Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna Purchases New Shares in Parker-Hannifin Corporation $PH

Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna purchased a new stake in Parker-Hannifin Corporation (NYSE:PH) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 692 shares of the industrial products company’s stock, valued at approximately $608,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Clearbridge Investments LLC grew its stake in shares of Parker-Hannifin by 2.4% in the fourth quarter. Clearbridge Investments LLC now owns 304,051 shares of the industrial products company’s stock valued at $267,249,000 after acquiring an additional 7,255 shares in the last quarter. SouthState Bank Corp grew its stake in shares of Parker-Hannifin by 1.9% in the fourth quarter. SouthState Bank Corp now owns 35,834 shares of the industrial products company’s stock valued at $31,497,000 after acquiring an additional 685 shares in the last quarter. Syon Capital LLC grew its stake in shares of Parker-Hannifin by 1.9% in the fourth quarter. Syon Capital LLC now owns 2,151 shares of the industrial products company’s stock valued at $1,891,000 after acquiring an additional 41 shares in the last quarter. Capital World Investors grew its stake in shares of Parker-Hannifin by 0.6% in the fourth quarter. Capital World Investors now owns 2,600,844 shares of the industrial products company’s stock valued at $2,286,038,000 after acquiring an additional 16,703 shares in the last quarter. Finally, Capital International Inc. CA grew its stake in shares of Parker-Hannifin by 2.5% in the fourth quarter. Capital International Inc. CA now owns 27,788 shares of the industrial products company’s stock valued at $24,425,000 after acquiring an additional 669 shares in the last quarter. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Parker-Hannifin Trading Up 1.3%

Shares of Parker-Hannifin stock opened at $883.20 on Friday. The company has a market capitalization of $111.36 billion, a price-to-earnings ratio of 32.58, a PEG ratio of 2.57 and a beta of 1.14. 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’s 50-day moving average price is $907.35 and its two-hundred day moving average price is $915.87.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $5.40 billion. During the same period last year, the company posted $6.94 EPS. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. On average, analysts forecast that Parker-Hannifin Corporation will post 31.26 earnings per share for the current fiscal year.

Parker-Hannifin Increases Dividend

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

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Wells Fargo & Company decreased their price target on shares of Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 26th. BMO Capital Markets started coverage on shares of Parker-Hannifin in a research note on Friday, March 27th. They set an “outperform” rating and a $1,090.00 price objective on the stock. Wall Street Zen downgraded shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a research note on Saturday. Citigroup increased their price objective on shares of Parker-Hannifin from $1,137.00 to $1,141.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Finally, Morgan Stanley increased their price objective on shares of Parker-Hannifin from $945.00 to $1,038.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 24th. Seventeen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Parker-Hannifin has an average rating of “Moderate Buy” and an average target price of $1,020.80.

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.