Shepherd Street Advisors LLC Makes New Investment in Parker-Hannifin Corporation $PH

Shepherd Street Advisors LLC purchased a new position in shares of Parker-Hannifin Corporation (NYSE:PH) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,975 shares of the industrial products company’s stock, valued at approximately $1,736,000. Parker-Hannifin comprises 1.7% of Shepherd Street Advisors LLC’s investment portfolio, making the stock its 20th largest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in PH. Norges Bank bought a new stake in shares of Parker-Hannifin during the fourth quarter worth about $1,756,230,000. Eurizon Capital SGR S.p.A. bought a new stake in shares of Parker-Hannifin during the fourth quarter worth about $185,532,000. Capital World Investors grew its holdings in shares of Parker-Hannifin by 7.0% during the third quarter. Capital World Investors now owns 2,584,141 shares of the industrial products company’s stock worth $1,959,166,000 after purchasing an additional 169,073 shares during the last quarter. PFA Pension Forsikringsaktieselskab bought a new stake in shares of Parker-Hannifin during the fourth quarter worth about $104,040,000. Finally, California Public Employees Retirement System grew its holdings in shares of Parker-Hannifin by 51.3% during the third quarter. California Public Employees Retirement System now owns 336,247 shares of the industrial products company’s stock worth $254,926,000 after purchasing an additional 114,008 shares during the last quarter. 82.44% of the stock is currently owned by institutional investors.

Parker-Hannifin Stock Performance

Shares of PH stock opened at $836.80 on Wednesday. The business’s 50 day simple moving average is $911.32 and its 200 day simple moving average is $915.86. Parker-Hannifin Corporation has a one year low of $646.51 and a one year high of $1,034.96. The stock has a market capitalization of $105.51 billion, a PE ratio of 30.87, a PEG ratio of 2.39 and a beta of 1.14. 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 (NYSE:PH) last announced its earnings results on Thursday, April 30th. The industrial products company reported $8.17 EPS for the quarter, beating the consensus estimate of $7.84 by $0.33. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The business had revenue of $5.49 billion for the quarter, compared to analysts’ expectations of $5.40 billion. During the same period in the prior year, the business posted $6.94 earnings per share. The firm’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, research 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 announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 8th will be issued a $2.00 dividend. The ex-dividend date is 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 yield of 1.0%. Parker-Hannifin’s dividend payout ratio (DPR) is currently 29.51%.

Wall Street Analysts Forecast Growth

PH has been the topic of several research reports. Wells Fargo & Company reduced 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. Truist Financial set a $1,147.00 price target on Parker-Hannifin in a report on Friday, May 1st. Stifel Nicolaus boosted their price target on Parker-Hannifin from $965.00 to $1,000.00 and gave the stock a “hold” rating in a report on Friday, April 10th. Mizuho set a $1,050.00 price target on Parker-Hannifin in a report on Friday, May 1st. Finally, JPMorgan Chase & Co. reduced 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. 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 a consensus rating of “Moderate Buy” and a consensus price target 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.