Fideuram Asset Management Ireland dac Buys Shares of 1,425 Parker-Hannifin Corporation $PH

Fideuram Asset Management Ireland dac bought a new stake in Parker-Hannifin Corporation (NYSE:PH) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,425 shares of the industrial products company’s stock, valued at approximately $1,253,000.

Several other large investors have also modified their holdings of the business. National Pension Service lifted its stake in shares of Parker-Hannifin by 19.6% in the 4th quarter. National Pension Service now owns 352,582 shares of the industrial products company’s stock valued at $309,905,000 after purchasing an additional 57,680 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Parker-Hannifin by 14.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 79,264 shares of the industrial products company’s stock valued at $69,670,000 after purchasing an additional 10,118 shares during the last quarter. Ilmarinen Mutual Pension Insurance Co acquired a new position in shares of Parker-Hannifin in the 4th quarter valued at $17,579,000. Moors & Cabot Inc. lifted its stake in shares of Parker-Hannifin by 2.0% in the 4th quarter. Moors & Cabot Inc. now owns 2,664 shares of the industrial products company’s stock valued at $2,342,000 after purchasing an additional 51 shares during the last quarter. Finally, Intech Investment Management LLC lifted its stake in shares of Parker-Hannifin by 1.8% in the 4th quarter. Intech Investment Management LLC now owns 4,383 shares of the industrial products company’s stock valued at $3,852,000 after purchasing an additional 76 shares during the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Parker-Hannifin Price Performance

PH opened at $844.13 on Friday. The stock’s 50-day moving average price is $912.81 and its 200 day moving average price is $915.57. Parker-Hannifin Corporation has a 12-month low of $646.51 and a 12-month high of $1,034.96. The company has a current ratio of 1.13, a quick ratio of 0.66 and a debt-to-equity ratio of 0.46. The firm has a market cap of $106.43 billion, a price-to-earnings ratio of 31.14, a PEG ratio of 2.48 and a beta of 1.18.

Parker-Hannifin (NYSE:PH) last posted its earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share (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 firm had revenue of $5.49 billion for the quarter, compared to analyst estimates of $5.40 billion. During the same quarter in the prior year, the company earned $6.94 EPS. Parker-Hannifin’s revenue was up 10.6% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. As a group, sell-side analysts expect that Parker-Hannifin Corporation will post 31.26 earnings per share for the current year.

Parker-Hannifin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors 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 yield of 0.9%. The ex-dividend date of this dividend is Friday, May 8th. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $1.80. Parker-Hannifin’s dividend payout ratio is currently 29.51%.

Analyst Upgrades and Downgrades

PH has been the topic of several recent analyst reports. BMO Capital Markets initiated coverage on Parker-Hannifin in a research note on Friday, March 27th. They issued an “outperform” rating and a $1,090.00 price target on the stock. 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. Morgan Stanley upped their price target on Parker-Hannifin from $945.00 to $1,038.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 24th. Wall Street Zen raised Parker-Hannifin from a “hold” rating to a “buy” rating in a research note on Wednesday, February 4th. Finally, Stifel Nicolaus upped their price target on Parker-Hannifin from $965.00 to $1,000.00 and gave the company a “hold” rating in a research note on Friday, April 10th. Seventeen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Parker-Hannifin currently has an average rating of “Moderate Buy” and a consensus 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.