Hendley & Co. Inc. Sells 8,218 Shares of Parker-Hannifin Corporation $PH

Hendley & Co. Inc. trimmed its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 43.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,759 shares of the industrial products company’s stock after selling 8,218 shares during the quarter. Parker-Hannifin makes up about 3.6% of Hendley & Co. Inc.’s investment portfolio, making the stock its 8th biggest position. Hendley & Co. Inc.’s holdings in Parker-Hannifin were worth $9,632,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of PH. Rainier Family Wealth Inc. acquired a new position in shares of Parker-Hannifin in the 1st quarter worth approximately $397,000. Financial Management Network Inc. increased its holdings in Parker-Hannifin by 22.0% during the 1st quarter. Financial Management Network Inc. now owns 494 shares of the industrial products company’s stock valued at $486,000 after purchasing an additional 89 shares in the last quarter. Capital Advisors Ltd. LLC raised its position in Parker-Hannifin by 1,428.1% in the 1st quarter. Capital Advisors Ltd. LLC now owns 3,805 shares of the industrial products company’s stock valued at $3,406,000 after purchasing an additional 3,556 shares during the last quarter. Roble Belko & Company Inc raised its position in Parker-Hannifin by 200.0% in the 1st quarter. Roble Belko & Company Inc now owns 75 shares of the industrial products company’s stock valued at $67,000 after purchasing an additional 50 shares during the last quarter. Finally, Lee Johnson Capital Management LLC boosted its stake in Parker-Hannifin by 9.9% in the first quarter. Lee Johnson Capital Management LLC now owns 680 shares of the industrial products company’s stock worth $609,000 after purchasing an additional 61 shares in the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PH. Mizuho set a $1,050.00 target price on Parker-Hannifin in a research note on Friday, May 1st. Citigroup reiterated a “buy” rating on shares of Parker-Hannifin in a research report on Monday, June 8th. Wall Street Zen lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Stifel Nicolaus raised 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. Finally, Wells Fargo & Company reduced their target price on shares of Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,021.05.

Parker-Hannifin Trading Up 1.0%

Shares of PH opened at $962.38 on Tuesday. The company has a quick ratio of 0.66, a current ratio of 1.13 and a debt-to-equity ratio of 0.46. Parker-Hannifin Corporation has a 12-month low of $646.51 and a 12-month high of $1,034.96. The firm has a market capitalization of $121.34 billion, a PE ratio of 35.50, a price-to-earnings-growth ratio of 2.77 and a beta of 1.14. The stock’s fifty day simple moving average is $909.15 and its 200-day simple moving average is $922.54.

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, topping analysts’ consensus estimates 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 return on equity of 27.97% and a net margin of 16.58%.The company’s revenue was up 10.6% on a year-over-year basis. During the same period last year, the company earned $6.94 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. As a group, research analysts predict that Parker-Hannifin Corporation will post 31.26 earnings per share for the current year.

Parker-Hannifin Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 8th were given a dividend of $2.00 per share. The ex-dividend date was Friday, May 8th. This represents a $8.00 annualized dividend and a dividend yield of 0.8%. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $1.80. Parker-Hannifin’s dividend payout ratio is presently 29.51%.

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.