Parker-Hannifin Corporation $PH Shares Bought by Horizon Investments LLC

Horizon Investments LLC grew its stake in Parker-Hannifin Corporation (NYSE:PHFree Report) by 78.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,829 shares of the industrial products company’s stock after buying an additional 3,892 shares during the quarter. Horizon Investments LLC’s holdings in Parker-Hannifin were worth $7,760,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PH. Texas Capital Bancshares Inc TX purchased a new stake in shares of Parker-Hannifin during the third quarter worth approximately $25,000. Chilton Capital Management LLC purchased a new position in Parker-Hannifin in the third quarter worth approximately $29,000. Ameriflex Group Inc. grew its holdings in Parker-Hannifin by 366.7% during the 3rd quarter. Ameriflex Group Inc. now owns 42 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 33 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC grew its holdings in Parker-Hannifin by 80.0% during the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 16 shares in the last quarter. Finally, Morse Asset Management Inc increased its position in shares of Parker-Hannifin by 164.7% in the 3rd quarter. Morse Asset Management Inc now owns 45 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 28 shares during the last quarter. 82.44% of the stock is owned by institutional investors and hedge funds.

Key Parker-Hannifin News

Here are the key news stories impacting Parker-Hannifin this week:

Insider Buying and Selling

In other Parker-Hannifin news, COO Andrew D. Ross sold 4,664 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $999.00, for a total value of $4,659,336.00. Following the completion of the sale, the chief operating officer owned 13,120 shares in the company, valued at approximately $13,106,880. The trade was a 26.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Berend Bracht sold 1,457 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $946.48, for a total transaction of $1,379,021.36. Following the transaction, the vice president owned 2,580 shares in the company, valued at approximately $2,441,918.40. This trade represents a 36.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 10,063 shares of company stock valued at $9,891,214 in the last 90 days. Company insiders own 0.32% of the company’s stock.

Parker-Hannifin Stock Performance

NYSE PH opened at $881.74 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.66. Parker-Hannifin Corporation has a 1 year low of $608.31 and a 1 year high of $1,034.96. The company has a market capitalization of $111.29 billion, a PE ratio of 32.52, a P/E/G ratio of 2.84 and a beta of 1.18. The company has a fifty day moving average of $948.12 and a two-hundred day moving average of $901.99.

Parker-Hannifin (NYSE:PHGet Free Report) last posted its earnings results on Thursday, April 30th. The industrial products company reported $8.17 EPS for the quarter, topping 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 business had revenue of $5.49 billion for the quarter, compared to analysts’ expectations of $5.40 billion. During the same quarter in the previous year, the firm earned $6.94 earnings per share. The business’s revenue 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, analysts expect that Parker-Hannifin Corporation will post 31.09 earnings per share for the current year.

Parker-Hannifin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 8th will be given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 0.9%. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $1.80. The ex-dividend date of this dividend is Friday, May 8th. Parker-Hannifin’s dividend payout ratio is presently 26.26%.

Analyst Ratings Changes

PH has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a report on Wednesday, February 4th. Jefferies Financial Group increased their price objective on Parker-Hannifin from $1,050.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday, January 30th. KeyCorp reissued an “overweight” rating and set a $1,100.00 target price on shares of Parker-Hannifin in a research report on Friday, January 30th. Citigroup boosted their target price on Parker-Hannifin from $1,137.00 to $1,141.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Barclays upped their price target on Parker-Hannifin from $990.00 to $1,020.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Seventeen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,012.45.

Check Out Our Latest Analysis on Parker-Hannifin

Parker-Hannifin Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding PH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Parker-Hannifin Corporation (NYSE:PHFree Report).

Institutional Ownership by Quarter for Parker-Hannifin (NYSE:PH)

Receive News & Ratings for Parker-Hannifin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Parker-Hannifin and related companies with MarketBeat.com's FREE daily email newsletter.