AMF Tjanstepension AB Has $228.43 Million Holdings in Parker-Hannifin Corporation $PH

AMF Tjanstepension AB trimmed its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 43.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 301,292 shares of the industrial products company’s stock after selling 232,603 shares during the period. Parker-Hannifin makes up approximately 2.5% of AMF Tjanstepension AB’s investment portfolio, making the stock its 12th largest position. AMF Tjanstepension AB’s holdings in Parker-Hannifin were worth $228,425,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Fidelis Capital Partners LLC boosted its stake in shares of Parker-Hannifin by 1.3% in the 2nd quarter. Fidelis Capital Partners LLC now owns 1,071 shares of the industrial products company’s stock valued at $747,000 after purchasing an additional 14 shares in the last quarter. High Net Worth Advisory Group LLC lifted its stake in shares of Parker-Hannifin by 0.3% in the third quarter. High Net Worth Advisory Group LLC now owns 4,694 shares of the industrial products company’s stock worth $3,559,000 after acquiring an additional 14 shares during the period. Bingham Private Wealth LLC lifted its stake in shares of Parker-Hannifin by 3.3% in the second quarter. Bingham Private Wealth LLC now owns 472 shares of the industrial products company’s stock worth $330,000 after acquiring an additional 15 shares during the period. Meadow Creek Wealth Advisors LLC boosted its holdings in Parker-Hannifin by 3.6% in the second quarter. Meadow Creek Wealth Advisors LLC now owns 430 shares of the industrial products company’s stock valued at $300,000 after acquiring an additional 15 shares during the last quarter. Finally, Valeo Financial Advisors LLC lifted its holdings in Parker-Hannifin by 0.8% in the second quarter. Valeo Financial Advisors LLC now owns 1,833 shares of the industrial products company’s stock valued at $1,280,000 after buying an additional 15 shares during the period. 82.44% of the stock is currently owned by institutional investors.

Parker-Hannifin Price Performance

PH stock opened at $927.58 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 0.54. Parker-Hannifin Corporation has a 12-month low of $488.45 and a 12-month high of $954.30. The stock has a market capitalization of $117.05 billion, a price-to-earnings ratio of 33.05, a PEG ratio of 3.23 and a beta of 1.25. The firm’s 50-day moving average price is $886.56 and its two-hundred day moving average price is $799.24.

Parker-Hannifin (NYSE:PH) last posted its earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share for the quarter, topping analysts’ consensus estimates of $6.62 by $0.60. The firm had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $4.94 billion. Parker-Hannifin had a return on equity of 27.23% and a net margin of 18.17%.The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.20 EPS. Parker-Hannifin has set its FY 2026 guidance at 29.600-30.400 EPS and its FY 2026 guidance at 29.600-30.400 EPS. As a group, equities analysts predict that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Friday, February 6th will be given a dividend of $1.80 per share. The ex-dividend date is Friday, February 6th. This represents a $7.20 dividend on an annualized basis and a yield of 0.8%. Parker-Hannifin’s dividend payout ratio is 25.65%.

Analyst Upgrades and Downgrades

PH has been the subject of several research analyst reports. BNP Paribas Exane began coverage on shares of Parker-Hannifin in a research note on Thursday, December 4th. They issued an “outperform” rating and a $1,020.00 price objective for the company. Barclays increased their price objective on shares of Parker-Hannifin from $950.00 to $990.00 and gave the company an “overweight” rating in a research note on Wednesday, January 7th. Wells Fargo & Company raised their price objective on shares of Parker-Hannifin from $925.00 to $1,000.00 and gave the stock an “overweight” rating in a report on Wednesday, January 7th. Wall Street Zen upgraded Parker-Hannifin from a “hold” rating to a “buy” rating in a research note on Monday, January 19th. Finally, Truist Financial boosted their target price on shares of Parker-Hannifin from $977.00 to $1,097.00 and gave the company a “buy” rating in a report on Thursday, December 18th. Seventeen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $950.17.

Insider Buying and Selling

In other news, COO Andrew D. Ross sold 2,488 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $894.81, for a total transaction of $2,226,287.28. Following the completion of the sale, the chief operating officer owned 13,120 shares of the company’s stock, valued at $11,739,907.20. The trade was a 15.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Rachid Bendali sold 1,437 shares of Parker-Hannifin stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $852.99, for a total value of $1,225,746.63. Following the transaction, the vice president directly owned 2,714 shares in the company, valued at approximately $2,315,014.86. The trade was a 34.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 7,432 shares of company stock valued at $6,484,116 over the last 90 days. Company insiders own 0.32% of the company’s stock.

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.