Swedbank AB Boosts Stake in Parker-Hannifin Corporation $PH

Swedbank AB raised its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 0.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 349,507 shares of the industrial products company’s stock after buying an additional 2,985 shares during the quarter. Swedbank AB owned about 0.28% of Parker-Hannifin worth $312,893,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in PH. Texas Capital Bancshares Inc TX acquired a new stake in shares of Parker-Hannifin during the 3rd quarter worth about $25,000. HFM Investment Advisors LLC boosted its position in Parker-Hannifin by 1,000.0% during the fourth quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 30 shares during the last quarter. Lloyd Advisory Services LLC. purchased a new stake in Parker-Hannifin in the 4th quarter worth approximately $31,000. Mowery & Schoenfeld Wealth Management LLC raised its holdings in Parker-Hannifin by 80.0% in the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 16 shares during the last quarter. Finally, First Command Advisory Services Inc. boosted its holdings 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 worth $33,000 after purchasing an additional 34 shares during the last quarter. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Parker-Hannifin Trading Down 2.4%

Shares of PH traded down $23.61 during trading hours on Tuesday, hitting $947.75. The stock had a trading volume of 133,719 shares, compared to its average volume of 734,227. Parker-Hannifin Corporation has a 12-month low of $692.02 and a 12-month high of $1,034.96. The firm has a market cap of $119.50 billion, a P/E ratio of 35.01, a P/E/G ratio of 2.57 and a beta of 1.11. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 1.13. The company’s fifty day simple moving average is $907.42 and its 200 day simple moving average is $928.07.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $8.17 EPS for the quarter, topping the consensus estimate of $7.84 by $0.33. The company had revenue of $5.49 billion during the quarter, compared to analyst estimates of $5.40 billion. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The firm’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm posted $6.94 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. Equities research analysts forecast that Parker-Hannifin Corporation will post 31.26 EPS for the current fiscal year.

Parker-Hannifin Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 8th were issued a $2.00 dividend. The ex-dividend date was Friday, May 8th. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $1.80. This represents a $8.00 annualized dividend and a yield of 0.8%. Parker-Hannifin’s payout ratio is 29.51%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Stifel Nicolaus lifted their price objective on Parker-Hannifin from $965.00 to $1,000.00 and gave the company a “hold” rating in a research report on Friday, April 10th. Mizuho set a $1,050.00 target price on Parker-Hannifin in a research report on Friday, May 1st. Truist Financial lifted their price target on Parker-Hannifin from $1,147.00 to $1,269.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Parker-Hannifin in a research note on Tuesday, April 21st. Finally, Wells Fargo & Company cut their price objective on shares of Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating on the stock in a report on Tuesday, May 26th. One investment 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,026.86.

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.