Parker-Hannifin Corporation $PH Shares Purchased by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lifted its position in Parker-Hannifin Corporation (NYSE:PH) by 129.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 84,988 shares of the industrial products company’s stock after purchasing an additional 47,930 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.07% of Parker-Hannifin worth $74,701,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in PH. Norges Bank acquired a new stake in shares of Parker-Hannifin in the 4th quarter valued at about $1,756,230,000. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Parker-Hannifin in the 4th quarter valued at about $185,532,000. Capital World Investors boosted its position in shares of 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 purchasing an additional 169,073 shares during the period. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Parker-Hannifin in the 4th quarter valued at about $104,040,000. Finally, California Public Employees Retirement System boosted its position in shares of 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 purchasing an additional 114,008 shares during the period. 82.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on PH shares. JPMorgan Chase & Co. decreased their price objective on Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating for the company in a research report on Thursday, May 7th. BMO Capital Markets started coverage on Parker-Hannifin in a research report on Friday, March 27th. They set an “outperform” rating and a $1,090.00 price objective for the company. Truist Financial set a $1,147.00 price objective on Parker-Hannifin in a research report on Friday, May 1st. Morgan Stanley increased their price objective on Parker-Hannifin from $945.00 to $1,038.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 24th. Finally, Mizuho set a $1,050.00 price objective on Parker-Hannifin in a research report on Friday, May 1st. One investment 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,021.05.

Parker-Hannifin Stock Down 0.2%

Parker-Hannifin stock opened at $901.89 on Monday. The stock has a market capitalization of $113.72 billion, a price-to-earnings ratio of 33.27, a PEG ratio of 2.63 and a beta of 1.14. The stock has a 50 day moving average of $907.43 and a two-hundred day moving average of $918.86. Parker-Hannifin Corporation has a twelve month low of $646.51 and a twelve month high of $1,034.96. 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 (NYSE:PH) last issued its earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.84 by $0.33. The business had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.40 billion. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the prior year, the business posted $6.94 EPS. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. As a group, research analysts expect that Parker-Hannifin Corporation will post 31.26 earnings per share for the current 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 paid a dividend of $2.00 per share. This is a positive change 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 dividend yield of 0.9%. Parker-Hannifin’s dividend payout ratio (DPR) 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.