OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Takes $13.59 Million Position in Parker-Hannifin Corporation $PH

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Parker-Hannifin Corporation (NYSE:PH) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,460 shares of the industrial products company’s stock, valued at approximately $13,589,000. Parker-Hannifin comprises 1.6% of OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s investment portfolio, making the stock its 15th largest position.

A number of other hedge funds have also recently made changes to their positions in the stock. Norges Bank bought a new position in Parker-Hannifin during the 4th quarter worth about $1,756,230,000. Eurizon Capital SGR S.p.A. bought a new position in Parker-Hannifin during the 4th quarter worth about $185,532,000. Focus Partners Wealth grew its holdings in Parker-Hannifin by 1,535.3% during 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 in the last quarter. Capital World Investors lifted its position in shares of Parker-Hannifin by 7.0% during the third quarter. Capital World Investors now owns 2,584,141 shares of the industrial products company’s stock valued at $1,959,166,000 after buying an additional 169,073 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab purchased a new stake in shares of Parker-Hannifin during the fourth quarter valued at about $104,040,000. 82.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PH has been the subject of several research analyst reports. 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 report on Friday, April 10th. Truist Financial set a $1,147.00 price objective on shares of Parker-Hannifin in a research report on Friday, May 1st. Wall Street Zen lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Citigroup reissued a “buy” rating on shares of Parker-Hannifin in a research report on Monday, June 8th. Finally, Mizuho set a $1,050.00 price target on shares of Parker-Hannifin in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Parker-Hannifin currently has an average rating of “Moderate Buy” and an average price target of $1,021.05.

Parker-Hannifin Stock Performance

PH opened at $919.22 on Tuesday. The firm has a market capitalization of $115.90 billion, a PE ratio of 33.91, a P/E/G ratio of 2.63 and a beta of 1.14. Parker-Hannifin Corporation has a 12-month low of $646.51 and a 12-month high of $1,034.96. The firm has a 50 day moving average of $907.65 and a two-hundred day moving average of $919.33. 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 quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $5.40 billion. During the same quarter last year, the company earned $6.94 EPS. The business’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. On average, analysts anticipate that Parker-Hannifin Corporation will post 31.26 EPS for the current year.

Parker-Hannifin Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 8th were paid a $2.00 dividend. 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 0.9%. This is an increase from Parker-Hannifin’s previous quarterly dividend of $1.80. Parker-Hannifin’s dividend payout ratio is 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.