Cumberland Partners Ltd Sells 3,279 Shares of Parker-Hannifin Corporation $PH

Cumberland Partners Ltd reduced its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 31.1% in the first quarter, Holdings Channel.com reports. The fund owned 7,271 shares of the industrial products company’s stock after selling 3,279 shares during the quarter. Cumberland Partners Ltd’s holdings in Parker-Hannifin were worth $6,509,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of PH. Texas Capital Bancshares Inc TX bought a new stake in shares of Parker-Hannifin during the third quarter worth $25,000. HFM Investment Advisors LLC increased its stake in Parker-Hannifin by 1,000.0% in the 4th 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 during the period. Lloyd Advisory Services LLC. purchased a new position in Parker-Hannifin in the 4th quarter worth about $31,000. NFSG Corp lifted its holdings in Parker-Hannifin by 94.4% during the 1st quarter. NFSG Corp now owns 35 shares of the industrial products company’s stock valued at $31,000 after buying an additional 17 shares in the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC boosted its position in Parker-Hannifin by 80.0% in the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company’s stock valued at $32,000 after buying an additional 16 shares during the period. Institutional investors own 82.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Sanford C. Bernstein restated an “outperform” rating and issued a $1,037.00 target price on shares of Parker-Hannifin in a research note on Thursday, July 16th. Evercore set a $1,064.00 price target on Parker-Hannifin in a report on Monday, May 11th. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a research note on Friday, July 17th. Citigroup restated a “buy” rating on shares of Parker-Hannifin in a report on Monday, June 8th. Finally, Stifel Nicolaus upped their target price on Parker-Hannifin from $965.00 to $1,000.00 and gave the stock a “hold” rating in a report on Friday, April 10th. Eighteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,027.38.

Parker-Hannifin Trading Up 0.1%

NYSE:PH opened at $986.17 on Friday. Parker-Hannifin Corporation has a one year low of $692.02 and a one year high of $1,034.96. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 1.13. The firm has a market cap of $124.35 billion, a P/E ratio of 36.38, a P/E/G ratio of 2.63 and a beta of 1.11. The firm has a 50-day simple moving average of $922.26 and a 200-day simple moving average of $936.00.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.84 by $0.33. The firm had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.40 billion. Parker-Hannifin had a net margin of 16.58% and a return on equity of 27.97%. The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period last year, the firm earned $6.94 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. Equities analysts anticipate that Parker-Hannifin Corporation will post 31.26 EPS for the current fiscal year.

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.