Parker-Hannifin Corporation $PH Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lessened its holdings in Parker-Hannifin Corporation (NYSE:PH) by 42.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 7,957 shares of the industrial products company’s stock after selling 5,948 shares during the period. Leeward Investments LLC MA’s holdings in Parker-Hannifin were worth $6,994,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Simmons Bank lifted its stake in shares of Parker-Hannifin by 3.0% in the 4th quarter. Simmons Bank now owns 5,715 shares of the industrial products company’s stock valued at $5,023,000 after purchasing an additional 168 shares during the last quarter. Western Wealth Management LLC lifted its stake in shares of Parker-Hannifin by 3.0% in the 4th quarter. Western Wealth Management LLC now owns 3,403 shares of the industrial products company’s stock valued at $2,991,000 after purchasing an additional 100 shares during the last quarter. Catalyst Financial Partners LLC lifted its stake in shares of Parker-Hannifin by 4.9% in the 4th quarter. Catalyst Financial Partners LLC now owns 531 shares of the industrial products company’s stock valued at $467,000 after purchasing an additional 25 shares during the last quarter. Biltmore Family Office LLC lifted its stake in shares of Parker-Hannifin by 18.1% in the 4th quarter. Biltmore Family Office LLC now owns 2,596 shares of the industrial products company’s stock valued at $2,282,000 after purchasing an additional 398 shares during the last quarter. Finally, Summit Wealth Group LLC Co. acquired a new position in shares of Parker-Hannifin in the 4th quarter valued at $363,000. Institutional investors and hedge funds own 82.44% of the company’s stock.

Parker-Hannifin Trading Down 2.2%

Shares of PH stock opened at $861.31 on Friday. 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 stock has a market capitalization of $108.71 billion, a P/E ratio of 31.77, a price-to-earnings-growth ratio of 2.56 and a beta of 1.18. The company has a 50 day moving average price of $925.06 and a 200 day moving average price of $910.46. Parker-Hannifin Corporation has a fifty-two week low of $637.21 and a fifty-two week high of $1,034.96.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings data on Thursday, April 30th. The industrial products company reported $8.17 earnings per share for the quarter, beating analysts’ consensus estimates of $7.84 by $0.33. The firm had revenue of $5.49 billion during the quarter, compared to analysts’ expectations of $5.40 billion. Parker-Hannifin had a net margin of 16.58% and a return on equity of 27.97%. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.94 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. Equities 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 disclosed 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. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.9%. This is an increase from Parker-Hannifin’s previous quarterly dividend of $1.80. The ex-dividend date is Friday, May 8th. Parker-Hannifin’s dividend payout ratio (DPR) is presently 29.51%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on PH shares. iA Financial set a $1,032.00 price target on Parker-Hannifin in a research note on Thursday, January 29th. Jefferies Financial Group boosted their target price on Parker-Hannifin from $1,050.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Barclays boosted their target price on Parker-Hannifin from $990.00 to $1,020.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Evercore set a $1,064.00 target price on Parker-Hannifin in a research report on Monday. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Parker-Hannifin in a research report on Thursday, January 29th. Seventeen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,022.30.

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.