HighTower Advisors LLC Increases Stock Position in Parker-Hannifin Corporation $PH

HighTower Advisors LLC raised its holdings in Parker-Hannifin Corporation (NYSE:PH) by 1.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 71,926 shares of the industrial products company’s stock after purchasing an additional 746 shares during the quarter. HighTower Advisors LLC’s holdings in Parker-Hannifin were worth $63,220,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in shares of Parker-Hannifin by 5.9% during the 4th quarter. Brighton Jones LLC now owns 1,808 shares of the industrial products company’s stock worth $1,150,000 after acquiring an additional 101 shares in the last quarter. Bison Wealth LLC lifted its stake in Parker-Hannifin by 4.5% in the 4th quarter. Bison Wealth LLC now owns 749 shares of the industrial products company’s stock valued at $476,000 after buying an additional 32 shares in the last quarter. Empowered Funds LLC lifted its stake in Parker-Hannifin by 0.5% in the 1st quarter. Empowered Funds LLC now owns 2,894 shares of the industrial products company’s stock valued at $1,759,000 after buying an additional 15 shares in the last quarter. Acadian Asset Management LLC lifted its stake in Parker-Hannifin by 26.2% in the 1st quarter. Acadian Asset Management LLC now owns 799 shares of the industrial products company’s stock valued at $484,000 after buying an additional 166 shares in the last quarter. Finally, Sivia Capital Partners LLC lifted its stake in Parker-Hannifin by 3.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 430 shares of the industrial products company’s stock valued at $300,000 after buying an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus upped their target price on Parker-Hannifin from $965.00 to $1,000.00 and gave the company a “hold” rating in a research note on Friday, April 10th. Robert W. Baird set a $1,050.00 price target on Parker-Hannifin in a research note on Friday, January 30th. Mizuho set a $1,050.00 price target on Parker-Hannifin in a research note on Friday, May 1st. Truist Financial set a $1,147.00 price target on Parker-Hannifin in a research note on Friday, May 1st. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Parker-Hannifin in a research note on Thursday, January 29th. Seventeen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,022.30.

Parker-Hannifin Trading Up 0.7%

PH stock opened at $858.24 on Thursday. The company has a market cap of $108.33 billion, a price-to-earnings ratio of 31.66, a PEG ratio of 2.48 and a beta of 1.18. The company has a quick ratio of 0.66, a current ratio of 1.13 and a debt-to-equity ratio of 0.46. The business has a fifty day simple moving average of $920.05 and a 200-day simple moving average of $913.20. 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 EPS for the quarter, topping analysts’ consensus estimates of $7.84 by $0.33. The business had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.40 billion. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm posted $6.94 EPS. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. On average, equities research analysts expect that Parker-Hannifin Corporation will post 31.26 EPS for the current year.

Parker-Hannifin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders 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 payout ratio is currently 29.51%.

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.