Parker-Hannifin Corporation $PH Shares Sold by Graham Capital Management L.P.

Graham Capital Management L.P. decreased its holdings in Parker-Hannifin Corporation (NYSE:PH) by 47.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,232 shares of the industrial products company’s stock after selling 3,768 shares during the quarter. Graham Capital Management L.P.’s holdings in Parker-Hannifin were worth $3,720,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Fideuram Asset Management Ireland dac purchased a new position in Parker-Hannifin during the 4th quarter worth approximately $1,253,000. Citigroup Inc. grew its position in Parker-Hannifin by 54.7% during the 3rd quarter. Citigroup Inc. now owns 158,668 shares of the industrial products company’s stock worth $120,294,000 after purchasing an additional 56,103 shares in the last quarter. Truist Financial Corp grew its position 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 worth $153,687,000 after purchasing an additional 4,673 shares in the last quarter. Advisors Capital Management LLC grew its position 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 worth $1,693,000 after purchasing an additional 1,302 shares in the last quarter. Finally, Y.D. More Investments Ltd purchased a new position in Parker-Hannifin during the 4th quarter worth approximately $3,800,000. Institutional investors and hedge funds own 82.44% of the company’s stock.

Parker-Hannifin Trading Up 2.1%

Parker-Hannifin stock opened at $937.82 on Wednesday. The company’s fifty day simple moving average is $908.24 and its 200-day simple moving average is $919.87. The company has a quick ratio of 0.66, a current ratio of 1.13 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 stock has a market cap of $118.25 billion, a P/E ratio of 34.59, a P/E/G ratio of 2.67 and a beta of 1.14.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported $8.17 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 business had revenue of $5.49 billion for the quarter, compared to analysts’ expectations of $5.40 billion. During the same period in the previous year, the company posted $6.94 EPS. Parker-Hannifin’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. As a group, sell-side analysts forecast that Parker-Hannifin Corporation will post 31.26 EPS for the current fiscal year.

Parker-Hannifin Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 8th were issued a dividend of $2.00 per share. The ex-dividend date was Friday, May 8th. This represents a $8.00 annualized dividend and a dividend yield of 0.9%. This is an increase from Parker-Hannifin’s previous quarterly dividend of $1.80. Parker-Hannifin’s dividend payout ratio is presently 29.51%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on PH shares. Stifel Nicolaus lifted their price objective on shares of 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 objective on shares of Parker-Hannifin in a research report on Friday, May 1st. Wells Fargo & Company lowered their price objective on shares of Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 26th. Wall Street Zen cut shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Finally, Evercore set a $1,064.00 price objective on shares of Parker-Hannifin in a research report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,021.05.

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.