Parker-Hannifin Corporation $PH Stake Lessened by SG Americas Securities LLC

SG Americas Securities LLC lessened its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 19.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 61,660 shares of the industrial products company’s stock after selling 14,821 shares during the quarter. SG Americas Securities LLC’s holdings in Parker-Hannifin were worth $55,200,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fideuram Asset Management Ireland dac acquired a new stake in Parker-Hannifin in the 4th quarter valued at about $1,253,000. Truist Financial Corp raised its holdings in shares of Parker-Hannifin by 2.7% in the 4th quarter. Truist Financial Corp now owns 174,852 shares of the industrial products company’s stock worth $153,687,000 after purchasing an additional 4,673 shares in the last quarter. Y.D. More Investments Ltd bought a new stake in shares of Parker-Hannifin in the 4th quarter worth approximately $3,800,000. BCS Wealth Management lifted its stake in Parker-Hannifin by 83.3% during the fourth quarter. BCS Wealth Management now owns 3,120 shares of the industrial products company’s stock valued at $2,742,000 after purchasing an additional 1,418 shares during the last quarter. Finally, Westfield Capital Management Co. LP acquired a new stake in Parker-Hannifin during the third quarter valued at approximately $5,437,000. Institutional investors own 82.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Sanford C. Bernstein began coverage on shares of Parker-Hannifin in a research report on Tuesday, June 9th. They issued an “outperform” rating and a $1,026.00 price target on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Parker-Hannifin in a research report on Tuesday, April 21st. Morgan Stanley raised their price objective on Parker-Hannifin from $945.00 to $1,038.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 24th. Citigroup restated a “buy” rating on shares of Parker-Hannifin in a report on Monday, June 8th. Finally, JPMorgan Chase & Co. cut their target price on Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating on the stock in a research 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 assigned a Hold rating to the stock. According to MarketBeat, Parker-Hannifin presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.05.

Parker-Hannifin Stock Performance

Parker-Hannifin stock opened at $962.38 on Tuesday. Parker-Hannifin Corporation has a fifty-two week low of $646.51 and a fifty-two week high of $1,034.96. The firm’s 50 day simple moving average is $909.15 and its 200-day simple moving average is $922.54. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.66. The company has a market cap of $121.34 billion, a P/E ratio of 35.50, a price-to-earnings-growth ratio of 2.77 and a beta of 1.14.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings results on Thursday, April 30th. The industrial products company reported $8.17 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 business had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.40 billion. During the same quarter in the prior year, the firm earned $6.94 EPS. The firm’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. As a group, equities research analysts predict that Parker-Hannifin Corporation will post 31.26 EPS for the current year.

Parker-Hannifin Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 8th were issued a $2.00 dividend. The ex-dividend date was Friday, May 8th. This is an increase from Parker-Hannifin’s previous quarterly dividend of $1.80. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.8%. Parker-Hannifin’s dividend payout ratio is currently 29.51%.

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.