Fullerton Fund Management Co Ltd. Grows Holdings in Parker-Hannifin Corporation $PH

Fullerton Fund Management Co Ltd. increased its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 32.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 207,412 shares of the industrial products company’s stock after purchasing an additional 50,767 shares during the quarter. Parker-Hannifin makes up 8.0% of Fullerton Fund Management Co Ltd.’s holdings, making the stock its 3rd biggest position. Fullerton Fund Management Co Ltd.’s holdings in Parker-Hannifin were worth $182,307,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of PH. Brighton Jones LLC boosted its holdings in Parker-Hannifin by 5.9% during the 4th quarter. Brighton Jones LLC now owns 1,808 shares of the industrial products company’s stock valued at $1,150,000 after acquiring an additional 101 shares during the period. Bison Wealth LLC boosted its holdings in Parker-Hannifin by 4.5% during the 4th quarter. Bison Wealth LLC now owns 749 shares of the industrial products company’s stock valued at $476,000 after acquiring an additional 32 shares during the period. Empowered Funds LLC boosted its holdings in Parker-Hannifin by 0.5% during the 1st quarter. Empowered Funds LLC now owns 2,894 shares of the industrial products company’s stock valued at $1,759,000 after acquiring an additional 15 shares during the period. Acadian Asset Management LLC boosted its holdings in Parker-Hannifin by 26.2% during the 1st quarter. Acadian Asset Management LLC now owns 799 shares of the industrial products company’s stock valued at $484,000 after acquiring an additional 166 shares during the period. Finally, Sivia Capital Partners LLC boosted its holdings in Parker-Hannifin by 3.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 430 shares of the industrial products company’s stock valued at $300,000 after acquiring an additional 15 shares during the period. Institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Trading Up 2.1%

Shares of NYSE PH opened at $937.82 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.66. The stock has a market capitalization of $118.25 billion, a P/E ratio of 34.59, a price-to-earnings-growth ratio of 2.67 and a beta of 1.14. Parker-Hannifin Corporation has a 1-year low of $646.51 and a 1-year high of $1,034.96. The business has a fifty day moving average price of $908.24 and a 200 day moving average price of $919.87.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $8.17 earnings per share for the quarter, topping analysts’ consensus estimates of $7.84 by $0.33. The firm 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 firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the business posted $6.94 EPS. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. Equities research analysts expect that Parker-Hannifin Corporation will post 31.26 EPS for the current fiscal year.

Parker-Hannifin Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 8th were paid 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 was Friday, May 8th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.9%. Parker-Hannifin’s dividend payout ratio (DPR) is currently 29.51%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on PH shares. Citigroup restated a “buy” rating on shares of Parker-Hannifin in a report on Monday, June 8th. BMO Capital Markets assumed coverage on Parker-Hannifin in a report on Friday, March 27th. They set an “outperform” rating and a $1,090.00 price objective for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Parker-Hannifin in a report on Tuesday, April 21st. Wells Fargo & Company lowered their price target on Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating for the company in a report on Tuesday, May 26th. Finally, JPMorgan Chase & Co. lowered their price target on 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. 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, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.