Parker-Hannifin Corporation $PH Shares Acquired by Candriam S.C.A.

Candriam S.C.A. boosted its stake in Parker-Hannifin Corporation (NYSE:PH) by 4.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 70,629 shares of the industrial products company’s stock after acquiring an additional 3,196 shares during the quarter. Candriam S.C.A.’s holdings in Parker-Hannifin were worth $63,230,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in PH. Vanguard Group Inc. increased its stake in shares of Parker-Hannifin by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 11,142,535 shares of the industrial products company’s stock worth $9,793,843,000 after purchasing an additional 33,606 shares in the last quarter. Bank of America Corp DE boosted its holdings in Parker-Hannifin by 0.6% in the 4th quarter. Bank of America Corp DE now owns 3,926,896 shares of the industrial products company’s stock worth $3,451,584,000 after buying an additional 22,305 shares during the last quarter. Capital World Investors raised its holdings in shares of Parker-Hannifin by 0.6% during the fourth quarter. Capital World Investors now owns 2,600,844 shares of the industrial products company’s stock valued at $2,286,038,000 after acquiring an additional 16,703 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Parker-Hannifin by 0.6% in the third quarter. Ameriprise Financial Inc. now owns 2,207,996 shares of the industrial products company’s stock valued at $1,674,132,000 after acquiring an additional 13,309 shares in the last quarter. Finally, Morgan Stanley boosted its stake in shares of Parker-Hannifin by 1.1% in the fourth quarter. Morgan Stanley now owns 2,133,044 shares of the industrial products company’s stock worth $1,874,862,000 after acquiring an additional 22,367 shares during the last quarter. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Parker-Hannifin Stock Performance

NYSE PH opened at $960.96 on Friday. The stock has a fifty day simple moving average of $906.28 and a 200-day simple moving average of $930.67. The company has a current ratio of 1.13, a quick ratio of 0.66 and a debt-to-equity ratio of 0.46. The stock has a market cap of $121.17 billion, a PE ratio of 35.45, a P/E/G ratio of 2.54 and a beta of 1.11. Parker-Hannifin Corporation has a twelve month low of $692.02 and a twelve month high of $1,034.96.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.84 by $0.33. Parker-Hannifin had a net margin of 16.58% and a return on equity of 27.97%. The firm had revenue of $5.49 billion for the quarter, compared to analyst estimates of $5.40 billion. During the same period in the previous year, the firm earned $6.94 EPS. Parker-Hannifin’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. Equities analysts anticipate that Parker-Hannifin Corporation will post 31.23 earnings per share for the current year.

Parker-Hannifin Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 8th were issued a $2.00 dividend. The ex-dividend date was Friday, May 8th. This represents a $8.00 annualized dividend and a dividend yield of 0.8%. This is an increase from Parker-Hannifin’s previous quarterly dividend of $1.80. Parker-Hannifin’s dividend payout ratio (DPR) is currently 29.51%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. BMO Capital Markets began coverage on Parker-Hannifin in a research note on Friday, March 27th. They issued an “outperform” rating and a $1,090.00 price objective for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a research note on Tuesday, April 21st. Wall Street Zen cut shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Evercore set a $1,064.00 target price on shares of Parker-Hannifin in a research note on Monday, May 11th. Finally, JPMorgan Chase & Co. dropped their price target on 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 research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Parker-Hannifin has an average rating of “Moderate Buy” and a consensus price target of $1,026.86.

About Parker-Hannifin

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.