Eurizon Capital SGR S.p.A. Makes New $185.53 Million Investment in Parker-Hannifin Corporation $PH

Eurizon Capital SGR S.p.A. acquired a new position in Parker-Hannifin Corporation (NYSE:PH) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 210,557 shares of the industrial products company’s stock, valued at approximately $185,532,000. Eurizon Capital SGR S.p.A. owned 0.17% of Parker-Hannifin as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Fideuram Asset Management Ireland dac purchased a new position in shares of Parker-Hannifin in the fourth quarter worth about $1,253,000. National Pension Service increased its stake in shares of Parker-Hannifin by 19.6% in the fourth quarter. National Pension Service now owns 352,582 shares of the industrial products company’s stock worth $309,905,000 after purchasing an additional 57,680 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Parker-Hannifin by 14.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 79,264 shares of the industrial products company’s stock worth $69,670,000 after purchasing an additional 10,118 shares in the last quarter. Ilmarinen Mutual Pension Insurance Co purchased a new position in shares of Parker-Hannifin in the fourth quarter worth about $17,579,000. Finally, Moors & Cabot Inc. increased its stake in shares of Parker-Hannifin by 2.0% in the fourth quarter. Moors & Cabot Inc. now owns 2,664 shares of the industrial products company’s stock worth $2,342,000 after purchasing an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Price Performance

PH stock opened at $844.13 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.66. Parker-Hannifin Corporation has a one year low of $646.51 and a one year high of $1,034.96. The stock has a market cap of $106.43 billion, a PE ratio of 31.14, a P/E/G ratio of 2.48 and a beta of 1.18. The firm has a 50 day simple moving average of $912.81 and a two-hundred day simple moving average of $915.57.

Parker-Hannifin (NYSE:PH) last released 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 net margin of 16.58% and a return on equity of 27.97%. The business had revenue of $5.49 billion during the quarter, compared to analysts’ expectations of $5.40 billion. During the same quarter in the previous year, the company earned $6.94 EPS. The business’s quarterly revenue 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. On average, analysts predict that Parker-Hannifin Corporation will post 31.26 EPS for the current fiscal year.

Parker-Hannifin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 8th will be paid a $2.00 dividend. The ex-dividend date of this dividend is Friday, May 8th. This represents a $8.00 dividend on an annualized basis and a yield of 0.9%. This is a boost from Parker-Hannifin’s previous quarterly dividend of $1.80. Parker-Hannifin’s dividend payout ratio is presently 29.51%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on PH shares. Mizuho set a $1,050.00 target price on shares of Parker-Hannifin in a research note on Friday, May 1st. Morgan Stanley lifted their target price on shares of Parker-Hannifin from $945.00 to $1,038.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 24th. KeyCorp reiterated an “overweight” rating and issued a $1,100.00 target price on shares of Parker-Hannifin in a research note on Friday, January 30th. Citigroup lifted their target price on shares of Parker-Hannifin from $1,137.00 to $1,141.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Finally, Evercore set a $1,064.00 target price on shares of Parker-Hannifin in a research note on Monday, May 11th. Seventeen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Parker-Hannifin presently has an average rating of “Moderate Buy” and an average target price of $1,020.80.

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.