IFM Investors Pty Ltd Increases Stock Position in Parker-Hannifin Corporation $PH

IFM Investors Pty Ltd grew its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 2.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,782 shares of the industrial products company’s stock after purchasing an additional 644 shares during the quarter. IFM Investors Pty Ltd’s holdings in Parker-Hannifin were worth $22,186,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new position in Parker-Hannifin during the 4th quarter worth approximately $1,756,230,000. Eurizon Capital SGR S.p.A. purchased a new stake in Parker-Hannifin in the fourth quarter valued at approximately $185,532,000. Focus Partners Wealth boosted its holdings in shares of 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 valued at $194,106,000 after acquiring an additional 207,495 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Parker-Hannifin by 119.3% during the first 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 last quarter. Finally, Capital World Investors grew 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 worth $1,959,166,000 after acquiring an additional 169,073 shares during the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Parker-Hannifin Stock Performance

NYSE PH opened at $978.15 on Wednesday. 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 business’s 50 day moving average is $908.04 and its two-hundred day moving average is $926.47. Parker-Hannifin Corporation has a 12-month low of $691.47 and a 12-month high of $1,034.96. The stock has a market capitalization of $123.33 billion, a price-to-earnings ratio of 36.08, a PEG ratio of 2.80 and a beta of 1.14.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported $8.17 EPS for the quarter, beating the consensus estimate of $7.84 by $0.33. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The business had revenue of $5.49 billion during the quarter, compared to analysts’ expectations of $5.40 billion. During the same period last year, the firm earned $6.94 EPS. The company’s quarterly revenue 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. Research analysts expect that Parker-Hannifin Corporation will post 31.26 EPS for the current year.

Parker-Hannifin Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 8th were issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.8%. This is an increase from Parker-Hannifin’s previous quarterly dividend of $1.80. The ex-dividend date of this dividend was Friday, May 8th. Parker-Hannifin’s dividend payout ratio is 29.51%.

Analyst Upgrades and Downgrades

Several analysts recently commented on PH shares. JPMorgan Chase & Co. reduced their price target on shares of 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. Stifel Nicolaus raised their price objective on shares of Parker-Hannifin from $965.00 to $1,000.00 and gave the stock a “hold” rating in a research report on Friday, April 10th. Citigroup restated a “buy” rating on shares of Parker-Hannifin in a research note on Monday, June 8th. Truist Financial set a $1,147.00 target price on shares of Parker-Hannifin in a report on Friday, May 1st. Finally, Mizuho set a $1,050.00 target price on shares of Parker-Hannifin in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Parker-Hannifin presently has a consensus rating of “Moderate Buy” and an average target price of $1,021.05.

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.