Engineers Gate Manager LP Acquires 43,063 Shares of Parker-Hannifin Corporation $PH

Engineers Gate Manager LP increased its position in Parker-Hannifin Corporation (NYSE:PH) by 3,872.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,175 shares of the industrial products company’s stock after buying an additional 43,063 shares during the period. Engineers Gate Manager LP’s holdings in Parker-Hannifin were worth $38,828,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Texas Capital Bancshares Inc TX purchased a new stake in shares of Parker-Hannifin in the third quarter worth about $25,000. HFM Investment Advisors LLC lifted its position in shares of Parker-Hannifin by 1,000.0% in the fourth quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company’s stock worth $29,000 after buying an additional 30 shares in the last quarter. Lloyd Advisory Services LLC. purchased a new stake in shares of Parker-Hannifin in the fourth quarter worth about $31,000. Ameriflex Group Inc. lifted its position in shares of Parker-Hannifin by 366.7% in the third quarter. Ameriflex Group Inc. now owns 42 shares of the industrial products company’s stock worth $32,000 after buying an additional 33 shares in the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC lifted its position in shares of Parker-Hannifin by 80.0% in the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company’s stock worth $32,000 after buying an additional 16 shares in the last quarter. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Parker-Hannifin Stock Up 0.9%

NYSE PH opened at $946.68 on Thursday. The company has a quick ratio of 0.66, a current ratio of 1.13 and a debt-to-equity ratio of 0.46. The company has a fifty day moving average of $908.95 and a two-hundred day moving average of $920.46. The firm has a market capitalization of $119.37 billion, a price-to-earnings ratio of 34.92, a PEG ratio of 2.73 and a beta of 1.14. Parker-Hannifin Corporation has a 52 week low of $646.51 and a 52 week high of $1,034.96.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $8.17 EPS for the quarter, topping the consensus estimate of $7.84 by $0.33. The company had revenue of $5.49 billion during the quarter, compared to analyst estimates of $5.40 billion. Parker-Hannifin had a net margin of 16.58% and a return on equity of 27.97%. Parker-Hannifin’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.94 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. On average, analysts predict that Parker-Hannifin Corporation will post 31.26 earnings per share for the current 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 paid a dividend of $2.00 per share. The ex-dividend date of this dividend was Friday, May 8th. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $1.80. This represents a $8.00 annualized dividend and a yield of 0.8%. Parker-Hannifin’s payout ratio is presently 29.51%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Sanford C. Bernstein assumed coverage on Parker-Hannifin in a research report on Tuesday, June 9th. They issued an “outperform” rating and a $1,026.00 target price on the stock. Wells Fargo & Company reduced their target price on shares of Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating on the stock in a report on Tuesday, May 26th. Citigroup restated a “buy” rating on shares of Parker-Hannifin in a report on Monday, June 8th. Morgan Stanley boosted their target price on shares of Parker-Hannifin from $945.00 to $1,038.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 24th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating on the stock in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.05.

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.