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

OMERS ADMINISTRATION Corp grew its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 183,437 shares of the industrial products company’s stock after acquiring an additional 2,368 shares during the quarter. Parker-Hannifin accounts for 1.1% of OMERS ADMINISTRATION Corp’s holdings, making the stock its 28th biggest position. OMERS ADMINISTRATION Corp owned approximately 0.15% of Parker-Hannifin worth $161,234,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of PH. Fideuram Asset Management Ireland dac bought a new stake in shares of Parker-Hannifin during the 4th quarter worth approximately $1,253,000. Citigroup Inc. raised its stake in shares of Parker-Hannifin by 54.7% during the 3rd quarter. Citigroup Inc. now owns 158,668 shares of the industrial products company’s stock worth $120,294,000 after purchasing an additional 56,103 shares in the last quarter. Truist Financial Corp raised its stake in shares of Parker-Hannifin by 2.7% during the 4th quarter. Truist Financial Corp now owns 174,852 shares of the industrial products company’s stock worth $153,687,000 after purchasing an additional 4,673 shares in the last quarter. Advisors Capital Management LLC raised its stake in shares of Parker-Hannifin by 140.0% during the 3rd quarter. Advisors Capital Management LLC now owns 2,232 shares of the industrial products company’s stock worth $1,693,000 after purchasing an additional 1,302 shares in the last quarter. Finally, Y.D. More Investments Ltd bought a new stake in shares of Parker-Hannifin during the 4th quarter worth approximately $3,800,000. Institutional investors and hedge funds own 82.44% of the company’s stock.

Parker-Hannifin Stock Up 1.7%

PH opened at $919.22 on Tuesday. Parker-Hannifin Corporation has a 1-year low of $646.51 and a 1-year high of $1,034.96. The stock’s fifty day simple moving average is $907.65 and its 200 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. The stock has a market cap of $115.90 billion, a PE ratio of 33.91, a price-to-earnings-growth ratio of 2.63 and a beta of 1.14.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $5.40 billion. During the same quarter in the prior year, the business earned $6.94 EPS. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. As a group, research analysts expect that Parker-Hannifin Corporation will post 31.26 earnings per share for the current year.

Parker-Hannifin Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PH. Citigroup reiterated a “buy” rating on shares of Parker-Hannifin in a research note on Monday, June 8th. BMO Capital Markets began coverage on Parker-Hannifin in a research note on Friday, March 27th. They set an “outperform” rating and a $1,090.00 price objective on the stock. Wall Street Zen cut Parker-Hannifin from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Mizuho set a $1,050.00 price target on Parker-Hannifin in a research note on Friday, May 1st. Finally, Truist Financial set a $1,147.00 price target on Parker-Hannifin in a research note on Friday, May 1st. One 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 stock. According to data from MarketBeat.com, the company currently 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.