1,648 Shares in Parker-Hannifin Corporation $PH Acquired by CenterBook Partners LP

CenterBook Partners LP purchased a new position in Parker-Hannifin Corporation (NYSE:PH) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,648 shares of the industrial products company’s stock, valued at approximately $1,449,000.

Other institutional investors and hedge funds have also modified their holdings of the company. HFM Investment Advisors LLC grew its holdings in shares of Parker-Hannifin by 1,000.0% in the 4th quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 30 shares during the period. Texas Capital Bancshares Inc TX purchased a new stake in Parker-Hannifin in the 3rd quarter valued at approximately $25,000. Lloyd Advisory Services LLC. purchased a new stake in Parker-Hannifin in the 4th quarter valued at approximately $31,000. Mowery & Schoenfeld Wealth Management LLC lifted its stake 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 buying an additional 16 shares in the last quarter. Finally, First Command Advisory Services Inc. lifted its stake in Parker-Hannifin by 1,133.3% in the 4th 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 in the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Parker-Hannifin Trading Down 3.2%

Shares of Parker-Hannifin stock opened at $876.58 on Thursday. Parker-Hannifin Corporation has a fifty-two week low of $646.51 and a fifty-two week high of $1,034.96. The firm has a market cap of $110.52 billion, a PE ratio of 32.33, a P/E/G ratio of 2.63 and a beta of 1.14. The business’s fifty day moving average is $907.66 and its two-hundred day moving average is $917.99. 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 issued its quarterly earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $5.40 billion. During the same quarter in the prior year, the company posted $6.94 EPS. The business’s revenue for the quarter 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. Analysts anticipate that Parker-Hannifin Corporation will post 31.26 earnings per share for the current year.

Parker-Hannifin Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 8th were paid a dividend of $2.00 per share. 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 0.9%. This is a boost from Parker-Hannifin’s previous quarterly dividend of $1.80. Parker-Hannifin’s dividend payout ratio is currently 29.51%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on PH. Evercore set a $1,064.00 target price on Parker-Hannifin in a research note on Monday, May 11th. Mizuho set a $1,050.00 target price on Parker-Hannifin in a research note on Friday, May 1st. Truist Financial set a $1,147.00 target price on Parker-Hannifin in a research note on Friday, May 1st. Citigroup reaffirmed a “buy” rating on shares of Parker-Hannifin in a research note on Monday. Finally, JPMorgan Chase & Co. reduced their target price on Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating on the stock in a research note on Thursday, May 7th. Eighteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Parker-Hannifin has an average rating of “Moderate Buy” and a consensus price target 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.