Thrivent Financial for Lutherans Sells 20,421 Shares of Parker-Hannifin Corporation $PH

Thrivent Financial for Lutherans lessened its holdings in Parker-Hannifin Corporation (NYSE:PH) by 7.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 244,547 shares of the industrial products company’s stock after selling 20,421 shares during the period. Thrivent Financial for Lutherans’ holdings in Parker-Hannifin were worth $214,951,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. JFS Wealth Advisors LLC increased its holdings in Parker-Hannifin by 6.8% in the 4th quarter. JFS Wealth Advisors LLC now owns 173 shares of the industrial products company’s stock valued at $152,000 after buying an additional 11 shares during the period. Avion Wealth grew its holdings in shares of Parker-Hannifin by 35.5% in the 4th quarter. Avion Wealth now owns 42 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 11 shares during the last quarter. 180 Wealth Advisors LLC grew its holdings in shares of Parker-Hannifin by 1.9% in the 4th quarter. 180 Wealth Advisors LLC now owns 652 shares of the industrial products company’s stock worth $573,000 after purchasing an additional 12 shares during the last quarter. Altfest L J & Co. Inc. grew its holdings in shares of Parker-Hannifin by 4.4% in the 4th quarter. Altfest L J & Co. Inc. now owns 286 shares of the industrial products company’s stock worth $251,000 after purchasing an additional 12 shares during the last quarter. Finally, Berkshire Asset Management LLC PA grew its holdings in shares of Parker-Hannifin by 1.1% in the 3rd quarter. Berkshire Asset Management LLC PA now owns 1,208 shares of the industrial products company’s stock worth $916,000 after purchasing an additional 13 shares during the last quarter. Institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Stock Down 0.2%

Shares of NYSE PH opened at $880.51 on Friday. The firm’s 50-day simple moving average is $927.57 and its 200 day simple moving average is $910.81. The company has a market cap of $111.14 billion, a price-to-earnings ratio of 32.48, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18. 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 12-month low of $637.21 and a 12-month high of $1,034.96.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings results 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 business 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 firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.94 EPS. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. On average, research analysts expect that Parker-Hannifin Corporation will post 31.2 earnings per share for the current fiscal year.

Parker-Hannifin Increases Dividend

The firm 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. This represents a $8.00 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, May 8th. This is a boost from Parker-Hannifin’s previous quarterly dividend of $1.80. Parker-Hannifin’s dividend payout ratio is currently 29.51%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on PH shares. Robert W. Baird set a $1,050.00 target price on shares of Parker-Hannifin in a report on Friday, January 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Parker-Hannifin in a report on Tuesday, April 21st. Wells Fargo & Company lowered their target price on shares of Parker-Hannifin from $1,050.00 to $980.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st. Morgan Stanley upped their target price 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. Finally, Stifel Nicolaus upped their target price on shares of Parker-Hannifin from $965.00 to $1,000.00 and gave the stock a “hold” rating in a report on Friday, April 10th. Seventeen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,022.30.

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.