Lansforsakringar Fondforvaltning AB publ Has $35.60 Million Stake in Parker-Hannifin Corporation $PH

Lansforsakringar Fondforvaltning AB publ lowered its holdings in Parker-Hannifin Corporation (NYSE:PH) by 15.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,762 shares of the industrial products company’s stock after selling 6,993 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Parker-Hannifin were worth $35,596,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. HFM Investment Advisors LLC boosted its stake 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 buying an additional 30 shares during the last quarter. Texas Capital Bancshares Inc TX bought a new position in shares of Parker-Hannifin in the 3rd quarter valued at about $25,000. Lloyd Advisory Services LLC. acquired a new stake in shares of Parker-Hannifin in the fourth quarter valued at about $31,000. Mowery & Schoenfeld Wealth Management LLC raised its holdings in 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 worth $32,000 after acquiring an additional 16 shares in the last quarter. Finally, First Command Advisory Services Inc. raised its holdings in 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 worth $33,000 after acquiring an additional 34 shares in the last quarter. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PH has been the subject of several recent research reports. Evercore set a $1,064.00 price target on Parker-Hannifin in a research report on Monday, May 11th. Mizuho set a $1,050.00 price objective on Parker-Hannifin in a research note on Friday, May 1st. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a report on Tuesday, April 21st. Citigroup restated a “buy” rating on shares of Parker-Hannifin in a report on Monday, June 8th. Finally, Truist Financial set a $1,147.00 price target on shares of Parker-Hannifin in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Parker-Hannifin presently has a consensus rating of “Moderate Buy” and an average price target of $1,021.05.

Parker-Hannifin Price Performance

Shares of NYSE PH opened at $963.90 on Tuesday. 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 business’s 50 day moving average price is $908.27 and its two-hundred day moving average price is $925.85. The company has a market cap of $121.54 billion, a PE ratio of 35.55, a price-to-earnings-growth ratio of 2.82 and a beta of 1.14. Parker-Hannifin Corporation has a twelve month low of $691.47 and a twelve month high of $1,034.96.

Parker-Hannifin (NYSE:PH) last released 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. The company had revenue of $5.49 billion during the quarter, compared to analysts’ expectations of $5.40 billion. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The business’s revenue was up 10.6% on a year-over-year basis. During the same period last year, the firm posted $6.94 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. On average, analysts predict that Parker-Hannifin Corporation will post 31.26 EPS 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 given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 0.8%. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $1.80. The ex-dividend date of this dividend was Friday, May 8th. Parker-Hannifin’s dividend payout ratio (DPR) is presently 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.