111 Capital Acquires 591 Shares of Parker-Hannifin Corporation $PH

111 Capital raised its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 132.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,037 shares of the industrial products company’s stock after purchasing an additional 591 shares during the period. 111 Capital’s holdings in Parker-Hannifin were worth $911,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PH. Norges Bank purchased a new stake in shares of Parker-Hannifin in the fourth quarter worth $1,756,230,000. Eurizon Capital SGR S.p.A. bought a new position in Parker-Hannifin in the 4th quarter worth about $185,532,000. Capital World Investors grew its position in Parker-Hannifin by 7.0% during the 3rd quarter. Capital World Investors now owns 2,584,141 shares of the industrial products company’s stock valued at $1,959,166,000 after purchasing an additional 169,073 shares during the last quarter. PFA Pension Forsikringsaktieselskab bought a new stake in Parker-Hannifin during the 4th quarter valued at about $104,040,000. Finally, California Public Employees Retirement System increased its stake in Parker-Hannifin by 51.3% during the 3rd quarter. California Public Employees Retirement System now owns 336,247 shares of the industrial products company’s stock valued at $254,926,000 after purchasing an additional 114,008 shares in the last quarter. Institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Stock Performance

Shares of NYSE PH opened at $883.20 on Friday. The company has a market cap of $111.36 billion, a P/E ratio of 32.58, a P/E/G ratio of 2.54 and a beta of 1.14. Parker-Hannifin Corporation has a 52-week low of $646.51 and a 52-week high of $1,034.96. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 1.13. The firm’s fifty day moving average is $907.35 and its two-hundred day moving average is $915.87.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $8.17 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $5.40 billion. During the same quarter in the prior year, the firm earned $6.94 EPS. The business’s revenue 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, analysts anticipate that Parker-Hannifin Corporation will post 31.26 EPS for the current fiscal year.

Parker-Hannifin Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 8th were issued a dividend of $2.00 per share. The ex-dividend date was Friday, May 8th. This represents a $8.00 annualized dividend 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 (DPR) is 29.51%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PH. BMO Capital Markets started coverage on shares of Parker-Hannifin in a research note on Friday, March 27th. They issued an “outperform” rating and a $1,090.00 target price on the stock. Stifel Nicolaus upped their price objective on Parker-Hannifin from $965.00 to $1,000.00 and gave the company a “hold” rating in a research report on Friday, April 10th. Evercore set a $1,064.00 target price on Parker-Hannifin in a research note on Monday, May 11th. Citigroup boosted their price target on 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, Truist Financial set a $1,147.00 price objective on Parker-Hannifin in a research report on Friday, May 1st. Seventeen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Parker-Hannifin has an average rating of “Moderate Buy” and a consensus 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.