14,000 Shares in Parker-Hannifin Corporation $PH Acquired by EULAV Asset Management

EULAV Asset Management bought a new position in shares of Parker-Hannifin Corporation (NYSE:PH) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 14,000 shares of the industrial products company’s stock, valued at approximately $12,305,000.

A number of other institutional investors have also made changes to their positions in PH. Fideuram Asset Management Ireland dac bought a new stake in Parker-Hannifin in the fourth quarter valued at approximately $1,253,000. ING Groep NV bought a new stake in Parker-Hannifin in the third quarter valued at approximately $26,398,000. Citigroup Inc. lifted its position in Parker-Hannifin by 54.7% in the third quarter. Citigroup Inc. now owns 158,668 shares of the industrial products company’s stock valued at $120,294,000 after purchasing an additional 56,103 shares during the last quarter. Advisors Capital Management LLC lifted its position in Parker-Hannifin by 140.0% in the third quarter. Advisors Capital Management LLC now owns 2,232 shares of the industrial products company’s stock valued at $1,693,000 after purchasing an additional 1,302 shares during the last quarter. Finally, Truist Financial Corp lifted its position in Parker-Hannifin by 2.7% in the fourth quarter. Truist Financial Corp now owns 174,852 shares of the industrial products company’s stock valued at $153,687,000 after purchasing an additional 4,673 shares during the last quarter. 82.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PH. Wall Street Zen downgraded Parker-Hannifin from a “buy” rating to a “hold” rating in a research report on Saturday. Mizuho set a $1,050.00 price objective on Parker-Hannifin in a research report on Friday, May 1st. Evercore set a $1,064.00 target price on Parker-Hannifin in a research note on Monday, May 11th. Stifel Nicolaus boosted their target price on Parker-Hannifin from $965.00 to $1,000.00 and gave the company a “hold” rating in a research note on Friday, April 10th. Finally, Citigroup boosted their target price on Parker-Hannifin from $1,137.00 to $1,141.00 and gave the company a “buy” rating in a research note 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,020.80.

Parker-Hannifin Price Performance

PH opened at $883.20 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 1.13. Parker-Hannifin Corporation has a 52-week low of $646.51 and a 52-week high of $1,034.96. The stock has a market capitalization of $111.36 billion, a PE ratio of 32.58, a price-to-earnings-growth ratio of 2.54 and a beta of 1.14. The stock’s 50 day moving average price is $907.35 and its 200-day moving average price is $915.87.

Parker-Hannifin (NYSE:PH) last posted its earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.84 by $0.33. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The firm had revenue of $5.49 billion for the quarter, compared to analysts’ expectations of $5.40 billion. During the same period in the previous year, the firm earned $6.94 earnings per share. The business’s 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, equities research analysts predict that Parker-Hannifin Corporation will post 31.26 EPS for the current year.

Parker-Hannifin Increases Dividend

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