Passumpsic Savings Bank Purchases Shares of 3,833 Parker-Hannifin Corporation $PH

Passumpsic Savings Bank purchased a new stake in Parker-Hannifin Corporation (NYSE:PH) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,833 shares of the industrial products company’s stock, valued at approximately $3,369,000. Parker-Hannifin accounts for 1.8% of Passumpsic Savings Bank’s portfolio, making the stock its 14th largest holding.

A number of other large investors have also recently bought and sold shares of PH. Brighton Jones LLC grew its position in Parker-Hannifin by 5.9% in the fourth quarter. Brighton Jones LLC now owns 1,808 shares of the industrial products company’s stock valued at $1,150,000 after acquiring an additional 101 shares during the period. Bison Wealth LLC grew its position in Parker-Hannifin by 4.5% in the fourth quarter. Bison Wealth LLC now owns 749 shares of the industrial products company’s stock valued at $476,000 after acquiring an additional 32 shares during the period. Empowered Funds LLC grew its position in Parker-Hannifin by 0.5% in the first quarter. Empowered Funds LLC now owns 2,894 shares of the industrial products company’s stock valued at $1,759,000 after acquiring an additional 15 shares during the period. Acadian Asset Management LLC grew its position in Parker-Hannifin by 26.2% in the first quarter. Acadian Asset Management LLC now owns 799 shares of the industrial products company’s stock valued at $484,000 after acquiring an additional 166 shares during the period. Finally, Sivia Capital Partners LLC grew its position in Parker-Hannifin by 3.6% in the second quarter. Sivia Capital Partners LLC now owns 430 shares of the industrial products company’s stock valued at $300,000 after acquiring an additional 15 shares during the period. 82.44% of the stock is currently owned by institutional investors.

Parker-Hannifin Price Performance

Shares of PH stock opened at $861.31 on Monday. The stock’s fifty day moving average is $925.06 and its 200-day moving average is $911.42. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 1.13. The stock has a market capitalization of $108.71 billion, a PE ratio of 31.77, a PEG ratio of 2.51 and a beta of 1.18. Parker-Hannifin Corporation has a 52 week low of $637.21 and a 52 week high of $1,034.96.

Parker-Hannifin (NYSE:PH) last announced 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. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The company had revenue of $5.49 billion for the quarter, compared to analysts’ expectations of $5.40 billion. During the same quarter in the prior year, the business earned $6.94 earnings per share. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. Equities research analysts expect that Parker-Hannifin Corporation will post 31.26 EPS for the current fiscal year.

Parker-Hannifin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 8th will be paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 0.9%. This is a boost from Parker-Hannifin’s previous quarterly dividend of $1.80. The ex-dividend date of this dividend is Friday, May 8th. Parker-Hannifin’s payout ratio is currently 29.51%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Robert W. Baird set a $1,050.00 price target on Parker-Hannifin in a research report on Friday, January 30th. BMO Capital Markets assumed coverage on Parker-Hannifin in a report on Friday, March 27th. They set an “outperform” rating and a $1,090.00 target price on the stock. Stifel Nicolaus increased their target price on Parker-Hannifin from $965.00 to $1,000.00 and gave the stock a “hold” rating in a report on Friday, April 10th. Barclays increased their target price on Parker-Hannifin from $990.00 to $1,020.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Finally, iA Financial set a $1,032.00 target price on Parker-Hannifin in a report on Thursday, January 29th. 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, the stock has an average rating of “Moderate Buy” and an average target price of $1,022.30.

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.