Baader Bank Aktiengesellschaft Sells 1,057 Shares of Parker-Hannifin Corporation $PH

Baader Bank Aktiengesellschaft trimmed its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 75.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 341 shares of the industrial products company’s stock after selling 1,057 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Parker-Hannifin were worth $286,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Western Wealth Management LLC raised its stake in shares of Parker-Hannifin by 3.0% during the 4th quarter. Western Wealth Management LLC now owns 3,403 shares of the industrial products company’s stock valued at $2,991,000 after purchasing an additional 100 shares during the period. Catalyst Financial Partners LLC raised its stake in shares of Parker-Hannifin by 4.9% during the 4th quarter. Catalyst Financial Partners LLC now owns 531 shares of the industrial products company’s stock valued at $467,000 after purchasing an additional 25 shares during the period. Biltmore Family Office LLC raised its stake in shares of Parker-Hannifin by 18.1% during the 4th quarter. Biltmore Family Office LLC now owns 2,596 shares of the industrial products company’s stock valued at $2,282,000 after purchasing an additional 398 shares during the period. Summit Wealth Group LLC Co. bought a new stake in shares of Parker-Hannifin during the 4th quarter valued at $363,000. Finally, Ameritas Advisory Services LLC raised its stake in shares of Parker-Hannifin by 751.6% during the 4th quarter. Ameritas Advisory Services LLC now owns 1,814 shares of the industrial products company’s stock valued at $1,595,000 after purchasing an additional 1,601 shares during the period. 82.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PH. BMO Capital Markets began coverage on Parker-Hannifin in a research note on Friday, March 27th. They set an “outperform” rating and a $1,090.00 price objective on the stock. Evercore set a $1,064.00 target price on Parker-Hannifin in a research note on Monday. The Goldman Sachs Group restated a “buy” rating on shares of Parker-Hannifin in a research note on Thursday, January 29th. Robert W. Baird set a $1,050.00 target price on Parker-Hannifin in a research note on Friday, January 30th. Finally, Jefferies Financial Group upped their target price on Parker-Hannifin from $1,050.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Seventeen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,022.30.

Parker-Hannifin Trading Down 2.2%

Shares of PH stock opened at $861.31 on Friday. The stock has a market capitalization of $108.71 billion, a PE ratio of 31.77, a P/E/G ratio of 2.56 and a beta of 1.18. Parker-Hannifin Corporation has a 1-year low of $637.21 and a 1-year high of $1,034.96. The business has a 50-day moving average of $925.06 and a 200 day moving average of $910.46. 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 (NYSE:PH) last issued its earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share for the quarter, beating the consensus estimate of $7.84 by $0.33. The company had revenue of $5.49 billion during the quarter, compared to analysts’ expectations of $5.40 billion. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.Parker-Hannifin’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the business posted $6.94 EPS. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. As a group, sell-side analysts anticipate 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 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 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, May 8th. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $1.80. Parker-Hannifin’s dividend payout ratio is currently 29.51%.

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.