UNIVEST FINANCIAL Corp Has $4.69 Million Stock Holdings in Parker-Hannifin Corporation $PH

UNIVEST FINANCIAL Corp lowered its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 9.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,243 shares of the industrial products company’s stock after selling 570 shares during the period. UNIVEST FINANCIAL Corp’s holdings in Parker-Hannifin were worth $4,694,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in PH. Fideuram Asset Management Ireland dac bought a new stake in Parker-Hannifin during the fourth quarter worth $1,253,000. Truist Financial Corp boosted its holdings in shares of Parker-Hannifin by 2.7% in the 4th quarter. Truist Financial Corp now owns 174,852 shares of the industrial products company’s stock worth $153,687,000 after buying an additional 4,673 shares during the last quarter. Y.D. More Investments Ltd bought a new position in Parker-Hannifin during the fourth quarter valued at about $3,800,000. BCS Wealth Management grew its position in Parker-Hannifin by 83.3% during the fourth quarter. BCS Wealth Management now owns 3,120 shares of the industrial products company’s stock valued at $2,742,000 after buying an additional 1,418 shares during the period. Finally, Shepherd Street Advisors LLC purchased a new stake in Parker-Hannifin during the fourth quarter worth about $1,736,000. 82.44% of the stock is currently owned by institutional investors.

Parker-Hannifin Trading Up 1.2%

Shares of PH stock traded up $11.79 during trading hours on Friday, reaching $960.96. The company’s stock had a trading volume of 440,476 shares, compared to its average volume of 586,866. The stock has a market capitalization of $121.16 billion, a P/E ratio of 35.45, a P/E/G ratio of 2.57 and a beta of 1.11. Parker-Hannifin Corporation has a one year low of $692.02 and a one year high of $1,034.96. The firm’s fifty day simple moving average is $906.28 and its 200 day simple moving average is $930.67. 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) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $8.17 earnings per share 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 business had revenue of $5.49 billion for the quarter, compared to analysts’ expectations of $5.40 billion. During the same period in the previous year, the firm posted $6.94 EPS. The business’s revenue was up 10.6% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. Equities research analysts expect that Parker-Hannifin Corporation will post 31.26 EPS for the current year.

Parker-Hannifin Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 8th were given a dividend of $2.00 per share. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $1.80. The ex-dividend date of this dividend was Friday, May 8th. This represents a $8.00 annualized dividend and a yield of 0.8%. Parker-Hannifin’s payout ratio is currently 29.51%.

Analyst Ratings Changes

Several analysts have commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. Weiss Ratings restated a “buy (b)” rating on shares of Parker-Hannifin in a research note on Tuesday, April 21st. Wall Street Zen cut shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Mizuho set a $1,050.00 price objective on Parker-Hannifin in a research note on Friday, May 1st. Finally, Truist Financial increased their price objective on Parker-Hannifin from $1,147.00 to $1,269.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,026.86.

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.