Union Bancaire Privee UBP SA Grows Stock Holdings in Parker-Hannifin Corporation $PH

Union Bancaire Privee UBP SA increased its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 15.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 66,590 shares of the industrial products company’s stock after purchasing an additional 8,850 shares during the quarter. Parker-Hannifin accounts for 1.0% of Union Bancaire Privee UBP SA’s holdings, making the stock its 18th biggest holding. Union Bancaire Privee UBP SA owned approximately 0.05% of Parker-Hannifin worth $61,821,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Fideuram Asset Management Ireland dac acquired a new position in shares of Parker-Hannifin during the fourth quarter valued at approximately $1,253,000. Truist Financial Corp raised its stake in shares of Parker-Hannifin by 2.7% in the 4th quarter. Truist Financial Corp now owns 174,852 shares of the industrial products company’s stock valued at $153,687,000 after acquiring an additional 4,673 shares during the period. Y.D. More Investments Ltd acquired a new position in Parker-Hannifin in the 4th quarter valued at about $3,800,000. BCS Wealth Management increased its position in shares of Parker-Hannifin by 83.3% during the fourth quarter. BCS Wealth Management now owns 3,120 shares of the industrial products company’s stock worth $2,742,000 after acquiring an additional 1,418 shares during the period. Finally, Westfield Capital Management Co. LP acquired a new stake in Parker-Hannifin in the third quarter valued at approximately $5,437,000. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Trading Down 2.2%

Shares of PH opened at $967.92 on Friday. The firm has a market capitalization of $122.05 billion, a price-to-earnings ratio of 35.70, a P/E/G ratio of 2.88 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. The stock’s 50-day moving average price is $908.10 and its 200 day moving average price is $924.81. Parker-Hannifin Corporation has a 12-month low of $691.47 and a 12-month high of $1,034.96.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.84 by $0.33. The company had revenue of $5.49 billion during the quarter, compared to analysts’ expectations of $5.40 billion. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The business’s revenue was up 10.6% on a year-over-year basis. During the same period last year, the business 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 disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 8th were paid a dividend of $2.00 per share. The ex-dividend date was Friday, May 8th. This represents a $8.00 dividend on an annualized basis 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 (DPR) is currently 29.51%.

Analyst Ratings Changes

Several research firms have commented on PH. Mizuho set a $1,050.00 price target on Parker-Hannifin in a research report on Friday, May 1st. Stifel Nicolaus raised their price target on Parker-Hannifin from $965.00 to $1,000.00 and gave the stock a “hold” rating in a research report on Friday, April 10th. Wells Fargo & Company decreased their price target on Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 26th. Sanford C. Bernstein initiated coverage on shares of Parker-Hannifin in a research note on Tuesday, June 9th. They set an “outperform” rating and a $1,026.00 price objective for the company. Finally, Wall Street Zen downgraded shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. One research 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,021.05.

Parker-Hannifin Company 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.