Calamos Advisors LLC Purchases 1,003 Shares of Parker-Hannifin Corporation $PH

Calamos Advisors LLC raised its holdings in Parker-Hannifin Corporation (NYSE:PH) by 3.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 31,028 shares of the industrial products company’s stock after buying an additional 1,003 shares during the period. Calamos Advisors LLC’s holdings in Parker-Hannifin were worth $27,778,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in PH. Texas Capital Bancshares Inc TX bought a new stake in shares of Parker-Hannifin in the 3rd quarter valued at about $25,000. HFM Investment Advisors LLC lifted its holdings in Parker-Hannifin by 1,000.0% during the 4th quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 30 shares during the last quarter. Lloyd Advisory Services LLC. bought a new stake in shares of Parker-Hannifin in the fourth quarter valued at about $31,000. Mowery & Schoenfeld Wealth Management LLC boosted its holdings in Parker-Hannifin by 80.0% in the 4th 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. Finally, First Command Advisory Services Inc. boosted its stake in shares of Parker-Hannifin by 1,133.3% in the fourth quarter. First Command Advisory Services Inc. now owns 37 shares of the industrial products company’s stock valued at $33,000 after buying an additional 34 shares during the period. Institutional investors own 82.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PH. Truist Financial increased their price objective on shares of 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. Weiss Ratings restated a “buy (b)” rating on shares of Parker-Hannifin in a research report on Tuesday, April 21st. Wall Street Zen cut shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. BMO Capital Markets initiated coverage on Parker-Hannifin in a research note on Friday, March 27th. They issued an “outperform” rating and a $1,090.00 price target for the company. Finally, Stifel Nicolaus lifted their target price on shares of Parker-Hannifin from $965.00 to $1,000.00 and gave the stock a “hold” rating in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Parker-Hannifin currently has a consensus rating of “Moderate Buy” and an average price target of $1,026.86.

Parker-Hannifin Trading Down 1.1%

NYSE PH opened at $951.14 on Tuesday. 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 business has a fifty day simple moving average of $907.10 and a 200 day simple moving average of $931.43. Parker-Hannifin Corporation has a 12 month low of $692.02 and a 12 month high of $1,034.96. The firm has a market capitalization of $119.93 billion, a P/E ratio of 35.08, a PEG ratio of 2.57 and a beta of 1.11.

Parker-Hannifin (NYSE:PH) last released its 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 company had revenue of $5.49 billion during the quarter, compared to analyst estimates of $5.40 billion. During the same period in the prior year, the company posted $6.94 earnings per share. Parker-Hannifin’s quarterly 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. On average, analysts predict that Parker-Hannifin Corporation will post 31.26 EPS for the current fiscal year.

Parker-Hannifin Increases Dividend

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

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.