Cumberland Partners Ltd Sells 3,279 Shares of Parker-Hannifin Corporation $PH

Cumberland Partners Ltd decreased its position in Parker-Hannifin Corporation (NYSE:PH) by 31.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,271 shares of the industrial products company’s stock after selling 3,279 shares during the quarter. Cumberland Partners Ltd’s holdings in Parker-Hannifin were worth $6,509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of PH. Entropy Technologies LP raised its holdings in shares of Parker-Hannifin by 865.6% during the 1st quarter. Entropy Technologies LP now owns 17,603 shares of the industrial products company’s stock worth $15,759,000 after acquiring an additional 15,780 shares in the last quarter. Sustainable Insight Capital Management LLC grew its holdings in shares of Parker-Hannifin by 30.4% in the first quarter. Sustainable Insight Capital Management LLC now owns 2,405 shares of the industrial products company’s stock valued at $2,153,000 after purchasing an additional 560 shares in the last quarter. Gabelli Funds LLC increased its position in Parker-Hannifin by 24.2% in the first quarter. Gabelli Funds LLC now owns 11,802 shares of the industrial products company’s stock worth $10,566,000 after purchasing an additional 2,302 shares during the last quarter. Gamco Investors INC. ET AL increased its position in Parker-Hannifin by 580.9% in the first quarter. Gamco Investors INC. ET AL now owns 1,852 shares of the industrial products company’s stock worth $1,658,000 after purchasing an additional 1,580 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in Parker-Hannifin by 3.2% during the first quarter. Public Employees Retirement System of Ohio now owns 54,034 shares of the industrial products company’s stock valued at $48,373,000 after purchasing an additional 1,652 shares in the last quarter. 82.44% of the stock is owned by hedge funds and other institutional investors.

Parker-Hannifin Stock Up 0.1%

Shares of PH opened at $986.17 on Friday. The company has a quick ratio of 0.66, a current ratio of 1.13 and a debt-to-equity ratio of 0.46. The business has a fifty day moving average of $922.26 and a 200 day moving average of $936.00. The company has a market cap of $124.35 billion, a PE ratio of 36.38, a P/E/G ratio of 2.63 and a beta of 1.11. Parker-Hannifin Corporation has a 52-week low of $692.02 and a 52-week high of $1,034.96.

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 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 analysts’ expectations of $5.40 billion. During the same quarter in the previous year, the business posted $6.94 earnings per share. The business’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. On average, sell-side analysts expect that Parker-Hannifin Corporation will post 31.26 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on PH. Stifel Nicolaus increased their price objective on shares of Parker-Hannifin from $965.00 to $1,000.00 and gave the company a “hold” rating in a research report on Friday, April 10th. Evercore set a $1,064.00 target price on shares of Parker-Hannifin in a report on Monday, May 11th. BMO Capital Markets assumed coverage on shares of Parker-Hannifin in a research report on Friday, March 27th. They set an “outperform” rating and a $1,090.00 target price on the stock. Wells Fargo & Company lowered their price target on shares of Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating for the company in a report on Tuesday, May 26th. Finally, Wall Street Zen lowered Parker-Hannifin from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Eighteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Parker-Hannifin presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,027.38.

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.