Madison Asset Management LLC Decreases Holdings in Parker-Hannifin Corporation $PH

Madison Asset Management LLC trimmed its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 9.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 98,952 shares of the industrial products company’s stock after selling 10,293 shares during the quarter. Madison Asset Management LLC owned 0.08% of Parker-Hannifin worth $86,974,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Parker-Hannifin by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 11,142,535 shares of the industrial products company’s stock worth $9,793,843,000 after buying an additional 33,606 shares during the last quarter. Procyon Advisors LLC grew its position in Parker-Hannifin by 158,565.9% in the third quarter. Procyon Advisors LLC now owns 5,069,374 shares of the industrial products company’s stock worth $3,843,346,000 after buying an additional 5,066,179 shares during the last quarter. Bank of America Corp DE boosted its stake in Parker-Hannifin by 0.6% in the 3rd quarter. Bank of America Corp DE now owns 3,904,591 shares of the industrial products company’s stock worth $2,960,266,000 after purchasing an additional 22,706 shares during the period. Capital World Investors boosted its position in Parker-Hannifin by 7.0% during the 3rd quarter. Capital World Investors now owns 2,584,141 shares of the industrial products company’s stock worth $1,959,166,000 after acquiring an additional 169,073 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in shares of Parker-Hannifin by 0.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,207,996 shares of the industrial products company’s stock valued at $1,674,132,000 after acquiring an additional 13,309 shares in the last quarter. Institutional investors own 82.44% of the company’s stock.

Wall Street Analyst Weigh In

PH has been the subject of a number of analyst reports. Robert W. Baird set a $1,050.00 price target on Parker-Hannifin in a research report on Friday, January 30th. Truist Financial set a $1,147.00 target price on shares of Parker-Hannifin in a research report on Friday, May 1st. Wall Street Zen raised shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a research note on Wednesday, February 4th. Evercore set a $1,064.00 price target on Parker-Hannifin in a research report on Monday. Finally, KeyCorp reissued an “overweight” rating and set a $1,100.00 price target on shares of Parker-Hannifin in a research report on Friday, January 30th. Seventeen 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.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,022.30.

Parker-Hannifin Stock Performance

Shares of PH stock opened at $881.61 on Wednesday. The stock has a market capitalization of $111.28 billion, a PE ratio of 32.52, a PEG ratio of 2.80 and a beta of 1.18. The business’s 50 day simple moving average is $932.29 and its 200 day simple moving average is $909.23. 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 Corporation has a one year low of $637.21 and a one year high of $1,034.96.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $8.17 earnings per share for the quarter, topping 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 firm had revenue of $5.49 billion during the quarter, compared to analyst estimates of $5.40 billion. During the same period last year, the company posted $6.94 EPS. The business’s quarterly 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 31.2 earnings per share for the current year.

Parker-Hannifin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 8th will be issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, May 8th. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $1.80. Parker-Hannifin’s dividend payout ratio (DPR) is currently 29.51%.

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.