Rathbones Group PLC Cuts Stock Holdings in Parker-Hannifin Corporation $PH

Rathbones Group PLC decreased its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 0.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 112,715 shares of the industrial products company’s stock after selling 630 shares during the period. Rathbones Group PLC’s holdings in Parker-Hannifin were worth $99,072,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Reliant Investment Partners LLC increased its position in Parker-Hannifin by 4.9% during the 4th quarter. Reliant Investment Partners LLC now owns 833 shares of the industrial products company’s stock valued at $732,000 after purchasing an additional 39 shares during the period. IFP Advisors Inc increased its position in Parker-Hannifin by 12.7% during the 4th quarter. IFP Advisors Inc now owns 7,575 shares of the industrial products company’s stock valued at $6,658,000 after purchasing an additional 854 shares during the period. Northbridge Financial Group LLC purchased a new position in Parker-Hannifin during the 4th quarter valued at about $1,500,000. Cullen Frost Bankers Inc. increased its position in Parker-Hannifin by 20.4% during the 4th quarter. Cullen Frost Bankers Inc. now owns 437 shares of the industrial products company’s stock valued at $384,000 after purchasing an additional 74 shares during the period. Finally, Hardy Reed LLC increased its position in Parker-Hannifin by 2.5% during the 4th quarter. Hardy Reed LLC now owns 1,499 shares of the industrial products company’s stock valued at $1,318,000 after purchasing an additional 36 shares during the period. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Analyst Upgrades and Downgrades

PH has been the topic of a number of research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a research report on Tuesday, April 21st. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Parker-Hannifin in a research report on Thursday, January 29th. Jefferies Financial Group lifted their price objective on shares of Parker-Hannifin from $1,050.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Truist Financial set a $1,147.00 price objective on shares of Parker-Hannifin in a research report on Friday, May 1st. Finally, Wall Street Zen raised shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a research report on Wednesday, February 4th. Seventeen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,022.30.

Parker-Hannifin Stock Up 0.7%

Shares of Parker-Hannifin stock opened at $858.24 on Thursday. The firm’s 50 day moving average price is $920.05 and its 200-day moving average price is $913.20. The company has a quick ratio of 0.66, a current ratio of 1.13 and a debt-to-equity ratio of 0.46. Parker-Hannifin Corporation has a 52-week low of $637.21 and a 52-week high of $1,034.96. The company has a market cap of $108.33 billion, a P/E ratio of 31.66, a PEG ratio of 2.48 and a beta of 1.18.

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 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%. Parker-Hannifin’s revenue was up 10.6% compared to the same quarter last year. 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. On average, sell-side analysts predict 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. Shareholders of record on Friday, May 8th will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $8.00 annualized dividend and a yield of 0.9%. This is a boost from Parker-Hannifin’s previous quarterly dividend of $1.80. Parker-Hannifin’s payout ratio is presently 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.