Parker-Hannifin Corporation $PH Shares Sold by Sustainable Insight Capital Management LLC

Sustainable Insight Capital Management LLC cut its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 35.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,845 shares of the industrial products company’s stock after selling 1,028 shares during the period. Sustainable Insight Capital Management LLC’s holdings in Parker-Hannifin were worth $1,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of PH. Norges Bank acquired a new stake in shares of Parker-Hannifin during the fourth quarter worth $1,756,230,000. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Parker-Hannifin during the fourth quarter worth $185,532,000. Capital World Investors lifted its holdings in shares of Parker-Hannifin by 7.0% during the third quarter. Capital World Investors now owns 2,584,141 shares of the industrial products company’s stock worth $1,959,166,000 after purchasing an additional 169,073 shares during the period. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Parker-Hannifin during the fourth quarter worth $104,040,000. Finally, California Public Employees Retirement System lifted its holdings in shares of Parker-Hannifin by 51.3% during the third quarter. California Public Employees Retirement System now owns 336,247 shares of the industrial products company’s stock worth $254,926,000 after purchasing an additional 114,008 shares during the period. 82.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PH has been the subject of several recent research reports. JPMorgan Chase & Co. decreased their price target on Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. Stifel Nicolaus increased their price target on Parker-Hannifin from $965.00 to $1,000.00 and gave the stock a “hold” rating in a report on Friday, April 10th. Wall Street Zen downgraded Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Truist Financial set a $1,147.00 price target on Parker-Hannifin in a report on Friday, May 1st. Finally, Sanford C. Bernstein initiated coverage on Parker-Hannifin in a report on Tuesday. They set an “outperform” rating and a $1,026.00 price target for the company. 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,021.05.

Parker-Hannifin Trading Up 3.0%

NYSE:PH opened at $902.07 on Friday. The stock has a fifty day moving average price of $907.83 and a two-hundred day moving average price of $918.43. The stock has a market capitalization of $113.74 billion, a price-to-earnings ratio of 33.27, a PEG ratio of 2.55 and a beta of 1.14. 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 Corporation has a 1 year low of $646.51 and a 1 year high of $1,034.96.

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, topping the consensus estimate of $7.84 by $0.33. The firm had revenue of $5.49 billion during the quarter, compared to analysts’ expectations of $5.40 billion. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.Parker-Hannifin’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.94 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. As a group, sell-side analysts anticipate that Parker-Hannifin Corporation will post 31.26 earnings per share for the current fiscal year.

Parker-Hannifin Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 8th were given a $2.00 dividend. The ex-dividend date 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 0.9%. Parker-Hannifin’s dividend payout ratio (DPR) is currently 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.