Huntington National Bank Sells 3,864 Shares of Parker-Hannifin Corporation $PH

Huntington National Bank cut its holdings in Parker-Hannifin Corporation (NYSE:PH) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 152,509 shares of the industrial products company’s stock after selling 3,864 shares during the quarter. Huntington National Bank’s holdings in Parker-Hannifin were worth $134,050,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. HFM Investment Advisors LLC grew its stake in shares of Parker-Hannifin by 1,000.0% in 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 during the last quarter. Texas Capital Bancshares Inc TX bought a new stake in shares of Parker-Hannifin in the third quarter worth about $25,000. Lloyd Advisory Services LLC. bought a new stake in shares of Parker-Hannifin in the fourth quarter worth about $31,000. Mowery & Schoenfeld Wealth Management LLC grew its stake in shares of Parker-Hannifin by 80.0% in 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 during the last quarter. Finally, Chilton Capital Management LLC bought a new stake in shares of Parker-Hannifin in the third quarter worth about $29,000. 82.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on PH. Barclays raised their target price on Parker-Hannifin from $990.00 to $1,020.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. JPMorgan Chase & Co. cut their target price on Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating on the stock in a research note on Thursday, May 7th. Robert W. Baird set a $1,050.00 price objective on Parker-Hannifin in a research report on Friday, January 30th. BMO Capital Markets assumed coverage on Parker-Hannifin in a research report on Friday, March 27th. They set an “outperform” rating and a $1,090.00 price objective on the stock. Finally, iA Financial set a $1,032.00 price objective on Parker-Hannifin in a research report on Thursday, January 29th. Seventeen equities research 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, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,020.80.

Parker-Hannifin Price Performance

PH stock opened at $856.32 on Thursday. The firm has a 50 day moving average price of $915.00 and a 200-day moving average price of $916.01. Parker-Hannifin Corporation has a 52-week low of $646.51 and a 52-week high of $1,034.96. The firm has a market capitalization of $107.97 billion, a price-to-earnings ratio of 31.59, a PEG ratio of 2.52 and a beta of 1.18. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 1.13.

Parker-Hannifin (NYSE:PH) last released 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. 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 analyst estimates of $5.40 billion. During the same period last year, the business earned $6.94 earnings per share. The business’s revenue was up 10.6% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. Equities research analysts forecast that Parker-Hannifin Corporation will post 31.26 EPS for the current fiscal year.

Parker-Hannifin Increases Dividend

The firm also recently announced 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. The ex-dividend date is Friday, May 8th. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $1.80. This represents a $8.00 annualized dividend and a dividend yield of 0.9%. Parker-Hannifin’s dividend payout ratio (DPR) is 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.