Great Lakes Advisors LLC Sells 1,753 Shares of Parker-Hannifin Corporation $PH

Great Lakes Advisors LLC cut its holdings in Parker-Hannifin Corporation (NYSE:PH) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 193,864 shares of the industrial products company’s stock after selling 1,753 shares during the quarter. Parker-Hannifin accounts for 1.4% of Great Lakes Advisors LLC’s investment portfolio, making the stock its 12th largest holding. Great Lakes Advisors LLC’s holdings in Parker-Hannifin were worth $170,402,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Texas Capital Bancshares Inc TX acquired a new position in Parker-Hannifin in the third quarter valued at approximately $25,000. HFM Investment Advisors LLC lifted its stake in 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 valued at $29,000 after buying an additional 30 shares during the period. Lloyd Advisory Services LLC. acquired a new position in Parker-Hannifin in the fourth quarter valued at approximately $31,000. Ameriflex Group Inc. lifted its stake 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 buying an additional 33 shares during the period. Finally, Mowery & Schoenfeld Wealth Management LLC lifted its stake 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 buying an additional 16 shares during the period. 82.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on PH shares. Sanford C. Bernstein started coverage on Parker-Hannifin in a research note on Tuesday. They issued an “outperform” rating and a $1,026.00 price target on the stock. Wall Street Zen lowered Parker-Hannifin from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Mizuho set a $1,050.00 price target on Parker-Hannifin in a research note on Friday, May 1st. Morgan Stanley boosted their price target on Parker-Hannifin from $945.00 to $1,038.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 24th. Finally, BMO Capital Markets began coverage on Parker-Hannifin in a research note on Friday, March 27th. They issued an “outperform” rating and a $1,090.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,021.05.

Parker-Hannifin Trading Up 3.0%

NYSE PH opened at $902.07 on Friday. The company has a market cap of $113.74 billion, a price-to-earnings ratio of 33.27, a P/E/G ratio of 2.55 and a beta of 1.14. Parker-Hannifin Corporation has a 52 week low of $646.51 and a 52 week high of $1,034.96. The business has a 50 day moving average price of $907.83 and a 200-day moving average price of $918.43. 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 (NYSE:PH) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $8.17 EPS for the quarter, beating the consensus estimate of $7.84 by $0.33. The firm had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.40 billion. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $6.94 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. As a group, equities analysts expect that Parker-Hannifin Corporation will post 31.26 earnings per share for the current fiscal year.

Parker-Hannifin Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 8th were issued a dividend of $2.00 per share. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $1.80. This represents a $8.00 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Friday, May 8th. Parker-Hannifin’s dividend 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.