Aware Super Pty Ltd as trustee of Aware Super Takes Position in Parker-Hannifin Corporation $PH

Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in Parker-Hannifin Corporation (NYSE:PH) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 13,866 shares of the industrial products company’s stock, valued at approximately $12,413,000.

Several other large investors have also recently made changes to their positions in the stock. HFM Investment Advisors LLC boosted its position in shares of 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 buying an additional 30 shares during the period. Texas Capital Bancshares Inc TX purchased a new position in Parker-Hannifin in the third quarter worth approximately $25,000. Lloyd Advisory Services LLC. acquired a new position in shares of Parker-Hannifin during the fourth quarter worth $31,000. NFSG Corp boosted its position in shares of Parker-Hannifin by 94.4% during the 1st quarter. NFSG Corp now owns 35 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 17 shares in the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC increased its stake in Parker-Hannifin by 80.0% in 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 during the last quarter. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Wells Fargo & Company cut their target price on Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 26th. Citigroup reissued a “buy” rating on shares of Parker-Hannifin in a report on Monday, June 8th. Truist Financial boosted their target price on shares of Parker-Hannifin from $1,147.00 to $1,269.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Wall Street Zen cut Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $1,037.00 target price on shares of Parker-Hannifin in a research report on Thursday. Eighteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,027.38.

Parker-Hannifin Price Performance

Shares of NYSE PH opened at $953.13 on Friday. 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 has a 50 day moving average price of $912.84 and a two-hundred day moving average price of $933.05. The firm has a market cap of $120.18 billion, a PE ratio of 35.16, a price-to-earnings-growth ratio of 2.56 and a beta of 1.11. Parker-Hannifin Corporation has a fifty-two week low of $692.02 and a fifty-two week high of $1,034.96.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported $8.17 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $5.40 billion. During the same period last year, the firm earned $6.94 earnings per share. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. Sell-side analysts expect that Parker-Hannifin Corporation will post 31.26 earnings per share for the current fiscal year.

Parker-Hannifin Increases Dividend

The firm also recently disclosed 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. This is a boost from Parker-Hannifin’s previous quarterly dividend of $1.80. This represents a $8.00 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, May 8th. Parker-Hannifin’s payout ratio is presently 29.51%.

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.