Parker-Hannifin Corporation $PH Shares Sold by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. lowered its holdings in Parker-Hannifin Corporation (NYSE:PH) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 109,151 shares of the industrial products company’s stock after selling 1,171 shares during the period. Royal London Asset Management Ltd.’s holdings in Parker-Hannifin were worth $95,939,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in PH. JFS Wealth Advisors LLC grew its holdings in Parker-Hannifin by 6.8% in the 4th quarter. JFS Wealth Advisors LLC now owns 173 shares of the industrial products company’s stock worth $152,000 after buying an additional 11 shares in the last quarter. Avion Wealth grew its holdings in Parker-Hannifin by 35.5% in the 4th quarter. Avion Wealth now owns 42 shares of the industrial products company’s stock worth $36,000 after buying an additional 11 shares in the last quarter. Moneta Group Investment Advisors LLC grew its holdings in Parker-Hannifin by 1.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 614 shares of the industrial products company’s stock worth $540,000 after buying an additional 11 shares in the last quarter. 180 Wealth Advisors LLC grew its holdings in Parker-Hannifin by 1.9% in the 4th quarter. 180 Wealth Advisors LLC now owns 652 shares of the industrial products company’s stock worth $573,000 after buying an additional 12 shares in the last quarter. Finally, Altfest L J & Co. Inc. grew its holdings in Parker-Hannifin by 4.4% in the 4th quarter. Altfest L J & Co. Inc. now owns 286 shares of the industrial products company’s stock worth $251,000 after buying an additional 12 shares in the last quarter. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on PH. Evercore set a $1,064.00 price target on Parker-Hannifin in a research note on Monday, May 11th. Citigroup reaffirmed a “buy” rating on shares of Parker-Hannifin in a research note on Monday. Sanford C. Bernstein began coverage on Parker-Hannifin in a research note on Tuesday. They set an “outperform” rating and a $1,026.00 price target for the company. BMO Capital Markets began coverage on Parker-Hannifin in a research note on Friday, March 27th. They set an “outperform” rating and a $1,090.00 price target for the company. Finally, Wells Fargo & Company decreased their price target on Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating for the company in a research note on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,021.05.

Parker-Hannifin Price Performance

Shares of NYSE:PH opened at $901.89 on Friday. Parker-Hannifin Corporation has a one year low of $646.51 and a one year high of $1,034.96. The stock has a fifty day moving average of $907.43 and a 200-day moving average of $918.32. The company has a market capitalization of $113.72 billion, a PE ratio of 33.27, a price-to-earnings-growth ratio of 2.62 and a beta of 1.14. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 1.13.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings data on Thursday, April 30th. The industrial products company reported $8.17 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $5.40 billion. During the same quarter in the prior year, the firm earned $6.94 EPS. The company’s quarterly 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, equities analysts anticipate that Parker-Hannifin Corporation will post 31.26 EPS for the current fiscal year.

Parker-Hannifin Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 8th were issued a $2.00 dividend. The ex-dividend date was Friday, May 8th. This is an increase from Parker-Hannifin’s previous quarterly dividend of $1.80. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.9%. Parker-Hannifin’s dividend payout ratio is currently 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.