Parker-Hannifin Corporation $PH Stock Holdings Lowered by Beese Fulmer Investment Management Inc.

Beese Fulmer Investment Management Inc. reduced its holdings in Parker-Hannifin Corporation (NYSE:PH) by 56.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 527 shares of the industrial products company’s stock after selling 697 shares during the quarter. Beese Fulmer Investment Management Inc.’s holdings in Parker-Hannifin were worth $464,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of PH. Texas Capital Bancshares Inc TX acquired a new stake in shares of Parker-Hannifin during the third quarter worth $25,000. Chilton Capital Management LLC acquired a new stake in shares of Parker-Hannifin during the third quarter worth $29,000. HFM Investment Advisors LLC raised its position in shares of Parker-Hannifin by 1,000.0% during the fourth quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 30 shares during the period. Ameriflex Group Inc. raised its holdings in shares of Parker-Hannifin by 366.7% during the third quarter. Ameriflex Group Inc. now owns 42 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 33 shares during the period. Finally, Mowery & Schoenfeld Wealth Management LLC raised its holdings in shares of Parker-Hannifin by 80.0% during the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 16 shares during the period. 82.44% of the stock is owned by institutional investors and hedge funds.

Parker-Hannifin Stock Performance

Shares of PH stock opened at $861.31 on Monday. The stock’s 50-day moving average is $925.06 and its two-hundred day moving average is $911.42. Parker-Hannifin Corporation has a fifty-two week low of $637.21 and a fifty-two week high of $1,034.96. The firm has a market cap of $108.71 billion, a P/E ratio of 31.77, a PEG ratio of 2.51 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.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings results 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. Parker-Hannifin had a net margin of 16.58% and a return on equity of 27.97%. 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 business posted $6.94 EPS. Parker-Hannifin’s quarterly revenue was up 10.6% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. Analysts predict that Parker-Hannifin Corporation will post 31.26 earnings per share for the current fiscal year.

Parker-Hannifin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 8th will be paid a dividend of $2.00 per share. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $1.80. The ex-dividend date is Friday, May 8th. This represents a $8.00 annualized dividend and a dividend yield of 0.9%. Parker-Hannifin’s dividend payout ratio (DPR) is currently 29.51%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PH. KeyCorp restated an “overweight” rating and set a $1,100.00 price target on shares of Parker-Hannifin in a report on Friday, January 30th. BMO Capital Markets started coverage on Parker-Hannifin in a research report on Friday, March 27th. They set an “outperform” rating and a $1,090.00 price target on the stock. Stifel Nicolaus upped their price target on Parker-Hannifin from $965.00 to $1,000.00 and gave the company a “hold” rating in a research report on Friday, April 10th. Barclays upped their price target on Parker-Hannifin from $990.00 to $1,020.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Finally, Evercore set a $1,064.00 price target on Parker-Hannifin in a research report on Monday, May 11th. Seventeen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Parker-Hannifin has an average rating of “Moderate Buy” and a consensus target price of $1,022.30.

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.