Tredje AP fonden Takes Position in Parker-Hannifin Corporation $PH

Tredje AP fonden bought a new position in shares of Parker-Hannifin Corporation (NYSE:PH) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 21,456 shares of the industrial products company’s stock, valued at approximately $18,859,000.

Several other hedge funds have also added to or reduced their stakes in the company. Handelsbanken Fonder AB bought a new stake in Parker-Hannifin in the 4th quarter valued at $6,444,000. Hartford Funds Management Co LLC increased its position in Parker-Hannifin by 27.1% during the 4th quarter. Hartford Funds Management Co LLC now owns 1,552 shares of the industrial products company’s stock worth $1,366,000 after buying an additional 331 shares during the period. HighTower Advisors LLC increased its position in Parker-Hannifin by 1.0% during the 4th quarter. HighTower Advisors LLC now owns 71,926 shares of the industrial products company’s stock worth $63,220,000 after buying an additional 746 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Parker-Hannifin by 1.2% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,944 shares of the industrial products company’s stock worth $12,256,000 after buying an additional 172 shares in the last quarter. Finally, Aerodigm Wealth LLC acquired a new stake in shares of Parker-Hannifin during the fourth quarter worth $238,000. 82.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Robert W. Baird set a $1,050.00 price target on shares of Parker-Hannifin in a research note on Friday, January 30th. BMO Capital Markets assumed coverage on shares of Parker-Hannifin in a report on Friday, March 27th. They issued an “outperform” rating and a $1,090.00 price objective for the company. Truist Financial set a $1,147.00 target price on shares of Parker-Hannifin in a research report on Friday, May 1st. Barclays raised their target price on shares of 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 price target on shares of Parker-Hannifin in a research report on Thursday, January 29th. Seventeen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,022.30.

Parker-Hannifin Stock Down 0.5%

PH stock opened at $858.14 on Tuesday. Parker-Hannifin Corporation has a 52 week low of $637.21 and a 52 week high of $1,034.96. The business has a 50-day simple moving average of $922.93 and a 200 day simple moving average of $912.05. 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 company has a market cap of $108.31 billion, a PE ratio of 31.65, a price-to-earnings-growth ratio of 2.51 and a beta of 1.18.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings data on Thursday, April 30th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.84 by $0.33. The firm had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.40 billion. Parker-Hannifin had a net margin of 16.58% and a return on equity of 27.97%. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the prior year, the company posted $6.94 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. Sell-side analysts anticipate that Parker-Hannifin Corporation will post 31.26 EPS for the current fiscal year.

Parker-Hannifin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 8th will be paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.9%. This is a positive change 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 29.51%.

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.