CenterBook Partners LP Invests $1.45 Million in Parker-Hannifin Corporation $PH

CenterBook Partners LP purchased a new stake in Parker-Hannifin Corporation (NYSE:PH) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,648 shares of the industrial products company’s stock, valued at approximately $1,449,000.

Several other institutional investors have also recently added to or reduced their stakes in PH. Norges Bank acquired a new position in Parker-Hannifin in the 4th quarter valued at about $1,756,230,000. Eurizon Capital SGR S.p.A. acquired a new position in Parker-Hannifin in the 4th quarter valued at about $185,532,000. Capital World Investors increased its position in Parker-Hannifin by 7.0% in 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 acquiring an additional 169,073 shares during the period. PFA Pension Forsikringsaktieselskab acquired a new position in Parker-Hannifin in the 4th quarter valued at about $104,040,000. Finally, California Public Employees Retirement System increased its position in Parker-Hannifin by 51.3% in 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 acquiring an additional 114,008 shares during the period. Institutional investors and hedge funds own 82.44% of the company’s stock.

Wall Street Analysts Forecast Growth

PH has been the topic of several recent research reports. Wells Fargo & Company dropped their price target on Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 26th. Mizuho set a $1,050.00 price target on Parker-Hannifin in a research report on Friday, May 1st. Truist Financial set a $1,147.00 price target on Parker-Hannifin in a research report on Friday, May 1st. Morgan Stanley boosted their price target on Parker-Hannifin from $945.00 to $1,038.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 24th. Finally, BMO Capital Markets began coverage on Parker-Hannifin in a research report on Friday, March 27th. They issued an “outperform” rating and a $1,090.00 price target on the stock. Eighteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,021.05.

Parker-Hannifin Stock Performance

NYSE PH opened at $876.58 on Thursday. The company has a current ratio of 1.13, a quick ratio of 0.66 and a debt-to-equity ratio of 0.46. The business’s 50 day moving average is $907.66 and its two-hundred day moving average is $917.99. Parker-Hannifin Corporation has a 12-month low of $646.51 and a 12-month high of $1,034.96. The stock has a market capitalization of $110.52 billion, a price-to-earnings ratio of 32.33, a PEG ratio of 2.63 and a beta of 1.14.

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, topping the consensus estimate of $7.84 by $0.33. The company had revenue of $5.49 billion for 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%.The firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.94 EPS. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. Research analysts expect 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 issued a $2.00 dividend. The ex-dividend date was Friday, May 8th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.9%. This is an increase from Parker-Hannifin’s previous quarterly dividend of $1.80. Parker-Hannifin’s payout ratio is currently 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.