Hendley & Co. Inc. Reduces Stake in Parker-Hannifin Corporation $PH

Hendley & Co. Inc. cut its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 43.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,759 shares of the industrial products company’s stock after selling 8,218 shares during the quarter. Parker-Hannifin comprises 3.6% of Hendley & Co. Inc.’s investment portfolio, making the stock its 8th largest holding. Hendley & Co. Inc.’s holdings in Parker-Hannifin were worth $9,632,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. HFM Investment Advisors LLC increased its position in 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 acquiring an additional 30 shares during the period. Texas Capital Bancshares Inc TX bought a new stake in Parker-Hannifin in the 3rd quarter valued at $25,000. Lloyd Advisory Services LLC. acquired a new stake in Parker-Hannifin in the 4th quarter worth $31,000. Mowery & Schoenfeld Wealth Management LLC grew its position in Parker-Hannifin by 80.0% in the 4th 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, First Command Advisory Services Inc. increased its holdings in shares of Parker-Hannifin by 1,133.3% during the 4th 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 during the period. 82.44% of the stock is owned by institutional investors.

Parker-Hannifin Stock Performance

NYSE:PH opened at $962.38 on Tuesday. The firm has a market capitalization of $121.34 billion, a PE ratio of 35.50, a price-to-earnings-growth ratio of 2.77 and a beta of 1.14. 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 firm has a 50-day moving average price of $909.15 and a 200 day moving average price of $922.54.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $8.17 earnings per share for the quarter, beating analysts’ consensus estimates of $7.84 by $0.33. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The company had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.40 billion. During the same period in the previous year, the business earned $6.94 earnings per share. The company’s quarterly 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. Research analysts anticipate that Parker-Hannifin Corporation will post 31.26 earnings per share for the current fiscal year.

Parker-Hannifin Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 8th were given a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.8%. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $1.80. The ex-dividend date was Friday, May 8th. Parker-Hannifin’s dividend payout ratio (DPR) is currently 29.51%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Citigroup reiterated a “buy” rating on shares of Parker-Hannifin in a research note on Monday, June 8th. JPMorgan Chase & Co. lowered their price target 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. Stifel Nicolaus upped their price target on Parker-Hannifin from $965.00 to $1,000.00 and gave the company a “hold” rating in a report on Friday, April 10th. Evercore set a $1,064.00 price objective on Parker-Hannifin in a research report on Monday, May 11th. Finally, Mizuho set a $1,050.00 price objective on Parker-Hannifin in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Parker-Hannifin has an average rating of “Moderate Buy” and an average target price of $1,021.05.

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.