UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 32,797 Shares of Parker-Hannifin Corporation $PH

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 3.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 897,645 shares of the industrial products company’s stock after acquiring an additional 32,797 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.71% of Parker-Hannifin worth $788,994,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of PH. Fideuram Asset Management Ireland dac bought a new position in shares of Parker-Hannifin in the 4th quarter worth approximately $1,253,000. Citigroup Inc. grew its position in Parker-Hannifin by 54.7% during the third quarter. Citigroup Inc. now owns 158,668 shares of the industrial products company’s stock valued at $120,294,000 after buying an additional 56,103 shares during the period. Truist Financial Corp grew its position in Parker-Hannifin by 2.7% during the fourth quarter. Truist Financial Corp now owns 174,852 shares of the industrial products company’s stock valued at $153,687,000 after buying an additional 4,673 shares during the period. Advisors Capital Management LLC grew its position in Parker-Hannifin by 140.0% during the third quarter. Advisors Capital Management LLC now owns 2,232 shares of the industrial products company’s stock valued at $1,693,000 after buying an additional 1,302 shares during the period. Finally, Y.D. More Investments Ltd bought a new stake in Parker-Hannifin during the fourth quarter valued at approximately $3,800,000. Institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Trading Down 0.1%

Parker-Hannifin stock opened at $901.89 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.66 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 has a 50 day moving average of $907.43 and a 200 day moving average of $918.32. The firm has a market capitalization of $113.72 billion, a price-to-earnings ratio of 33.27, a P/E/G ratio of 2.62 and a beta of 1.14.

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, 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 business had revenue of $5.49 billion during the quarter, compared to analyst estimates of $5.40 billion. During the same period last year, the firm posted $6.94 EPS. The company’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, research analysts predict that Parker-Hannifin Corporation will post 31.26 earnings per share for the current year.

Parker-Hannifin Increases Dividend

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

Wall Street Analyst Weigh In

PH has been the subject of several recent research reports. Wall Street Zen lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Morgan Stanley boosted their target price on shares of Parker-Hannifin from $945.00 to $1,038.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 24th. Truist Financial set a $1,147.00 target price on shares of Parker-Hannifin in a research report on Friday, May 1st. JPMorgan Chase & Co. reduced their target price on shares of Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. Finally, Stifel Nicolaus increased their target price on shares of Parker-Hannifin from $965.00 to $1,000.00 and gave the stock a “hold” rating in a report on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.05.

About Parker-Hannifin

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.