Clearbridge Investments LLC Grows Holdings in Parker-Hannifin Corporation $PH

Clearbridge Investments LLC raised its position in Parker-Hannifin Corporation (NYSE:PH) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 304,051 shares of the industrial products company’s stock after purchasing an additional 7,255 shares during the period. Clearbridge Investments LLC’s holdings in Parker-Hannifin were worth $267,249,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. SouthState Bank Corp increased its stake in shares of Parker-Hannifin by 1.9% during the 4th quarter. SouthState Bank Corp now owns 35,834 shares of the industrial products company’s stock valued at $31,497,000 after acquiring an additional 685 shares during the last quarter. Syon Capital LLC increased its stake in shares of Parker-Hannifin by 1.9% during the 4th quarter. Syon Capital LLC now owns 2,151 shares of the industrial products company’s stock valued at $1,891,000 after acquiring an additional 41 shares during the last quarter. Capital World Investors increased its stake in shares of Parker-Hannifin by 0.6% during the 4th quarter. Capital World Investors now owns 2,600,844 shares of the industrial products company’s stock valued at $2,286,038,000 after acquiring an additional 16,703 shares during the last quarter. Capital International Inc. CA increased its stake in shares of Parker-Hannifin by 2.5% during the 4th quarter. Capital International Inc. CA now owns 27,788 shares of the industrial products company’s stock valued at $24,425,000 after acquiring an additional 669 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. increased its stake in shares of Parker-Hannifin by 1.5% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 2,365 shares of the industrial products company’s stock valued at $2,079,000 after acquiring an additional 35 shares during the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Parker-Hannifin Stock Up 1.3%

Shares of NYSE:PH opened at $883.20 on Friday. 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 52-week low of $646.51 and a 52-week high of $1,034.96. The company has a 50 day moving average of $907.35 and a two-hundred day moving average of $915.87. The company has a market capitalization of $111.36 billion, a price-to-earnings ratio of 32.58, a price-to-earnings-growth ratio of 2.57 and a beta of 1.14.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings data 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 company 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 company earned $6.94 earnings per share. Parker-Hannifin’s revenue for the quarter 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, analysts forecast that Parker-Hannifin Corporation will post 31.26 earnings per share for the current fiscal year.

Parker-Hannifin Increases Dividend

The company also recently disclosed 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 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 was Friday, May 8th. Parker-Hannifin’s dividend payout ratio is 29.51%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PH. Stifel Nicolaus upped their price objective on shares of Parker-Hannifin from $965.00 to $1,000.00 and gave the company a “hold” rating in a research note on Friday, April 10th. Citigroup upped their price objective on shares of Parker-Hannifin from $1,137.00 to $1,141.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Wall Street Zen downgraded shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Parker-Hannifin in a research note on Tuesday, April 21st. Finally, Wells Fargo & Company dropped their price objective on shares of Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating for the company in a research note on Tuesday, May 26th. Seventeen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Parker-Hannifin has an average rating of “Moderate Buy” and a consensus price target of $1,020.80.

About Parker-Hannifin

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.