LPL Financial LLC Reduces Holdings in Parker-Hannifin Corporation $PH

LPL Financial LLC trimmed its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 5.7% in the 4th quarter, Holdings Channel reports. The firm owned 162,552 shares of the industrial products company’s stock after selling 9,783 shares during the period. LPL Financial LLC’s holdings in Parker-Hannifin were worth $142,877,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. HFM Investment Advisors LLC increased its position in shares of Parker-Hannifin by 1,000.0% during the fourth quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 30 shares in the last quarter. Texas Capital Bancshares Inc TX purchased a new stake in shares of Parker-Hannifin during the third quarter worth approximately $25,000. Lloyd Advisory Services LLC. purchased a new stake in shares of Parker-Hannifin during the fourth quarter worth approximately $31,000. Mowery & Schoenfeld Wealth Management LLC increased its position in shares of Parker-Hannifin by 80.0% during the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 16 shares in the last quarter. Finally, First Command Advisory Services Inc. increased its position in shares of Parker-Hannifin by 1,133.3% during the fourth quarter. First Command Advisory Services Inc. now owns 37 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 34 shares in the last quarter. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Evercore set a $1,064.00 price target on Parker-Hannifin in a research report on Monday, May 11th. Citigroup reiterated a “buy” rating on shares of Parker-Hannifin in a research report on Monday. Stifel Nicolaus boosted their price target on Parker-Hannifin from $965.00 to $1,000.00 and gave the stock a “hold” rating in a research report on Friday, April 10th. Mizuho set a $1,050.00 price target on Parker-Hannifin in a research report on Friday, May 1st. Finally, Sanford C. Bernstein assumed coverage on Parker-Hannifin in a report on Tuesday. They issued an “outperform” rating and a $1,026.00 target price for the company. Eighteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.05.

Parker-Hannifin Stock Down 3.2%

Shares of NYSE:PH opened at $876.58 on Thursday. 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 moving average of $907.66 and a two-hundred day moving average of $917.99. The stock has a market cap of $110.52 billion, a P/E ratio of 32.33, a PEG ratio of 2.63 and a beta of 1.14. Parker-Hannifin Corporation has a 52-week low of $646.51 and a 52-week high of $1,034.96.

Parker-Hannifin (NYSE:PH) last issued its 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. The company had revenue of $5.49 billion during the quarter, compared to analysts’ expectations of $5.40 billion. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the business earned $6.94 EPS. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. On average, research analysts expect that Parker-Hannifin Corporation will post 31.26 earnings per share for the current year.

Parker-Hannifin Increases Dividend

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