Qtron Investments LLC Sells 699 Shares of Parker-Hannifin Corporation $PH

Qtron Investments LLC trimmed its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 25.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,042 shares of the industrial products company’s stock after selling 699 shares during the period. Qtron Investments LLC’s holdings in Parker-Hannifin were worth $1,795,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fideuram Asset Management Ireland dac bought a new stake in shares of Parker-Hannifin in the 4th quarter worth about $1,253,000. Citigroup Inc. increased its holdings in shares of Parker-Hannifin by 54.7% in the 3rd quarter. Citigroup Inc. now owns 158,668 shares of the industrial products company’s stock worth $120,294,000 after buying an additional 56,103 shares during the last quarter. Truist Financial Corp increased its holdings in shares of Parker-Hannifin by 2.7% in the 4th quarter. Truist Financial Corp now owns 174,852 shares of the industrial products company’s stock worth $153,687,000 after buying an additional 4,673 shares during the last quarter. Advisors Capital Management LLC increased its holdings in shares of Parker-Hannifin by 140.0% in the 3rd quarter. Advisors Capital Management LLC now owns 2,232 shares of the industrial products company’s stock worth $1,693,000 after buying an additional 1,302 shares during the last quarter. Finally, 1776 Wealth LLC bought a new stake in shares of Parker-Hannifin in the 3rd quarter worth about $534,000. 82.44% of the stock is currently owned by institutional investors.

Parker-Hannifin Price Performance

PH stock opened at $902.07 on Friday. Parker-Hannifin Corporation has a 12 month low of $646.51 and a 12 month high of $1,034.96. 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 company has a 50-day moving average price of $907.83 and a 200 day moving average price of $918.43. The stock has a market cap of $113.74 billion, a PE ratio of 33.27, a P/E/G ratio of 2.55 and a beta of 1.14.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings results 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. Parker-Hannifin had a net margin of 16.58% and a return on equity of 27.97%. The firm had revenue of $5.49 billion during the quarter, compared to analysts’ expectations of $5.40 billion. During the same period in the previous year, the company earned $6.94 EPS. The firm’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. Equities research 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. Investors of record on Friday, May 8th were paid a dividend of $2.00 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.9%. This is a boost from Parker-Hannifin’s previous quarterly dividend of $1.80. Parker-Hannifin’s dividend payout ratio is presently 29.51%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Parker-Hannifin in a report on Tuesday, April 21st. Wall Street Zen downgraded shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Morgan Stanley boosted their target price on shares of Parker-Hannifin from $945.00 to $1,038.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 24th. Citigroup restated a “buy” rating on shares of Parker-Hannifin in a report on Monday. Finally, Mizuho set a $1,050.00 target price on shares of Parker-Hannifin in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,021.05.

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.