Banco Santander S.A. Has $31.11 Million Stock Position in Parker-Hannifin Corporation $PH

Banco Santander S.A. reduced its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 4.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 35,398 shares of the industrial products company’s stock after selling 1,692 shares during the period. Banco Santander S.A.’s holdings in Parker-Hannifin were worth $31,113,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Sumitomo Life Insurance Co. grew its holdings in shares of Parker-Hannifin by 0.3% during the fourth quarter. Sumitomo Life Insurance Co. now owns 4,935 shares of the industrial products company’s stock valued at $4,338,000 after buying an additional 16 shares during the last quarter. Kane Investment Management Inc. acquired a new position in shares of Parker-Hannifin during the fourth quarter valued at about $207,000. Klingenstein Fields & Co. LP acquired a new position in shares of Parker-Hannifin during the fourth quarter valued at about $208,000. Wealthspire Advisors LLC grew its holdings in shares of Parker-Hannifin by 27.3% during the fourth quarter. Wealthspire Advisors LLC now owns 1,751 shares of the industrial products company’s stock valued at $1,539,000 after buying an additional 376 shares during the last quarter. Finally, Allianz SE acquired a new position in shares of Parker-Hannifin during the fourth quarter valued at about $9,405,000. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on PH shares. Truist Financial set a $1,147.00 price objective on shares of Parker-Hannifin in a report on Friday, May 1st. Weiss Ratings restated a “buy (b)” rating on shares of Parker-Hannifin in a report on Tuesday, April 21st. Citigroup restated a “buy” rating on shares of Parker-Hannifin in a report on Monday. Mizuho set a $1,050.00 price target on shares of Parker-Hannifin in a report on Friday, May 1st. Finally, Sanford C. Bernstein assumed coverage on shares of Parker-Hannifin in a report on Tuesday. They set an “outperform” rating and a $1,026.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Parker-Hannifin presently has a consensus rating of “Moderate Buy” and an average price target of $1,021.05.

Parker-Hannifin Stock Performance

NYSE PH opened at $901.89 on Friday. The company’s 50 day moving average is $907.43 and its 200-day moving average is $918.32. Parker-Hannifin Corporation has a 12-month low of $646.51 and a 12-month high of $1,034.96. The company has a quick ratio of 0.66, a current ratio of 1.13 and a debt-to-equity ratio of 0.46. The firm has a market cap of $113.72 billion, a P/E ratio of 33.27, a price-to-earnings-growth ratio of 2.62 and a beta of 1.14.

Parker-Hannifin (NYSE:PH) last posted its quarterly 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 net margin of 16.58% and a return on equity of 27.97%. The company had revenue of $5.49 billion for the quarter, compared to analyst estimates of $5.40 billion. During the same quarter in the previous year, the firm posted $6.94 earnings per share. The company’s quarterly 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. Sell-side analysts predict that Parker-Hannifin Corporation will post 31.26 earnings per share for the current year.

Parker-Hannifin Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 8th were paid a dividend of $2.00 per share. This is an increase from Parker-Hannifin’s previous quarterly dividend of $1.80. This represents a $8.00 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, May 8th. Parker-Hannifin’s dividend payout ratio is presently 29.51%.

About Parker-Hannifin

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.