Parker-Hannifin Corporation $PH Stock Acquired by Danske Bank A S

Danske Bank A S grew its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 4.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 97,836 shares of the industrial products company’s stock after buying an additional 3,892 shares during the period. Danske Bank A S’s holdings in Parker-Hannifin were worth $93,474,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also made changes to their positions in the company. Polaris Financial Partners acquired a new stake in Parker-Hannifin during the 3rd quarter worth $26,000. Archer Investment Corp acquired a new position in Parker-Hannifin in the second quarter valued at about $28,000. Latitude Advisors LLC acquired a new position in Parker-Hannifin in the third quarter valued at about $27,000. Team Financial Group LLC bought a new stake in shares of Parker-Hannifin in the third quarter worth about $28,000. Finally, Pension & Wealth Management Advisors Inc. bought a new stake in shares of Parker-Hannifin in the third quarter worth about $30,000. Institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Stock Down 0.4%

Shares of NYSE PH traded down $3.69 during midday trading on Friday, reaching $954.29. The company’s stock had a trading volume of 491,409 shares, compared to its average volume of 796,732. The company has a current ratio of 0.94, a quick ratio of 0.55 and a debt-to-equity ratio of 0.79. Parker-Hannifin Corporation has a fifty-two week low of $806.22 and a fifty-two week high of $1,099.94. The stock has a market capitalization of $120.33 billion, a price-to-earnings ratio of 32.77, a PEG ratio of 2.26 and a beta of 1.15. The stock has a 50 day simple moving average of $945.61 and a 200-day simple moving average of $949.90.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings data on Thursday, November 5th. The industrial products company reported $8.90 EPS for the quarter, topping analysts’ consensus estimates of $8.21 by $0.69. Parker-Hannifin had a net margin of 16.62% and a return on equity of 28.80%. The business had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.81 billion. During the same quarter in the previous year, the firm posted $7.22 earnings per share. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. Parker-Hannifin has set its FY 2027 guidance at 36.450-37.250 EPS. Equities research analysts predict that Parker-Hannifin Corporation will post 37.10 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be paid a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, November 13th. Parker-Hannifin’s payout ratio is presently 27.47%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on PH shares. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Parker-Hannifin in a research report on Monday, November 9th. Stifel Nicolaus set a $1,002.00 target price on Parker-Hannifin in a report on Monday, October 19th. Argus lifted their price target on Parker-Hannifin from $1,030.00 to $1,200.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Susquehanna boosted their price target on Parker-Hannifin from $1,100.00 to $1,250.00 and gave the company a “positive” rating in a report on Friday, August 7th. Finally, Deutsche Bank boosted their price target on Parker-Hannifin from $998.00 to $1,023.00 and gave the company a “hold” rating in a report on Wednesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Parker-Hannifin currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,146.35.

Insider Buying and Selling

In other Parker-Hannifin news, VP Berend Bracht sold 602 shares of the business’s stock in a transaction dated 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 sale, the vice president directly owned 4,399 shares of the company’s stock, valued at $4,577,027.53. The trade was a 12.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.35% of the stock is owned by company insiders.

Parker-Hannifin Profile

Parker-Hannifin is a global manufacturer of motion and control technologies. Its products include hydraulic and pneumatic systems, fluid connectors, filtration and sealing products, electromechanical components, and systems for aerospace and climate control applications. The company serves customers across industries such as aerospace, manufacturing, transportation, energy, and life sciences. Its operations span markets around the world, with businesses organized around industrial and aerospace products and services.