Havemeyer Place LP Makes New Investment in Parker-Hannifin Corporation $PH

Havemeyer Place LP purchased a new position in Parker-Hannifin Corporation (NYSE:PH) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 864 shares of the industrial products company’s stock, valued at approximately $759,000.

A number of other institutional investors have also bought and sold shares of the business. JFS Wealth Advisors LLC increased its stake in Parker-Hannifin by 6.8% in 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 in the last quarter. Avion Wealth grew its position in shares of Parker-Hannifin by 35.5% during the fourth quarter. Avion Wealth now owns 42 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 11 shares in the last quarter. 180 Wealth Advisors LLC grew its position in shares of Parker-Hannifin by 1.9% during the fourth quarter. 180 Wealth Advisors LLC now owns 652 shares of the industrial products company’s stock valued at $573,000 after purchasing an additional 12 shares in the last quarter. Altfest L J & Co. Inc. grew its position in shares of Parker-Hannifin by 4.4% during the fourth quarter. Altfest L J & Co. Inc. now owns 286 shares of the industrial products company’s stock valued at $251,000 after purchasing an additional 12 shares in the last quarter. Finally, Berkshire Asset Management LLC PA grew its position in shares of Parker-Hannifin by 1.1% during the third quarter. Berkshire Asset Management LLC PA now owns 1,208 shares of the industrial products company’s stock valued at $916,000 after purchasing an additional 13 shares in the last quarter. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Stock Down 0.1%

Shares of NYSE:PH opened at $881.80 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 0.66 and a debt-to-equity ratio of 0.46. Parker-Hannifin Corporation has a 12 month low of $646.51 and a 12 month high of $1,034.96. The company has a 50-day moving average price of $906.99 and a 200 day moving average price of $916.99. The company has a market cap of $111.19 billion, a price-to-earnings ratio of 32.53, a PEG ratio of 2.57 and a beta of 1.14.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $8.17 EPS for the quarter, beating 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 the consensus estimate of $5.40 billion. During the same quarter last year, the firm 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. As a group, equities research analysts predict 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. Investors of record on Friday, May 8th were issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, May 8th. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $1.80. Parker-Hannifin’s payout ratio is 29.51%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Weiss Ratings restated a “buy (b)” rating on shares of Parker-Hannifin in a research report on Tuesday, April 21st. Stifel Nicolaus raised their price objective on Parker-Hannifin from $965.00 to $1,000.00 and gave the company a “hold” rating in a research report on Friday, April 10th. 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 for the company. Wells Fargo & Company cut their price objective on Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating for the company in a research report on Tuesday, May 26th. Finally, Truist Financial set a $1,147.00 price objective on Parker-Hannifin in a research report on Friday, May 1st. Seventeen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,020.80.

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.