Havemeyer Place LP Acquires New Shares in Parker-Hannifin Corporation $PH

Havemeyer Place LP acquired a new stake in Parker-Hannifin Corporation (NYSE:PH) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 864 shares of the industrial products company’s stock, valued at approximately $759,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PH. Fideuram Asset Management Ireland dac purchased a new stake in Parker-Hannifin during the 4th quarter valued at $1,253,000. ING Groep NV purchased a new stake in Parker-Hannifin during the 3rd quarter valued at $26,398,000. Citigroup Inc. raised its stake in Parker-Hannifin by 54.7% during the 3rd quarter. Citigroup Inc. now owns 158,668 shares of the industrial products company’s stock valued at $120,294,000 after buying an additional 56,103 shares during the last quarter. Truist Financial Corp raised its stake in Parker-Hannifin by 2.7% during the 4th quarter. Truist Financial Corp now owns 174,852 shares of the industrial products company’s stock valued at $153,687,000 after buying an additional 4,673 shares during the last quarter. Finally, Advisors Capital Management LLC raised its stake in Parker-Hannifin by 140.0% during the 3rd quarter. Advisors Capital Management LLC now owns 2,232 shares of the industrial products company’s stock valued at $1,693,000 after buying an additional 1,302 shares during the last quarter. 82.44% of the stock is owned by institutional investors.

Parker-Hannifin Trading Down 0.1%

NYSE:PH opened at $881.80 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.66. The firm has a market capitalization of $111.19 billion, a price-to-earnings ratio of 32.53, a price-to-earnings-growth ratio of 2.57 and a beta of 1.14. Parker-Hannifin Corporation has a one year low of $646.51 and a one year high of $1,034.96. The business has a fifty day moving average price of $906.99 and a 200-day moving average price of $916.99.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $8.17 EPS for the quarter, topping the consensus estimate of $7.84 by $0.33. The firm had revenue of $5.49 billion during the quarter, compared to analyst estimates of $5.40 billion. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.Parker-Hannifin’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the business posted $6.94 EPS. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. Sell-side analysts forecast that Parker-Hannifin Corporation will post 31.26 EPS for the current year.

Parker-Hannifin Increases Dividend

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

Wall Street Analyst Weigh In

PH has been the subject of a number of research reports. Citigroup reiterated a “buy” rating on shares of Parker-Hannifin in a research note on Monday. Morgan Stanley boosted their target price on shares of Parker-Hannifin from $945.00 to $1,038.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 24th. Evercore set a $1,064.00 target price on shares of Parker-Hannifin in a research note on Monday, May 11th. Stifel Nicolaus upped their price objective on Parker-Hannifin from $965.00 to $1,000.00 and gave the stock a “hold” rating in a research note on Friday, April 10th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Parker-Hannifin in a research note on Tuesday, April 21st. Seventeen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Parker-Hannifin has an average rating of “Moderate Buy” and an average price target of $1,020.80.

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.