Madison Asset Management LLC Has $86.97 Million Position in Parker-Hannifin Corporation $PH

Madison Asset Management LLC decreased its holdings in Parker-Hannifin Corporation (NYSE:PH) by 9.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 98,952 shares of the industrial products company’s stock after selling 10,293 shares during the quarter. Madison Asset Management LLC’s holdings in Parker-Hannifin were worth $86,974,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. World Investment Advisors boosted its holdings in Parker-Hannifin by 47.1% during the fourth quarter. World Investment Advisors now owns 2,848 shares of the industrial products company’s stock worth $2,503,000 after purchasing an additional 912 shares during the last quarter. Boyd Watterson Asset Management LLC OH grew its holdings in shares of Parker-Hannifin by 1.6% during the fourth quarter. Boyd Watterson Asset Management LLC OH now owns 5,676 shares of the industrial products company’s stock worth $4,989,000 after purchasing an additional 92 shares in the last quarter. Seelaus Asset Management LLC bought a new position in shares of Parker-Hannifin in the 4th quarter worth $220,000. Argos Wealth Advisors LLC purchased a new position in shares of Parker-Hannifin in the 4th quarter worth about $343,000. Finally, Meridian Wealth Management LLC boosted its stake in Parker-Hannifin by 1.0% in the fourth quarter. Meridian Wealth Management LLC now owns 2,051 shares of the industrial products company’s stock worth $1,803,000 after buying an additional 21 shares in the last quarter. 82.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Barclays lifted their target price on shares of Parker-Hannifin from $990.00 to $1,020.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. JPMorgan Chase & Co. cut their price target on shares of Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating on the stock in a report on Thursday, May 7th. Wells Fargo & Company decreased their target price on Parker-Hannifin from $1,050.00 to $980.00 and set an “overweight” rating for the company in a research report on Wednesday, April 1st. Stifel Nicolaus increased their price target 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. Finally, Morgan Stanley upped their price objective on shares of Parker-Hannifin from $945.00 to $1,038.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 24th. Seventeen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,022.30.

Parker-Hannifin Stock Performance

Shares of PH opened at $881.61 on Wednesday. The firm has a market capitalization of $111.28 billion, a P/E ratio of 32.52, a PEG ratio of 2.80 and a beta of 1.18. 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 fifty day moving average of $932.29 and a 200 day moving average of $909.23. Parker-Hannifin Corporation has a one year low of $637.21 and a one year high of $1,034.96.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $8.17 EPS for the quarter, beating the consensus estimate of $7.84 by $0.33. The firm had revenue of $5.49 billion during the quarter, compared to analyst estimates of $5.40 billion. Parker-Hannifin had a net margin of 16.58% and a return on equity of 27.97%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.94 EPS. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. As a group, sell-side analysts anticipate that Parker-Hannifin Corporation will post 31.2 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 annualized dividend and a yield of 0.9%. This is a boost from Parker-Hannifin’s previous quarterly dividend of $1.80. The ex-dividend date is Friday, May 8th. Parker-Hannifin’s dividend payout ratio (DPR) 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.