worth $1,736,000. 82.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Mizuho set a $1,050.00 target price on shares of Parker-Hannifin in a research note on Friday, May 1st. Wall Street Zen lowered Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a research report on Tuesday, April 21st. Truist Financial boosted their target price on shares of Parker-Hannifin from $1,147.00 to $1,269.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Finally, Citigroup reiterated a “buy” rating on shares of Parker-Hannifin in a research note on Monday, June 8th. One investment 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. According to data from MarketBeat, Parker-Hannifin has a consensus rating of “Moderate Buy” and an average price target of $1,026.86.

Parker-Hannifin Trading Up 1.0%

Shares of PH opened at $948.73 on Friday. The stock’s 50-day moving average price is $905.99 and its 200 day moving average price is $930.46. The company has a quick ratio of 0.66, a current ratio of 1.13 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $119.63 billion, a price-to-earnings ratio of 35.00, a P/E/G ratio of 2.51 and a beta of 1.11. Parker-Hannifin Corporation has a 12-month low of $692.02 and a 12-month high of $1,034.96.

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

Parker-Hannifin Increases Dividend

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