Parker-Hannifin Corporation $PH Shares Sold by Wesbanco Bank Inc.

Wesbanco Bank Inc. lessened its stake in Parker-Hannifin Corporation (NYSE:PH) by 6.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,101 shares of the industrial products company’s stock after selling 1,959 shares during the quarter. Wesbanco Bank Inc.’s holdings in Parker-Hannifin were worth $24,262,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PH. Fideuram Asset Management Ireland dac purchased a new stake in Parker-Hannifin during the 4th quarter worth approximately $1,253,000. Truist Financial Corp boosted its stake in shares of Parker-Hannifin by 2.7% during the 4th quarter. Truist Financial Corp now owns 174,852 shares of the industrial products company’s stock valued at $153,687,000 after buying an additional 4,673 shares during the last quarter. Y.D. More Investments Ltd purchased a new position in shares of Parker-Hannifin during the 4th quarter valued at approximately $3,800,000. BCS Wealth Management grew its position in shares of Parker-Hannifin by 83.3% during the fourth quarter. BCS Wealth Management now owns 3,120 shares of the industrial products company’s stock worth $2,742,000 after buying an additional 1,418 shares in the last quarter. Finally, Westfield Capital Management Co. LP acquired a new stake in shares of Parker-Hannifin during the third quarter worth approximately $5,437,000. Institutional investors and hedge funds own 82.44% of the company’s stock.

Parker-Hannifin Trading Down 2.2%

NYSE:PH opened at $967.92 on Friday. Parker-Hannifin Corporation has a 12-month low of $691.47 and a 12-month high of $1,034.96. The firm has a market capitalization of $122.05 billion, a P/E ratio of 35.70, a P/E/G ratio of 2.88 and a beta of 1.14. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.66. The business has a 50 day simple moving average of $908.10 and a 200 day simple moving average of $924.81.

Parker-Hannifin (NYSE:PH) last issued its earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share for the quarter, topping the consensus estimate of $7.84 by $0.33. The firm had revenue of $5.49 billion for the quarter, compared to analyst estimates of $5.40 billion. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the company earned $6.94 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. Equities research analysts predict 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 issued a $2.00 dividend. 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. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.8%. Parker-Hannifin’s dividend payout ratio is 29.51%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Truist Financial set a $1,147.00 price target on shares of Parker-Hannifin in a report on Friday, May 1st. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a research report on Tuesday, April 21st. Citigroup reissued a “buy” rating on shares of Parker-Hannifin in a research report on Monday, June 8th. Mizuho set a $1,050.00 price objective on Parker-Hannifin in a research note on Friday, May 1st. Finally, Evercore set a $1,064.00 target price on shares of Parker-Hannifin in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Parker-Hannifin presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.05.

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.