TD Asset Management Inc Sells 14,167 Shares of Parker-Hannifin Corporation $PH

TD Asset Management Inc decreased its position in Parker-Hannifin Corporation (NYSE:PH) by 5.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 226,851 shares of the industrial products company’s stock after selling 14,167 shares during the quarter. TD Asset Management Inc owned about 0.18% of Parker-Hannifin worth $199,393,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Fideuram Asset Management Ireland dac bought a new stake in Parker-Hannifin during the fourth quarter worth approximately $1,253,000. ING Groep NV bought a new stake in Parker-Hannifin during the third quarter worth approximately $26,398,000. Citigroup Inc. boosted its position in Parker-Hannifin by 54.7% during the third quarter. Citigroup Inc. now owns 158,668 shares of the industrial products company’s stock worth $120,294,000 after purchasing an additional 56,103 shares during the period. Advisors Capital Management LLC boosted its position in Parker-Hannifin by 140.0% during the third quarter. Advisors Capital Management LLC now owns 2,232 shares of the industrial products company’s stock worth $1,693,000 after purchasing an additional 1,302 shares during the period. Finally, Truist Financial Corp boosted its position in Parker-Hannifin by 2.7% during the fourth quarter. Truist Financial Corp now owns 174,852 shares of the industrial products company’s stock worth $153,687,000 after purchasing an additional 4,673 shares during the period. Institutional investors own 82.44% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on PH shares. Stifel Nicolaus upped their target price on Parker-Hannifin from $965.00 to $1,000.00 and gave the stock a “hold” rating in a research report on Friday, April 10th. Citigroup upped their target price on Parker-Hannifin from $1,137.00 to $1,141.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Wells Fargo & Company decreased their target price on Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating for the company in a research report on Tuesday, May 26th. Evercore set a $1,064.00 target price on Parker-Hannifin in a research report on Monday, May 11th. Finally, Morgan Stanley upped their target price on Parker-Hannifin from $945.00 to $1,038.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 24th. Seventeen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Parker-Hannifin has a consensus rating of “Moderate Buy” and an average target price of $1,020.80.

Parker-Hannifin Trading Up 2.6%

Shares of PH stock opened at $873.05 on Friday. Parker-Hannifin Corporation has a 1 year low of $646.51 and a 1 year high of $1,034.96. The firm’s fifty day simple moving average is $908.09 and its 200 day simple moving average is $916.10. The firm has a market capitalization of $110.08 billion, a P/E ratio of 32.20, a price-to-earnings-growth ratio of 2.47 and a beta of 1.14. 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 announced its earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.84 by $0.33. Parker-Hannifin had a net margin of 16.58% and a return on equity of 27.97%. The business had revenue of $5.49 billion for the quarter, compared to analyst estimates of $5.40 billion. During the same quarter in the previous year, the firm posted $6.94 earnings per share. Parker-Hannifin’s 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, sell-side analysts predict that Parker-Hannifin Corporation will post 31.26 EPS for the current year.

Parker-Hannifin Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 8th will be given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 0.9%. This is an increase from Parker-Hannifin’s previous quarterly dividend of $1.80. The ex-dividend date of this dividend is Friday, May 8th. Parker-Hannifin’s payout ratio is presently 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.