Qtron Investments LLC Lowers Stock Holdings in Parker-Hannifin Corporation $PH

Qtron Investments LLC trimmed its stake in Parker-Hannifin Corporation (NYSE:PH) by 25.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,042 shares of the industrial products company’s stock after selling 699 shares during the period. Qtron Investments LLC’s holdings in Parker-Hannifin were worth $1,795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Texas Capital Bancshares Inc TX purchased a new stake in Parker-Hannifin in the 3rd quarter valued at about $25,000. HFM Investment Advisors LLC boosted its position in 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 valued at $29,000 after buying an additional 30 shares during the period. Lloyd Advisory Services LLC. purchased a new stake in Parker-Hannifin in the 4th quarter valued at about $31,000. Mowery & Schoenfeld Wealth Management LLC boosted its position 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 during the period. Finally, First Command Advisory Services Inc. boosted its position 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 during the period. 82.44% of the stock is owned by hedge funds and other institutional investors.

Parker-Hannifin Trading Up 3.0%

NYSE PH opened at $902.07 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 firm has a market cap of $113.74 billion, a PE ratio of 33.27, a price-to-earnings-growth ratio of 2.55 and a beta of 1.14. The company has a 50 day moving average price of $907.83 and a 200 day moving average price of $918.43. Parker-Hannifin Corporation has a 52 week low of $646.51 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 EPS for the quarter, topping 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%. Parker-Hannifin’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.94 EPS. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. As a group, sell-side analysts forecast that Parker-Hannifin Corporation will post 31.26 EPS for the current fiscal year.

Parker-Hannifin Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 8th were given a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, May 8th. This is an increase from Parker-Hannifin’s previous quarterly dividend of $1.80. Parker-Hannifin’s payout ratio is 29.51%.

Wall Street Analyst Weigh In

PH has been the subject of several research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a research report on Tuesday, April 21st. Mizuho set a $1,050.00 price target on shares of Parker-Hannifin in a report on Friday, May 1st. Sanford C. Bernstein assumed coverage on shares of Parker-Hannifin in a research note on Tuesday. They set an “outperform” rating and a $1,026.00 price objective on the stock. Wells Fargo & Company cut their price objective on shares of Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating on the stock in a report on Tuesday, May 26th. Finally, Evercore set a $1,064.00 price objective on shares of Parker-Hannifin in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have issued 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 price target of $1,021.05.

About Parker-Hannifin

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.