Parker-Hannifin Corporation $PH Stock Holdings Boosted by Erste Asset Management GmbH

Erste Asset Management GmbH raised its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 78.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,659 shares of the industrial products company’s stock after purchasing an additional 3,818 shares during the quarter. Erste Asset Management GmbH’s holdings in Parker-Hannifin were worth $7,606,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Parker-Hannifin by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 11,142,535 shares of the industrial products company’s stock valued at $9,793,843,000 after purchasing an additional 33,606 shares in the last quarter. Bank of America Corp DE boosted its stake in Parker-Hannifin by 0.6% during the 3rd quarter. Bank of America Corp DE now owns 3,904,591 shares of the industrial products company’s stock valued at $2,960,266,000 after purchasing an additional 22,706 shares in the last quarter. Capital World Investors boosted its stake in Parker-Hannifin by 0.6% during the 4th quarter. Capital World Investors now owns 2,600,844 shares of the industrial products company’s stock valued at $2,286,038,000 after purchasing an additional 16,703 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Parker-Hannifin by 0.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,207,996 shares of the industrial products company’s stock worth $1,674,132,000 after acquiring an additional 13,309 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Parker-Hannifin in the 4th quarter worth $1,756,230,000. 82.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. 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. Mizuho set a $1,050.00 target price on Parker-Hannifin in a report on Friday, May 1st. JPMorgan Chase & Co. decreased their target price on Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating on the stock in a report on Thursday, May 7th. Wells Fargo & Company decreased their target price on Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating on the stock in a report on Tuesday, May 26th. Finally, Morgan Stanley lifted their target price on Parker-Hannifin from $945.00 to $1,038.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 24th. Seventeen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Parker-Hannifin presently has a consensus rating of “Moderate Buy” and an average target price of $1,020.80.

Parker-Hannifin Stock Performance

Shares of Parker-Hannifin stock opened at $881.80 on Tuesday. The stock has a market cap of $111.19 billion, a PE ratio of 32.53, a price-to-earnings-growth ratio of 2.57 and a beta of 1.14. The business has a fifty day simple moving average of $906.99 and a 200-day simple moving average of $916.99. 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 issued its earnings results on Thursday, April 30th. The industrial products company reported $8.17 EPS for the quarter, topping the consensus estimate of $7.84 by $0.33. The business had revenue of $5.49 billion during the quarter, compared to analysts’ expectations of $5.40 billion. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.Parker-Hannifin’s revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the firm posted $6.94 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. On average, sell-side analysts anticipate that Parker-Hannifin Corporation will post 31.26 EPS for the current fiscal year.

Parker-Hannifin Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 8th were given a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 0.9%. This is a boost from Parker-Hannifin’s previous quarterly dividend of $1.80. The ex-dividend date of this dividend was Friday, May 8th. Parker-Hannifin’s payout ratio is 29.51%.

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.