Andra AP fonden Raises Stake in Parker-Hannifin Corporation $PH

Andra AP fonden lifted its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 90.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 28,687 shares of the industrial products company’s stock after purchasing an additional 13,611 shares during the quarter. Andra AP fonden’s holdings in Parker-Hannifin were worth $25,682,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Norges Bank purchased a new stake in Parker-Hannifin during the fourth quarter worth about $1,756,230,000. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Parker-Hannifin during the 4th quarter worth approximately $185,532,000. Focus Partners Wealth grew its holdings in shares of Parker-Hannifin by 1,535.3% in the 4th quarter. Focus Partners Wealth now owns 221,010 shares of the industrial products company’s stock worth $194,106,000 after acquiring an additional 207,495 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of Parker-Hannifin by 119.3% in the 1st quarter. Assenagon Asset Management S.A. now owns 340,727 shares of the industrial products company’s stock worth $305,032,000 after acquiring an additional 185,367 shares during the period. Finally, Jennison Associates LLC increased its stake in Parker-Hannifin by 152.2% in the 1st quarter. Jennison Associates LLC now owns 261,912 shares of the industrial products company’s stock valued at $234,474,000 after purchasing an additional 158,081 shares in the last quarter. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on PH shares. JPMorgan Chase & Co. reduced their price objective on Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. Weiss Ratings restated a “buy (b)” rating on shares of Parker-Hannifin in a research report on Tuesday, April 21st. Citigroup reaffirmed a “buy” rating on shares of Parker-Hannifin in a research note on Monday, June 8th. Stifel Nicolaus increased their price objective on shares of Parker-Hannifin from $965.00 to $1,000.00 and gave the company a “hold” rating in a research note on Friday, April 10th. Finally, Wall Street Zen downgraded shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Eighteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,027.38.

Parker-Hannifin Stock Down 0.3%

Shares of NYSE:PH opened at $950.03 on Tuesday. 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 company has a market capitalization of $119.79 billion, a P/E ratio of 35.04, a P/E/G ratio of 2.54 and a beta of 1.11. Parker-Hannifin Corporation has a 52-week low of $692.02 and a 52-week high of $1,034.96. The stock’s fifty day simple moving average is $914.33 and its 200-day simple moving average is $933.78.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $8.17 earnings per share for the quarter, beating analysts’ consensus estimates of $7.84 by $0.33. The business had revenue of $5.49 billion during the quarter, compared to analyst estimates of $5.40 billion. Parker-Hannifin had a net margin of 16.58% and a return on equity of 27.97%. The company’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.94 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. As a group, equities research analysts forecast that Parker-Hannifin Corporation will post 31.26 earnings per share for the current fiscal year.

Parker-Hannifin Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 8th were issued a $2.00 dividend. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $1.80. The ex-dividend date was Friday, May 8th. This represents a $8.00 annualized dividend and a yield of 0.8%. Parker-Hannifin’s dividend payout ratio (DPR) 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.