Parker-Hannifin Corporation $PH Shares Sold by C WorldWide Group Holding A S

C WorldWide Group Holding A S cut its stake in Parker-Hannifin Corporation (NYSE:PH) by 25.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 284,201 shares of the industrial products company’s stock after selling 98,176 shares during the quarter. Parker-Hannifin makes up approximately 5.5% of C WorldWide Group Holding A S’s portfolio, making the stock its 7th largest holding. C WorldWide Group Holding A S’s holdings in Parker-Hannifin were worth $254,428,000 at the end of the most recent reporting period.

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

Parker-Hannifin Trading Up 0.6%

NYSE PH opened at $958.28 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.66. The stock has a market capitalization of $120.83 billion, a P/E ratio of 35.35, a PEG ratio of 2.54 and a beta of 1.11. The firm’s 50-day moving average is $911.34 and its two-hundred day moving average is $932.91. 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 released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.84 by $0.33. Parker-Hannifin had a net margin of 16.58% and a return on equity of 27.97%. The business had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.40 billion. During the same period in the previous year, the firm earned $6.94 EPS. The business’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. On average, sell-side analysts anticipate that Parker-Hannifin Corporation will post 31.26 earnings per share for the current year.

Parker-Hannifin Increases Dividend

The company also recently declared 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 is an increase from Parker-Hannifin’s previous quarterly dividend of $1.80. This represents a $8.00 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, May 8th. Parker-Hannifin’s dividend payout ratio (DPR) is 29.51%.

Analyst Ratings Changes

PH has been the topic of several recent analyst reports. Truist Financial boosted their target price on shares of Parker-Hannifin from $1,147.00 to $1,269.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. BMO Capital Markets started coverage on shares of Parker-Hannifin in a report on Friday, March 27th. They set an “outperform” rating and a $1,090.00 price target for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Parker-Hannifin in a research report on Tuesday, April 21st. Stifel Nicolaus upped their price objective on Parker-Hannifin from $965.00 to $1,000.00 and gave the company a “hold” rating in a report on Friday, April 10th. Finally, JPMorgan Chase & Co. lowered their price objective on Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating for the company in a research report on Thursday, May 7th. Eighteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Parker-Hannifin presently has an average rating of “Moderate Buy” and a consensus price target of $1,027.38.

Parker-Hannifin 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.