Invesco Ltd. Sells 194,648 Shares of Parker-Hannifin Corporation $PH

Invesco Ltd. lessened its position in Parker-Hannifin Corporation (NYSE:PH) by 8.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,105,493 shares of the industrial products company’s stock after selling 194,648 shares during the period. Invesco Ltd. owned approximately 1.67% of Parker-Hannifin worth $1,850,644,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. JFS Wealth Advisors LLC grew its position in Parker-Hannifin by 6.8% in the 4th quarter. JFS Wealth Advisors LLC now owns 173 shares of the industrial products company’s stock valued at $152,000 after purchasing an additional 11 shares during the period. Avion Wealth raised its holdings in Parker-Hannifin by 35.5% during the fourth quarter. Avion Wealth now owns 42 shares of the industrial products company’s stock worth $36,000 after buying an additional 11 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its stake in shares of Parker-Hannifin by 1.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 614 shares of the industrial products company’s stock valued at $540,000 after buying an additional 11 shares in the last quarter. Inspire Advisors LLC grew its holdings in shares of Parker-Hannifin by 1.2% during the fourth quarter. Inspire Advisors LLC now owns 917 shares of the industrial products company’s stock valued at $807,000 after buying an additional 11 shares during the last quarter. Finally, 180 Wealth Advisors LLC grew its holdings in shares of Parker-Hannifin by 1.9% during the fourth quarter. 180 Wealth Advisors LLC now owns 652 shares of the industrial products company’s stock valued at $573,000 after buying an additional 12 shares during the last quarter. 82.44% of the stock is owned by institutional investors and hedge funds.

Parker-Hannifin Stock Up 0.9%

Parker-Hannifin stock opened at $954.25 on Friday. Parker-Hannifin Corporation has a fifty-two week low of $646.51 and a fifty-two week high of $1,034.96. 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 firm’s 50-day simple moving average is $909.82 and its 200 day simple moving average is $921.12. The stock has a market cap of $120.32 billion, a PE ratio of 35.20, a price-to-earnings-growth ratio of 2.75 and a beta of 1.14.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data 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 net margin of 16.58% and a return on equity of 27.97%. The firm had revenue of $5.49 billion during the quarter, compared to analyst estimates of $5.40 billion. During the same quarter last year, the business posted $6.94 EPS. The company’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. Research analysts predict that Parker-Hannifin Corporation will post 31.26 EPS for the current fiscal year.

Parker-Hannifin Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 8th were issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, May 8th. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $1.80. Parker-Hannifin’s payout ratio is presently 29.51%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PH. 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 report on Tuesday, May 26th. Wall Street Zen lowered Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Truist Financial set a $1,147.00 price objective on Parker-Hannifin in a research note on Friday, May 1st. Weiss Ratings restated a “buy (b)” rating on shares of Parker-Hannifin in a report on Tuesday, April 21st. Finally, Stifel Nicolaus lifted their target price on Parker-Hannifin from $965.00 to $1,000.00 and gave the company a “hold” rating in a research report on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,021.05.

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.