Passumpsic Savings Bank Takes Position in Parker-Hannifin Corporation $PH

Passumpsic Savings Bank purchased a new stake in shares of Parker-Hannifin Corporation (NYSE:PH) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,833 shares of the industrial products company’s stock, valued at approximately $3,369,000. Parker-Hannifin accounts for about 1.8% of Passumpsic Savings Bank’s portfolio, making the stock its 14th biggest holding.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Parker-Hannifin by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 11,142,535 shares of the industrial products company’s stock valued at $9,793,843,000 after acquiring an additional 33,606 shares during the period. Bank of America Corp DE boosted its holdings in Parker-Hannifin by 0.6% during the third quarter. Bank of America Corp DE now owns 3,904,591 shares of the industrial products company’s stock worth $2,960,266,000 after buying an additional 22,706 shares during the last quarter. Capital World Investors boosted its holdings in 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 buying an additional 169,073 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Parker-Hannifin by 0.6% during the third quarter. Ameriprise Financial Inc. now owns 2,207,996 shares of the industrial products company’s stock worth $1,674,132,000 after buying an additional 13,309 shares during the last quarter. Finally, UBS Group AG boosted its holdings in Parker-Hannifin by 2.7% during the fourth quarter. UBS Group AG now owns 982,780 shares of the industrial products company’s stock worth $863,824,000 after buying an additional 25,968 shares during the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PH. Jefferies Financial Group raised their target price on Parker-Hannifin from $1,050.00 to $1,100.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Stifel Nicolaus upped their target price 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. BMO Capital Markets assumed coverage on shares of Parker-Hannifin in a report on Friday, March 27th. They issued an “outperform” rating and a $1,090.00 target price on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Parker-Hannifin in a report on Tuesday, April 21st. Finally, Truist Financial set a $1,147.00 target price on shares of Parker-Hannifin in a report on Friday, May 1st. Seventeen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,022.30.

Parker-Hannifin Trading Down 0.2%

NYSE PH opened at $861.31 on Monday. The firm has a market cap of $108.71 billion, a P/E ratio of 31.77, a P/E/G ratio of 2.51 and a beta of 1.18. 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’s 50-day moving average is $925.06 and its 200-day moving average is $911.42. Parker-Hannifin Corporation has a one year low of $637.21 and a one year high of $1,034.96.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings results 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. The company had revenue of $5.49 billion for the quarter, compared to analyst estimates of $5.40 billion. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.Parker-Hannifin’s revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the firm posted $6.94 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. Sell-side 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 will be paid on Friday, June 5th. Stockholders of record on Friday, May 8th will be given a dividend of $2.00 per share. This is an increase from Parker-Hannifin’s previous quarterly dividend of $1.80. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, May 8th. Parker-Hannifin’s payout ratio is 29.51%.

Parker-Hannifin Company 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.