Keybank National Association OH Decreases Position in Parker-Hannifin Corporation $PH

Keybank National Association OH decreased its position in Parker-Hannifin Corporation (NYSE:PH) by 4.0% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 390,916 shares of the industrial products company’s stock after selling 16,233 shares during the period. Parker-Hannifin comprises approximately 1.3% of Keybank National Association OH’s portfolio, making the stock its 16th biggest holding. Keybank National Association OH’s holdings in Parker-Hannifin were worth $349,964,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. JFS Wealth Advisors LLC boosted its position in shares of 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 increased its holdings in Parker-Hannifin by 35.5% during the 4th quarter. Avion Wealth now owns 42 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 11 shares in the last quarter. Moneta Group Investment Advisors LLC increased its holdings in Parker-Hannifin by 1.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 614 shares of the industrial products company’s stock valued at $540,000 after acquiring an additional 11 shares in the last quarter. Inspire Advisors LLC raised its position in Parker-Hannifin by 1.2% during the fourth quarter. Inspire Advisors LLC now owns 917 shares of the industrial products company’s stock worth $807,000 after acquiring an additional 11 shares during the last quarter. Finally, 180 Wealth Advisors LLC raised its position in Parker-Hannifin by 1.9% during the fourth quarter. 180 Wealth Advisors LLC now owns 652 shares of the industrial products company’s stock worth $573,000 after acquiring an additional 12 shares during the last quarter. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Stock Performance

Shares of PH opened at $963.45 on Friday. Parker-Hannifin Corporation has a 1 year low of $692.02 and a 1 year high of $1,034.96. The company’s 50 day simple moving average is $907.23 and its 200 day simple moving average is $927.50. The company has a market capitalization of $121.48 billion, a price-to-earnings ratio of 35.54, a PEG ratio of 2.58 and a beta of 1.11. 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 released its 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. The firm had revenue of $5.49 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 10.6% on a year-over-year basis. During the same period in the previous year, the company earned $6.94 EPS. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. On average, sell-side analysts predict that Parker-Hannifin Corporation will post 31.26 EPS for the current year.

Parker-Hannifin Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 8th were given a $2.00 dividend. 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 0.8%. The ex-dividend date of this dividend was Friday, May 8th. Parker-Hannifin’s dividend payout ratio (DPR) is presently 29.51%.

Wall Street Analyst Weigh In

PH has been the topic of several research reports. Stifel Nicolaus increased their price target 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. Evercore set a $1,064.00 price objective on Parker-Hannifin in a research report on Monday, May 11th. Wall Street Zen lowered Parker-Hannifin from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Truist Financial increased their target price on Parker-Hannifin from $1,147.00 to $1,269.00 and gave the company a “buy” rating in a report on Thursday. Finally, Citigroup reissued a “buy” rating on shares of Parker-Hannifin in a research report on Monday, June 8th. One 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,026.86.

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.