OMERS ADMINISTRATION Corp Has $161.23 Million Stock Holdings in Parker-Hannifin Corporation $PH

OMERS ADMINISTRATION Corp raised its position in Parker-Hannifin Corporation (NYSE:PH) by 1.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 183,437 shares of the industrial products company’s stock after purchasing an additional 2,368 shares during the period. Parker-Hannifin makes up 1.1% of OMERS ADMINISTRATION Corp’s portfolio, making the stock its 28th biggest holding. OMERS ADMINISTRATION Corp’s holdings in Parker-Hannifin were worth $161,234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. HFM Investment Advisors LLC grew its holdings in shares of Parker-Hannifin by 1,000.0% during the 4th quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 30 shares in the last quarter. Texas Capital Bancshares Inc TX acquired a new stake in Parker-Hannifin in the third quarter valued at about $25,000. Lloyd Advisory Services LLC. acquired a new stake in shares of Parker-Hannifin during the fourth quarter valued at about $31,000. Mowery & Schoenfeld Wealth Management LLC boosted its stake in shares of Parker-Hannifin by 80.0% during the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 16 shares in the last quarter. Finally, First Command Advisory Services Inc. boosted its stake in shares of Parker-Hannifin by 1,133.3% during the fourth quarter. First Command Advisory Services Inc. now owns 37 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 34 shares in the last quarter. 82.44% of the stock is owned by institutional investors and hedge funds.

Parker-Hannifin Stock Up 1.7%

PH stock opened at $919.22 on Tuesday. The stock’s fifty day simple moving average is $907.65 and its two-hundred day simple moving average is $919.33. 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 1-year low of $646.51 and a 1-year high of $1,034.96. The stock has a market cap of $115.90 billion, a P/E ratio of 33.91, a P/E/G ratio of 2.63 and a beta of 1.14.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $8.17 earnings per share 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 business had revenue of $5.49 billion for the quarter, compared to analysts’ expectations of $5.40 billion. During the same quarter in the previous year, the firm earned $6.94 earnings per share. The business’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. Analysts expect that Parker-Hannifin Corporation will post 31.26 EPS for the current year.

Parker-Hannifin Increases Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PH. Truist Financial set a $1,147.00 price objective on Parker-Hannifin in a research report on Friday, May 1st. Stifel Nicolaus lifted 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. Evercore set a $1,064.00 price objective on Parker-Hannifin in a report on Monday, May 11th. Citigroup restated a “buy” rating on shares of Parker-Hannifin in a report on Monday, June 8th. Finally, JPMorgan Chase & Co. cut their target price on Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.05.

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.