Parker-Hannifin Corporation $PH Shares Bought by Ethic Inc.

Ethic Inc. lifted its stake in Parker-Hannifin Corporation (NYSE:PH) by 11.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 14,055 shares of the industrial products company’s stock after acquiring an additional 1,439 shares during the quarter. Ethic Inc.’s holdings in Parker-Hannifin were worth $12,354,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Texas Capital Bancshares Inc TX acquired a new position in Parker-Hannifin during the 3rd quarter worth approximately $25,000. Chilton Capital Management LLC acquired a new stake in Parker-Hannifin in the third quarter valued at approximately $29,000. Ameriflex Group Inc. raised its stake in shares of Parker-Hannifin by 366.7% during the third quarter. Ameriflex Group Inc. now owns 42 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 33 shares during the period. Mowery & Schoenfeld Wealth Management LLC lifted its position in shares of Parker-Hannifin by 80.0% during the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 16 shares in the last quarter. Finally, Morse Asset Management Inc lifted its position in shares of Parker-Hannifin by 164.7% during the third quarter. Morse Asset Management Inc now owns 45 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 28 shares in the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Insider Activity

In related news, CFO Todd M. Leombruno sold 2,062 shares of the stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $1,002.34, for a total value of $2,066,825.08. Following the sale, the chief financial officer owned 20,610 shares of the company’s stock, valued at $20,658,227.40. This trade represents a 9.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Andrew D. Ross sold 4,664 shares of Parker-Hannifin stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $999.00, for a total transaction of $4,659,336.00. Following the completion of the sale, the chief operating officer owned 13,120 shares in the company, valued at approximately $13,106,880. This represents a 26.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.32% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a report on Wednesday, February 4th. Truist Financial set a $1,147.00 price objective on shares of Parker-Hannifin in a research report on Friday, May 1st. Wells Fargo & Company dropped their target price on Parker-Hannifin from $1,050.00 to $980.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 1st. Morgan Stanley boosted their price target on Parker-Hannifin from $945.00 to $1,038.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 24th. Finally, Barclays increased their price target on Parker-Hannifin from $990.00 to $1,020.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Seventeen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,010.45.

Parker-Hannifin Stock Down 1.0%

NYSE:PH opened at $878.24 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.66 and a debt-to-equity ratio of 0.46. The stock has a 50 day moving average of $940.31 and a 200-day moving average of $906.44. The firm has a market capitalization of $110.85 billion, a PE ratio of 32.40, a price-to-earnings-growth ratio of 2.84 and a beta of 1.18. Parker-Hannifin Corporation has a 52 week low of $637.21 and a 52 week high of $1,034.96.

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 analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $5.40 billion. During the same quarter in the previous year, the firm posted $6.94 EPS. The business’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. Analysts predict that Parker-Hannifin Corporation will post 31.15 EPS for the current year.

Parker-Hannifin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 8th will be 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 0.9%. The ex-dividend date is Friday, May 8th. Parker-Hannifin’s payout ratio is currently 26.56%.

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.