ProShare Advisors LLC Lowers Stock Holdings in Parker-Hannifin Corporation $PH

ProShare Advisors LLC reduced its holdings in Parker-Hannifin Corporation (NYSE:PH) by 3.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,142 shares of the industrial products company’s stock after selling 893 shares during the quarter. ProShare Advisors LLC’s holdings in Parker-Hannifin were worth $20,341,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in PH. Texas Capital Bancshares Inc TX acquired a new position in shares of Parker-Hannifin during the 3rd quarter valued at about $25,000. Chilton Capital Management LLC acquired a new stake in shares of Parker-Hannifin in the third quarter worth approximately $29,000. HFM Investment Advisors LLC boosted its position in shares of Parker-Hannifin by 1,000.0% in the fourth quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 30 shares during the last quarter. Ameriflex Group Inc. grew its holdings in Parker-Hannifin by 366.7% in the third quarter. Ameriflex Group Inc. now owns 42 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 33 shares during the period. Finally, Mowery & Schoenfeld Wealth Management LLC grew its holdings in Parker-Hannifin by 80.0% in the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 16 shares during the period. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PH shares. KeyCorp reiterated an “overweight” rating and issued a $1,100.00 price target on shares of Parker-Hannifin in a report on Friday, January 30th. Evercore set a $1,064.00 price objective on Parker-Hannifin in a report on Monday, May 11th. Morgan Stanley lifted their target price on Parker-Hannifin from $945.00 to $1,038.00 and gave the company an “equal weight” rating in a report on Tuesday, February 24th. Wells Fargo & Company lowered their price target on Parker-Hannifin from $1,050.00 to $980.00 and set an “overweight” rating for the company in a research report on Wednesday, April 1st. Finally, JPMorgan Chase & Co. dropped their price target on Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. Seventeen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,022.30.

Parker-Hannifin Stock Performance

NYSE:PH opened at $858.24 on Thursday. The company has a current ratio of 1.13, a quick ratio of 0.66 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $108.33 billion, a price-to-earnings ratio of 31.66, a PEG ratio of 2.48 and a beta of 1.18. The firm’s fifty day simple moving average is $920.05 and its 200 day simple moving average is $913.20. Parker-Hannifin Corporation has a twelve month low of $637.21 and a twelve month high of $1,034.96.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.84 by $0.33. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The firm had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.40 billion. During the same period in the prior year, the firm earned $6.94 EPS. The firm’s quarterly revenue 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. As a group, equities research analysts expect that Parker-Hannifin Corporation will post 31.26 earnings per share 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 paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.9%. This is an increase from Parker-Hannifin’s previous quarterly dividend of $1.80. The ex-dividend date is Friday, May 8th. Parker-Hannifin’s payout ratio is 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.