Swedbank AB Acquires 84,447 Shares of Parker-Hannifin Corporation $PH

Swedbank AB increased its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 32.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 346,522 shares of the industrial products company’s stock after purchasing an additional 84,447 shares during the quarter. Swedbank AB’s holdings in Parker-Hannifin were worth $304,579,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Parker-Hannifin by 3.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 269,229 shares of the industrial products company’s stock worth $240,741,000 after purchasing an additional 8,887 shares during the period. AssuredPartners Investment Advisors LLC lifted its holdings in shares of Parker-Hannifin by 59.9% in the fourth quarter. AssuredPartners Investment Advisors LLC now owns 753 shares of the industrial products company’s stock worth $662,000 after buying an additional 282 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in shares of Parker-Hannifin by 33.1% in the fourth quarter. SBI Securities Co. Ltd. now owns 193 shares of the industrial products company’s stock worth $170,000 after buying an additional 48 shares in the last quarter. Morse Asset Management Inc boosted its position in shares of Parker-Hannifin by 35.6% during the fourth quarter. Morse Asset Management Inc now owns 61 shares of the industrial products company’s stock worth $54,000 after acquiring an additional 16 shares during the last quarter. Finally, Foronjy Financial LLC bought a new position in shares of Parker-Hannifin during the fourth quarter worth $202,000. 82.44% of the stock is owned by hedge funds and other institutional investors.

Parker-Hannifin Stock Up 0.6%

Shares of NYSE PH opened at $872.54 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. Parker-Hannifin Corporation has a 12-month low of $608.31 and a 12-month high of $1,034.96. The firm’s 50-day moving average price is $945.13 and its 200-day moving average price is $904.12. The stock has a market capitalization of $110.13 billion, a price-to-earnings ratio of 32.19, a P/E/G ratio of 2.78 and a beta of 1.18.

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 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 company had revenue of $5.49 billion during the quarter, compared to analyst estimates of $5.40 billion. During the same quarter last year, the business posted $6.94 earnings per share. The firm’s revenue 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 research analysts anticipate that Parker-Hannifin Corporation will post 31.1 EPS for the current fiscal year.

Parker-Hannifin Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Friday, May 8th. This represents a $8.00 annualized dividend and a dividend yield of 0.9%. This is an increase from Parker-Hannifin’s previous quarterly dividend of $1.80. Parker-Hannifin’s dividend payout ratio is presently 26.56%.

Insider Buying and Selling at Parker-Hannifin

In related news, COO Andrew D. Ross sold 4,664 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $999.00, for a total value of $4,659,336.00. Following the transaction, the chief operating officer owned 13,120 shares of the company’s stock, valued at $13,106,880. This trade represents a 26.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Todd M. Leombruno sold 2,062 shares of Parker-Hannifin stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $1,002.34, for a total transaction of $2,066,825.08. Following the sale, the chief financial officer owned 20,610 shares of the company’s stock, valued at $20,658,227.40. The trade was a 9.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.32% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on PH shares. Truist Financial set a $1,147.00 price target on shares of Parker-Hannifin in a research note on Friday. Barclays lifted their target price on Parker-Hannifin from $990.00 to $1,020.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. The Goldman Sachs Group reiterated a “buy” rating on shares of Parker-Hannifin in a research report on Thursday, January 29th. Wall Street Zen raised Parker-Hannifin from a “hold” rating to a “buy” rating in a research note on Wednesday, February 4th. Finally, Stifel Nicolaus raised their price target on Parker-Hannifin from $965.00 to $1,000.00 and gave the company a “hold” rating in a report on Friday, April 10th. Seventeen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,012.45.

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.