Parker-Hannifin Corporation $PH Shares Acquired by Vise Technologies Inc.

Vise Technologies Inc. lifted its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 12.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,842 shares of the industrial products company’s stock after purchasing an additional 763 shares during the quarter. Vise Technologies Inc.’s holdings in Parker-Hannifin were worth $6,537,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of PH. BlackRock Inc. purchased a new stake in Parker-Hannifin in the 2nd quarter valued at approximately $10,163,362,000. Bank of America Corp DE purchased a new position in shares of Parker-Hannifin during the 2nd quarter worth approximately $3,273,507,000. Deutsche Bank AG purchased a new position in shares of Parker-Hannifin during the 2nd quarter worth approximately $987,587,000. Bank of New York Mellon Corp acquired a new stake in shares of Parker-Hannifin in the 2nd quarter valued at approximately $712,222,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Parker-Hannifin in the 2nd quarter valued at approximately $305,628,000. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Wells Fargo & Company assumed coverage on Parker-Hannifin in a research report on Thursday, September 24th. They issued an “equal weight” rating and a $1,050.00 price objective for the company. Sanford C. Bernstein boosted their target price on shares of Parker-Hannifin from $1,037.00 to $1,218.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Parker-Hannifin in a research note on Thursday, October 15th. Stifel Nicolaus set a $1,002.00 price target on shares of Parker-Hannifin in a report on Monday, October 19th. Finally, The Goldman Sachs Group increased their price target on shares of Parker-Hannifin from $1,071.00 to $1,165.00 and gave the company a “buy” rating in a report on Friday, August 7th. Eighteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Parker-Hannifin presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,146.35.

Insiders Place Their Bets

In related news, VP Berend Bracht sold 602 shares of the firm’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $1,040.47, for a total transaction of $626,362.94. Following the completion of the sale, the vice president directly owned 4,399 shares of the company’s stock, valued at approximately $4,577,027.53. This trade represents a 12.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.35% of the stock is currently owned by corporate insiders.

Parker-Hannifin Stock Performance

NYSE PH opened at $928.57 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 1.26 and a debt-to-equity ratio of 0.44. Parker-Hannifin Corporation has a fifty-two week low of $755.10 and a fifty-two week high of $1,099.94. The business has a fifty day moving average of $954.69 and a 200-day moving average of $949.68. The stock has a market cap of $117.10 billion, a price-to-earnings ratio of 28.22, a price-to-earnings-growth ratio of 2.54 and a beta of 1.12.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings results on Thursday, August 6th. The industrial products company reported $9.27 EPS for the quarter, topping analysts’ consensus estimates of $8.31 by $0.96. Parker-Hannifin had a net margin of 16.97% and a return on equity of 28.48%. The business had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.57 billion. During the same period in the previous year, the firm posted $7.69 earnings per share. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. As a group, analysts predict that Parker-Hannifin Corporation will post 35.72 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 13th will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $8.00 annualized dividend and a yield of 0.9%. Parker-Hannifin’s payout ratio is 28.08%.

About Parker-Hannifin

Parker-Hannifin Corporation is a diversified manufacturer of motion and control technologies and systems. The company serves aerospace, industrial, and other specialized markets with products designed to control the movement and flow of liquids and gases, as well as mechanical motion and power.

Its product portfolio includes hydraulic and pneumatic systems, filtration and process-control equipment, electromechanical technologies, sealing and shielding products, connectors, pumps, valves, and related components.