Carnegie Investment Counsel, one of many asset managers, sold a significant batch of
Parker-Hannifin Corporation shares. Simultaneously, the company declared a
quarterly cash dividend of $1.80 per share, extending their dividend streak to 69 years. Multiple outlets suggest it is an optimal time to invest in Parker-Hannifin, as expectations for next earnings report are positive. Asset Management firms such as
Smith Group Asset Management LLC,
Brookstone Capital Management and
Avidian Wealth Enterprises LLC have increased stakes. Meanwhile,
Asset Management One Co. Ltd. and
Mutual of America Capital Management LLC reduced theirs. Elsewhere, Parker-Hannifin announces record revenue for its Q4 2025, with its shares holding steady near all-time highs. Amid several acquisitions and sales of shares,
TD Cowen increased Parker-Hannifin's PT to $650 due to its strong performance. Its strong aerospace backlog strategy seems to be driving their momentum and Wall Street optimism. Finally, Parker-Hannifin outperformed Q2 sales expectations, earning a 'moderate buy' from analysts.
Parker-Hannifin Corporation PH News Analytics from Thu, 10 Apr 2025 07:00:00 GMT to Sat, 25 Oct 2025 10:54:26 GMT -
Rating 7
- Innovation 3
- Information 9
- Rumor -2
