Fiera Capital Corp Takes $24.92 Million Position in Parker-Hannifin Corporation $PH

Fiera Capital Corp purchased a new stake in shares of Parker-Hannifin Corporation (NYSE:PH) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 28,347 shares of the industrial products company’s stock, valued at approximately $24,916,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Landing Point Financial Group LLC lifted its holdings in shares of Parker-Hannifin by 16.7% during the fourth quarter. Landing Point Financial Group LLC now owns 496 shares of the industrial products company’s stock valued at $436,000 after purchasing an additional 71 shares in the last quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna bought a new position in shares of Parker-Hannifin during the fourth quarter valued at $608,000. Clearbridge Investments LLC lifted its holdings in shares of Parker-Hannifin by 2.4% during the fourth quarter. Clearbridge Investments LLC now owns 304,051 shares of the industrial products company’s stock valued at $267,249,000 after purchasing an additional 7,255 shares in the last quarter. SouthState Bank Corp lifted its holdings in shares of Parker-Hannifin by 1.9% during the fourth quarter. SouthState Bank Corp now owns 35,834 shares of the industrial products company’s stock valued at $31,497,000 after purchasing an additional 685 shares in the last quarter. Finally, Syon Capital LLC lifted its holdings in shares of Parker-Hannifin by 1.9% during the fourth quarter. Syon Capital LLC now owns 2,151 shares of the industrial products company’s stock valued at $1,891,000 after purchasing an additional 41 shares in the last quarter. 82.44% of the stock is owned by institutional investors.

Parker-Hannifin Stock Performance

NYSE:PH opened at $881.80 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 0.66 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. The stock has a 50-day moving average price of $906.99 and a 200 day moving average price of $916.99. The stock has a market capitalization of $111.19 billion, a P/E ratio of 32.53, a P/E/G ratio of 2.57 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. 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 during the quarter, compared to analysts’ expectations of $5.40 billion. During the same quarter last year, the business posted $6.94 earnings per share. The firm’s 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. Equities research analysts forecast 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. Investors of record on Friday, May 8th were given 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 dividend yield of 0.9%. The ex-dividend date was Friday, May 8th. Parker-Hannifin’s dividend payout ratio (DPR) is 29.51%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on PH shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Parker-Hannifin in a report on Tuesday, April 21st. Wall Street Zen downgraded Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Saturday. Wells Fargo & Company lowered 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. BMO Capital Markets started 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. Finally, Evercore set a $1,064.00 target price on Parker-Hannifin in a report on Monday, May 11th. Seventeen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,020.80.

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.