Eurizon SLJ Capital Ltd Acquires New Holdings in Parker-Hannifin Corporation $PH

Eurizon SLJ Capital Ltd acquired a new stake in Parker-Hannifin Corporation (NYSE:PH) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 596 shares of the industrial products company’s stock, valued at approximately $524,000.

A number of other institutional investors have also made changes to their positions in the stock. Eurizon Capital SGR S.p.A. bought a new position in shares of Parker-Hannifin in the 4th quarter valued at approximately $185,532,000. Fideuram Asset Management Ireland dac bought a new position in shares of Parker-Hannifin in the 4th quarter valued at approximately $1,253,000. National Pension Service raised its stake in shares of Parker-Hannifin by 19.6% in the 4th quarter. National Pension Service now owns 352,582 shares of the industrial products company’s stock valued at $309,905,000 after acquiring an additional 57,680 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Parker-Hannifin by 14.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 79,264 shares of the industrial products company’s stock valued at $69,670,000 after acquiring an additional 10,118 shares in the last quarter. Finally, Ilmarinen Mutual Pension Insurance Co bought a new position in shares of Parker-Hannifin in the 4th quarter valued at approximately $17,579,000. 82.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PH has been the topic of a number of recent analyst reports. Jefferies Financial Group raised their price objective on Parker-Hannifin from $1,050.00 to $1,100.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Robert W. Baird set a $1,050.00 price objective on Parker-Hannifin in a research note on Friday, January 30th. Morgan Stanley raised their price objective on Parker-Hannifin from $945.00 to $1,038.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 24th. BMO Capital Markets assumed coverage on Parker-Hannifin in a report on Friday, March 27th. They issued an “outperform” rating and a $1,090.00 target price on the stock. Finally, Evercore set a $1,064.00 target price on Parker-Hannifin in a report on Monday, May 11th. Seventeen analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,020.80.

Parker-Hannifin Stock Performance

PH opened at $844.13 on Friday. The firm has a market capitalization of $106.43 billion, a P/E ratio of 31.14, a price-to-earnings-growth ratio of 2.48 and a beta of 1.18. The stock’s 50 day moving average price is $912.81 and its two-hundred day moving average price is $915.57. The company has a quick ratio of 0.66, a current ratio of 1.13 and a debt-to-equity ratio of 0.46. Parker-Hannifin Corporation has a 12-month low of $646.51 and a 12-month high of $1,034.96.

Parker-Hannifin (NYSE:PH) last released its earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.84 by $0.33. The firm had revenue of $5.49 billion for 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 company’s revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the firm posted $6.94 EPS. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. On average, equities analysts forecast that Parker-Hannifin Corporation will post 31.26 earnings per share for the current year.

Parker-Hannifin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 8th will be issued a $2.00 dividend. This is an increase from Parker-Hannifin’s previous quarterly dividend of $1.80. 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%. Parker-Hannifin’s payout ratio is 29.51%.

Parker-Hannifin Company 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.