OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Parker-Hannifin Corporation (NYSE:PH – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 15,460 shares of the industrial products company’s stock, valued at approximately $13,589,000. Parker-Hannifin comprises approximately 1.5% of OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s portfolio, making the stock its 16th biggest position.
Several other large investors have also made changes to their positions in PH. JFS Wealth Advisors LLC boosted its holdings in Parker-Hannifin by 6.8% in the fourth quarter. JFS Wealth Advisors LLC now owns 173 shares of the industrial products company’s stock valued at $152,000 after acquiring an additional 11 shares during the last quarter. Avion Wealth raised its holdings in Parker-Hannifin by 35.5% during the 4th quarter. Avion Wealth now owns 42 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 11 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its position in Parker-Hannifin by 1.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 614 shares of the industrial products company’s stock valued at $540,000 after purchasing an additional 11 shares during the period. Inspire Advisors LLC lifted its position in Parker-Hannifin by 1.2% during the 4th quarter. Inspire Advisors LLC now owns 917 shares of the industrial products company’s stock valued at $807,000 after purchasing an additional 11 shares during the period. Finally, 180 Wealth Advisors LLC boosted its stake in shares of Parker-Hannifin by 1.9% in the 4th quarter. 180 Wealth Advisors LLC now owns 652 shares of the industrial products company’s stock valued at $573,000 after purchasing an additional 12 shares during the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have recently commented on PH shares. Mizuho set a $1,050.00 price target on shares of Parker-Hannifin in a research report on Friday, May 1st. Weiss Ratings restated a “buy (b)” rating on shares of Parker-Hannifin in a report on Tuesday, April 21st. Stifel Nicolaus raised 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 note on Friday, April 10th. Truist Financial set a $1,147.00 target price on shares of Parker-Hannifin in a report on Friday, May 1st. Finally, JPMorgan Chase & Co. dropped their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,021.05.
Parker-Hannifin Price Performance
Parker-Hannifin stock opened at $954.25 on Friday. The firm has a market capitalization of $120.32 billion, a P/E ratio of 35.20, a PEG ratio of 2.77 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. The business has a 50-day moving average of $909.58 and a 200-day moving average of $921.35. 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 – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share for the quarter, beating 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 the consensus estimate of $5.40 billion. During the same period last year, the company posted $6.94 EPS. Parker-Hannifin’s revenue for the quarter 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, equities analysts anticipate that Parker-Hannifin Corporation will post 31.26 EPS for the current year.
Parker-Hannifin Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 8th were paid a $2.00 dividend. The ex-dividend date of this dividend was Friday, May 8th. This is a boost from Parker-Hannifin’s previous quarterly dividend of $1.80. This represents a $8.00 annualized dividend and a yield of 0.8%. Parker-Hannifin’s payout ratio is currently 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.
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