Parker-Hannifin Corporation $PH Shares Purchased by Railway Pension Investments Ltd

Railway Pension Investments Ltd boosted its position in Parker-Hannifin Corporation (NYSE:PHFree Report) by 307.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 83,160 shares of the industrial products company’s stock after purchasing an additional 62,760 shares during the period. Railway Pension Investments Ltd’s holdings in Parker-Hannifin were worth $73,094,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in PH. Texas Capital Bancshares Inc TX acquired a new stake in Parker-Hannifin in the third quarter worth approximately $25,000. HFM Investment Advisors LLC lifted its position in Parker-Hannifin by 1,000.0% in the fourth quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 30 shares during the period. Lloyd Advisory Services LLC. acquired a new stake in Parker-Hannifin in the fourth quarter worth approximately $31,000. Ameriflex Group Inc. lifted its position in Parker-Hannifin by 366.7% in the third quarter. Ameriflex Group Inc. now owns 42 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 33 shares during the period. Finally, Mowery & Schoenfeld Wealth Management LLC lifted its position in Parker-Hannifin by 80.0% in the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 16 shares during the period. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Parker-Hannifin Price Performance

Shares of NYSE:PH opened at $844.13 on Friday. Parker-Hannifin Corporation has a one year low of $646.51 and a one year high of $1,034.96. The stock has a fifty day moving average of $912.81 and a 200-day moving average of $915.57. The company has a market capitalization of $106.44 billion, a PE ratio of 31.14, a price-to-earnings-growth ratio of 2.46 and a beta of 1.18. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 1.13.

Parker-Hannifin (NYSE:PHGet Free Report) last announced its quarterly earnings data on Thursday, April 30th. The industrial products company reported $8.17 EPS for the quarter, beating analysts’ consensus estimates of $7.84 by $0.33. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The company had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.40 billion. During the same quarter in the prior 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. As a group, equities analysts anticipate that Parker-Hannifin Corporation will post 31.26 EPS for the current fiscal year.

Parker-Hannifin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 8th will be paid a dividend of $2.00 per share. This is an increase from Parker-Hannifin’s previous quarterly dividend of $1.80. The ex-dividend date of this dividend is Friday, May 8th. This represents a $8.00 annualized dividend and a yield of 0.9%. Parker-Hannifin’s dividend payout ratio (DPR) is presently 29.51%.

Analyst Upgrades and Downgrades

PH has been the subject of a number of research analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Parker-Hannifin in a research report on Tuesday, April 21st. Truist Financial set a $1,147.00 price objective on Parker-Hannifin in a research report on Friday, May 1st. Evercore set a $1,064.00 price objective on Parker-Hannifin in a research report on Monday, May 11th. Morgan Stanley increased their price objective on Parker-Hannifin from $945.00 to $1,038.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 24th. Finally, Wall Street Zen upgraded Parker-Hannifin from a “hold” rating to a “buy” rating in a research report on Wednesday, February 4th. Seventeen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,020.80.

View Our Latest Report on PH

About Parker-Hannifin

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Parker-Hannifin (NYSE:PH)

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