2,697 Shares in Parker-Hannifin Corporation $PH Purchased by Blue Capital Inc.

Blue Capital Inc. acquired a new position in shares of Parker-Hannifin Corporation (NYSE:PH) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,697 shares of the industrial products company’s stock, valued at approximately $2,414,000. Parker-Hannifin accounts for approximately 1.6% of Blue Capital Inc.’s portfolio, making the stock its 23rd largest position.

Other large investors also recently made changes to their positions in the company. Peregrine Asset Advisers Inc. lifted its position in shares of Parker-Hannifin by 17.3% during the 1st quarter. Peregrine Asset Advisers Inc. now owns 325 shares of the industrial products company’s stock worth $291,000 after buying an additional 48 shares during the last quarter. Vision Capital Management Inc. acquired a new position in shares of Parker-Hannifin during the first quarter worth $203,000. Capital Asset Advisory Services LLC bought a new position in shares of Parker-Hannifin in the 1st quarter valued at $186,000. Essex Financial Services Inc. lifted its stake in shares of Parker-Hannifin by 4.2% in the 1st quarter. Essex Financial Services Inc. now owns 1,221 shares of the industrial products company’s stock valued at $1,093,000 after acquiring an additional 49 shares during the last quarter. Finally, Fulton Bank N.A. boosted its holdings in shares of Parker-Hannifin by 13.8% during the 1st quarter. Fulton Bank N.A. now owns 906 shares of the industrial products company’s stock valued at $811,000 after acquiring an additional 110 shares in the last quarter. Institutional investors own 82.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PH. Truist Financial boosted their target price on shares of Parker-Hannifin from $1,147.00 to $1,269.00 and gave the stock a “buy” rating in a report on Thursday. Wall Street Zen lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Citigroup reissued a “buy” rating on shares of Parker-Hannifin in a research note on Monday, June 8th. Mizuho set a $1,050.00 price objective on Parker-Hannifin in a report on Friday, May 1st. Finally, Stifel Nicolaus lifted their target price on Parker-Hannifin from $965.00 to $1,000.00 and gave the stock a “hold” rating in a report on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,026.86.

Parker-Hannifin Stock Down 0.0%

Parker-Hannifin stock opened at $963.45 on Friday. 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 $692.02 and a 12-month high of $1,034.96. The firm’s fifty day moving average is $907.23 and its 200 day moving average is $927.50. The company has a market capitalization of $121.48 billion, a PE ratio of 35.54, a PEG ratio of 2.58 and a beta of 1.11.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported $8.17 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $5.40 billion. During the same period last year, the company posted $6.94 earnings per share. The business’s quarterly 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, sell-side analysts predict 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. 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. The ex-dividend date of this dividend was Friday, May 8th. This represents a $8.00 dividend on an annualized basis and a yield of 0.8%. Parker-Hannifin’s dividend payout ratio (DPR) 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.