Parker-Hannifin Corporation $PH Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. decreased its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 2.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 324,164 shares of the industrial products company’s stock after selling 8,647 shares during the quarter. PNC Financial Services Group Inc. owned about 0.26% of Parker-Hannifin worth $284,927,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ING Groep NV acquired a new position in shares of Parker-Hannifin during the 3rd quarter valued at $26,398,000. Citigroup Inc. lifted its holdings in Parker-Hannifin by 54.7% in the 3rd quarter. Citigroup Inc. now owns 158,668 shares of the industrial products company’s stock worth $120,294,000 after buying an additional 56,103 shares in the last quarter. Wilkinson Global Asset Management LLC lifted its holdings in Parker-Hannifin by 28.2% in the 3rd quarter. Wilkinson Global Asset Management LLC now owns 48,434 shares of the industrial products company’s stock worth $36,720,000 after buying an additional 10,653 shares in the last quarter. Advisors Capital Management LLC lifted its holdings in Parker-Hannifin by 140.0% in the 3rd quarter. Advisors Capital Management LLC now owns 2,232 shares of the industrial products company’s stock worth $1,693,000 after buying an additional 1,302 shares in the last quarter. Finally, Truist Financial Corp lifted its holdings in 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 buying an additional 4,673 shares in the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Wall Street Analysts Forecast Growth

PH has been the topic of a number of recent analyst reports. BMO Capital Markets initiated coverage on shares of Parker-Hannifin in a report on Friday, March 27th. They issued an “outperform” rating and a $1,090.00 price objective on the stock. Morgan Stanley boosted their price objective 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. Robert W. Baird set a $1,050.00 price objective on shares of Parker-Hannifin in a report on Friday, January 30th. Truist Financial set a $1,147.00 price objective on shares of Parker-Hannifin in a report on Friday, May 1st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Parker-Hannifin in a report on Tuesday, April 21st. Seventeen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,022.30.

Parker-Hannifin Price Performance

PH opened at $852.23 on Wednesday. The company has a 50-day moving average of $921.52 and a 200-day moving average of $912.60. The company has a market capitalization of $107.57 billion, a P/E ratio of 31.44, a PEG ratio of 2.50 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 company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 1.13.

Parker-Hannifin (NYSE:PH) last released its earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share 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 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 revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $6.94 EPS. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. Equities analysts expect that Parker-Hannifin Corporation will post 31.26 EPS for the current fiscal year.

Parker-Hannifin Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 8th will be given a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, May 8th. This is an increase from Parker-Hannifin’s previous quarterly dividend of $1.80. Parker-Hannifin’s payout ratio is presently 29.51%.

Parker-Hannifin Company 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.