Parker-Hannifin Corporation $PH Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lowered its stake in Parker-Hannifin Corporation (NYSE:PH) by 8.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 38,205 shares of the industrial products company’s stock after selling 3,585 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Parker-Hannifin were worth $33,581,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. JFS Wealth Advisors LLC lifted its holdings in Parker-Hannifin by 6.8% during the 4th quarter. JFS Wealth Advisors LLC now owns 173 shares of the industrial products company’s stock worth $152,000 after buying an additional 11 shares during the last quarter. Avion Wealth lifted its holdings in Parker-Hannifin by 35.5% during the 4th quarter. Avion Wealth now owns 42 shares of the industrial products company’s stock worth $36,000 after buying an additional 11 shares during the last quarter. 180 Wealth Advisors LLC lifted its holdings in Parker-Hannifin by 1.9% during the 4th quarter. 180 Wealth Advisors LLC now owns 652 shares of the industrial products company’s stock worth $573,000 after buying an additional 12 shares during the last quarter. Altfest L J & Co. Inc. lifted its holdings in Parker-Hannifin by 4.4% during the 4th quarter. Altfest L J & Co. Inc. now owns 286 shares of the industrial products company’s stock worth $251,000 after buying an additional 12 shares during the last quarter. Finally, Berkshire Asset Management LLC PA lifted its holdings in Parker-Hannifin by 1.1% during the 3rd quarter. Berkshire Asset Management LLC PA now owns 1,208 shares of the industrial products company’s stock worth $916,000 after buying an additional 13 shares during the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Stifel Nicolaus increased their target price on Parker-Hannifin from $965.00 to $1,000.00 and gave the stock a “hold” rating in a report on Friday, April 10th. Wells Fargo & Company reduced their target price on Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating on the stock in a report on Tuesday, May 26th. Evercore set a $1,064.00 target price on Parker-Hannifin in a report on Monday, May 11th. Mizuho set a $1,050.00 target price on Parker-Hannifin in a report on Friday, May 1st. Finally, Truist Financial set a $1,147.00 target price on Parker-Hannifin in a report on Friday, May 1st. Seventeen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Parker-Hannifin currently has an average rating of “Moderate Buy” and a consensus target price of $1,020.80.

Parker-Hannifin Stock Up 1.3%

Shares of Parker-Hannifin stock opened at $883.20 on Friday. Parker-Hannifin Corporation has a 1-year low of $646.51 and a 1-year high of $1,034.96. The company has a market capitalization of $111.36 billion, a P/E ratio of 32.58, a PEG ratio of 2.54 and a beta of 1.14. The business’s fifty day moving average price is $907.35 and its two-hundred day moving average price is $915.87. 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 (NYSE:PH) last issued its quarterly earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, beating 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 company had revenue of $5.49 billion for the quarter, compared to analysts’ expectations of $5.40 billion. During the same period last year, the firm earned $6.94 EPS. The firm’s revenue for the quarter 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 31.26 EPS for the current year.

Parker-Hannifin Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 8th were given a dividend of $2.00 per share. This is a boost from Parker-Hannifin’s previous quarterly dividend of $1.80. The ex-dividend date was Friday, May 8th. This represents a $8.00 annualized dividend and a dividend yield of 0.9%. Parker-Hannifin’s payout ratio is 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.