Parker-Hannifin Corporation $PH Shares Bought by National Pension Service

National Pension Service raised its position in Parker-Hannifin Corporation (NYSE:PH) by 19.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 352,582 shares of the industrial products company’s stock after acquiring an additional 57,680 shares during the period. National Pension Service owned approximately 0.28% of Parker-Hannifin worth $309,905,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its stake in Parker-Hannifin by 14.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 79,264 shares of the industrial products company’s stock valued at $69,670,000 after acquiring an additional 10,118 shares in the last quarter. Ilmarinen Mutual Pension Insurance Co acquired a new stake in Parker-Hannifin in the fourth quarter valued at approximately $17,579,000. Moors & Cabot Inc. boosted its stake in Parker-Hannifin by 2.0% in the fourth quarter. Moors & Cabot Inc. now owns 2,664 shares of the industrial products company’s stock valued at $2,342,000 after acquiring an additional 51 shares in the last quarter. Intech Investment Management LLC boosted its stake in Parker-Hannifin by 1.8% in the fourth quarter. Intech Investment Management LLC now owns 4,383 shares of the industrial products company’s stock valued at $3,852,000 after acquiring an additional 76 shares in the last quarter. Finally, Foundations Investment Advisors LLC boosted its stake in Parker-Hannifin by 11.4% in the fourth quarter. Foundations Investment Advisors LLC now owns 391 shares of the industrial products company’s stock valued at $344,000 after acquiring an additional 40 shares in the last quarter. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Parker-Hannifin Trading Down 0.5%

NYSE:PH opened at $852.60 on Friday. Parker-Hannifin Corporation has a 12 month low of $646.51 and a 12 month high of $1,034.96. The firm has a fifty day simple moving average of $914.19 and a 200-day simple moving average of $916.07. The company has a current ratio of 1.13, a quick ratio of 0.66 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $107.50 billion, a P/E ratio of 31.45, a PEG ratio of 2.49 and a beta of 1.18.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $8.17 EPS for the quarter, topping 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 business had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.40 billion. During the same period in the previous year, the firm posted $6.94 earnings per share. The business’s revenue for the quarter 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. On average, equities research analysts anticipate 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 will be paid on Friday, June 5th. Investors of record on Friday, May 8th will be issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 0.9%. This is a boost from Parker-Hannifin’s previous quarterly dividend of $1.80. The ex-dividend date of this dividend is Friday, May 8th. Parker-Hannifin’s dividend payout ratio is 29.51%.

Analyst Ratings Changes

Several equities research analysts have weighed in on PH shares. iA Financial set a $1,032.00 target price on shares of Parker-Hannifin in a research note on Thursday, January 29th. KeyCorp reiterated an “overweight” rating and set a $1,100.00 price objective on shares of Parker-Hannifin in a research note on Friday, January 30th. Barclays lifted their price objective on shares of Parker-Hannifin from $990.00 to $1,020.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. Robert W. Baird set a $1,050.00 price objective on shares of Parker-Hannifin in a research note on Friday, January 30th. Finally, Evercore set a $1,064.00 price objective on shares of Parker-Hannifin in a research note on Monday, May 11th. Seventeen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,020.80.

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.