Bellwether Advisors LLC Takes Position in Parker-Hannifin Corporation $PH

by · The Markets Daily

Bellwether Advisors LLC acquired a new position in shares of Parker-Hannifin Corporation (NYSE:PH – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,883 shares of the industrial products company’s stock, valued at approximately $1,686,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Oslo Pensjonsforsikring AS acquired a new position in shares of Parker-Hannifin during the first quarter valued at about $320,000. Mathes Company Inc. raised its holdings in Parker-Hannifin by 1.5% during the 1st quarter. Mathes Company Inc. now owns 7,603 shares of the industrial products company’s stock worth $6,807,000 after purchasing an additional 110 shares during the last quarter. Baader Bank Aktiengesellschaft lifted its position in Parker-Hannifin by 15.5% during the 1st quarter. Baader Bank Aktiengesellschaft now owns 394 shares of the industrial products company’s stock valued at $324,000 after purchasing an additional 53 shares during the period. Andra AP fonden lifted its position in Parker-Hannifin by 90.3% during the 1st quarter. Andra AP fonden now owns 28,687 shares of the industrial products company’s stock valued at $25,682,000 after purchasing an additional 13,611 shares during the period. Finally, Wilkerson Advisory Group LLC boosted its stake in shares of Parker-Hannifin by 145.0% in the 1st quarter. Wilkerson Advisory Group LLC now owns 49 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 29 shares during the last quarter. Institutional investors own 82.44% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on PH shares. BMO Capital Markets began coverage on shares of Parker-Hannifin in a research note on Friday, March 27th. They set an “outperform” rating and a $1,090.00 price objective for the company. Truist Financial raised their price objective on Parker-Hannifin from $1,147.00 to $1,269.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Evercore set a $1,064.00 target price on shares of Parker-Hannifin in a report on Monday, May 11th. Stifel Nicolaus upped their price objective on shares of Parker-Hannifin from $965.00 to $1,000.00 and gave the stock a “hold” rating in a research report on Friday, April 10th. Finally, Citigroup reaffirmed a “buy” rating on shares of Parker-Hannifin in a research note on Monday, June 8th. Eighteen 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, Parker-Hannifin presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,027.38.

View Our Latest Report on PH

Parker-Hannifin Trading Up 0.9%

Shares of PH stock opened at $959.19 on Wednesday. The stock has a 50-day moving average of $915.89 and a 200-day moving average of $934.34. Parker-Hannifin Corporation has a 1-year low of $692.02 and a 1-year high of $1,034.96. The stock has a market cap of $120.94 billion, a price-to-earnings ratio of 35.38, a PEG ratio of 2.54 and a beta of 1.11. The company has a current ratio of 1.13, a quick ratio of 0.66 and a debt-to-equity ratio of 0.46.

Parker-Hannifin (NYSE:PH – Get Free Report) last released its earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share for the quarter, beating analysts’ consensus estimates 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 posted $6.94 EPS. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. On average, equities research analysts forecast that Parker-Hannifin Corporation will post 31.26 earnings per share for the current year.

Parker-Hannifin Increases Dividend

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

About Parker-Hannifin

(Free Report)

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.

Read More

Want to see what other hedge funds are holding PH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Parker-Hannifin Corporation (NYSE:PH – Free Report).