Engineers Gate Manager LP Buys 43,063 Shares of Parker-Hannifin Corporation $PH

Engineers Gate Manager LP lifted its stake in Parker-Hannifin Corporation (NYSE:PH) by 3,872.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,175 shares of the industrial products company’s stock after acquiring an additional 43,063 shares during the quarter. Engineers Gate Manager LP’s holdings in Parker-Hannifin were worth $38,828,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in PH. Norges Bank bought a new stake in shares of Parker-Hannifin in the fourth quarter worth approximately $1,756,230,000. Eurizon Capital SGR S.p.A. purchased a new position in Parker-Hannifin in the fourth quarter worth about $185,532,000. Focus Partners Wealth boosted its position in Parker-Hannifin by 1,535.3% in the fourth quarter. Focus Partners Wealth now owns 221,010 shares of the industrial products company’s stock worth $194,106,000 after purchasing an additional 207,495 shares during the last quarter. Capital World Investors boosted its position in Parker-Hannifin by 7.0% in the third quarter. Capital World Investors now owns 2,584,141 shares of the industrial products company’s stock worth $1,959,166,000 after purchasing an additional 169,073 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab purchased a new position in Parker-Hannifin in the fourth quarter worth about $104,040,000. 82.44% of the stock is currently owned by institutional investors.

Parker-Hannifin Stock Performance

Shares of NYSE PH opened at $946.68 on Thursday. The firm has a fifty day moving average price of $908.95 and a 200-day moving average price of $920.46. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.66. The stock has a market cap of $119.37 billion, a PE ratio of 34.92, a price-to-earnings-growth ratio of 2.73 and a beta of 1.14. Parker-Hannifin Corporation has a 1 year low of $646.51 and a 1 year high of $1,034.96.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings data 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 firm had revenue of $5.49 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 10.6% compared to the same quarter last year. During the same period in the prior year, the company posted $6.94 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. Equities analysts anticipate 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 paid a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, May 8th. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $1.80. Parker-Hannifin’s dividend payout ratio is currently 29.51%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. JPMorgan Chase & Co. dropped their target price on Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. Mizuho set a $1,050.00 target price on Parker-Hannifin in a research report on Friday, May 1st. Truist Financial set a $1,147.00 target price on Parker-Hannifin in a research report on Friday, May 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Parker-Hannifin in a report on Tuesday, April 21st. Finally, Citigroup reaffirmed a “buy” rating on shares of Parker-Hannifin in a report on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,021.05.

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.