Deutsche Bank AG Increases Stock Position in Parker-Hannifin Corporation $PH

Deutsche Bank AG lifted its holdings in Parker-Hannifin Corporation (NYSE:PH) by 10.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 871,894 shares of the industrial products company’s stock after acquiring an additional 82,669 shares during the quarter. Deutsche Bank AG’s holdings in Parker-Hannifin were worth $766,360,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Fideuram Asset Management Ireland dac purchased a new stake in Parker-Hannifin during the fourth quarter valued at approximately $1,253,000. ING Groep NV purchased a new stake in Parker-Hannifin during the third quarter valued at approximately $26,398,000. Citigroup Inc. lifted its position in Parker-Hannifin by 54.7% during the third quarter. Citigroup Inc. now owns 158,668 shares of the industrial products company’s stock valued at $120,294,000 after acquiring an additional 56,103 shares during the last quarter. Truist Financial Corp lifted its position in Parker-Hannifin by 2.7% during the fourth quarter. Truist Financial Corp now owns 174,852 shares of the industrial products company’s stock valued at $153,687,000 after acquiring an additional 4,673 shares during the last quarter. Finally, Advisors Capital Management LLC lifted its position in Parker-Hannifin by 140.0% during the third quarter. Advisors Capital Management LLC now owns 2,232 shares of the industrial products company’s stock valued at $1,693,000 after acquiring an additional 1,302 shares during the last quarter. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on PH shares. Citigroup reissued a “buy” rating on shares of Parker-Hannifin in a research report on Monday. Wall Street Zen cut shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a research report on Saturday. Morgan Stanley increased their target price on shares of 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. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a research report on Tuesday, April 21st. Finally, Truist Financial set a $1,147.00 price target on shares of Parker-Hannifin in a research note on Friday, May 1st. Eighteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Parker-Hannifin currently has a consensus rating of “Moderate Buy” and an average price target of $1,021.05.

Parker-Hannifin Trading Up 2.6%

NYSE PH opened at $906.29 on Wednesday. The company has a market capitalization of $114.27 billion, a PE ratio of 33.43, a P/E/G ratio of 2.57 and a beta of 1.14. The company has a fifty day moving average of $907.36 and a 200 day moving average of $917.59. Parker-Hannifin Corporation has a 1 year low of $646.51 and a 1 year high of $1,034.96. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.66.

Parker-Hannifin (NYSE:PH) last posted its earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.84 by $0.33. The company had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.40 billion. Parker-Hannifin had a net margin of 16.58% and a return on equity of 27.97%. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm posted $6.94 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. Research analysts forecast that Parker-Hannifin Corporation will post 31.26 earnings per share for the current year.

Parker-Hannifin Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 8th were given a dividend of $2.00 per share. This is a boost from Parker-Hannifin’s previous quarterly dividend of $1.80. This represents a $8.00 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, May 8th. Parker-Hannifin’s payout ratio is presently 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.