Parker-Hannifin Corporation $PH Stock Purchased by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. lifted its position in Parker-Hannifin Corporation (NYSE:PH) by 10.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 225,169 shares of the industrial products company’s stock after buying an additional 21,761 shares during the quarter. Eurizon Capital SGR S.p.A.’s holdings in Parker-Hannifin were worth $216,101,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. PBU The Pension Fund of Early Childhood & Youth Educators lifted its stake in shares of Parker-Hannifin by 8.3% in the 3rd quarter. PBU The Pension Fund of Early Childhood & Youth Educators now owns 32,586 shares of the industrial products company’s stock valued at $31,133,000 after purchasing an additional 2,488 shares during the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. boosted its holdings in Parker-Hannifin by 34.0% in the third quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 390 shares of the industrial products company’s stock worth $373,000 after purchasing an additional 99 shares in the last quarter. CENTRAL TRUST Co increased its position in Parker-Hannifin by 1.8% during the third quarter. CENTRAL TRUST Co now owns 3,341 shares of the industrial products company’s stock worth $3,192,000 after buying an additional 60 shares during the last quarter. Banyan Capital Management Inc. acquired a new position in Parker-Hannifin during the third quarter worth $12,153,000. Finally, Maryland State Retirement & Pension System increased its position in Parker-Hannifin by 14.1% during the third quarter. Maryland State Retirement & Pension System now owns 7,727 shares of the industrial products company’s stock worth $7,383,000 after buying an additional 956 shares during the last quarter. Institutional investors own 82.44% of the company’s stock.

Insider Activity

In other news, VP Berend Bracht sold 602 shares of the firm’s stock in a transaction that occurred 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.35% of the stock is owned by company insiders.

Parker-Hannifin Price Performance

Shares of Parker-Hannifin stock opened at $957.16 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.94 and a quick ratio of 0.55. The company has a market cap of $120.70 billion, a PE ratio of 32.87, a price-to-earnings-growth ratio of 2.30 and a beta of 1.15. The firm has a fifty day moving average price of $945.81 and a two-hundred day moving average price of $949.76. Parker-Hannifin Corporation has a fifty-two week low of $806.22 and a fifty-two week high of $1,099.94.

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 return on equity of 28.80% and a net margin of 16.62%. The company had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.81 billion. During the same quarter last year, the company earned $7.22 EPS. The company’s quarterly revenue was up 17.9% on a year-over-year basis. Parker-Hannifin has set its FY 2027 guidance at 36.450-37.250 EPS. Analysts expect that Parker-Hannifin Corporation will post 37.08 EPS for the current year.

Parker-Hannifin Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PH. Truist Financial upped their price target on Parker-Hannifin from $1,269.00 to $1,358.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. BNP Paribas Exane increased their price objective on Parker-Hannifin from $1,220.00 to $1,270.00 and gave the company an “outperform” rating in a report on Friday, September 18th. BMO Capital Markets reissued an “outperform” rating and issued a $1,214.00 price objective (up from $1,068.00) on shares of Parker-Hannifin in a research note on Friday, August 7th. Mizuho set a $1,200.00 target price on Parker-Hannifin in a report on Thursday, October 15th. Finally, Robert W. Baird boosted their target price on Parker-Hannifin from $1,050.00 to $1,275.00 in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Parker-Hannifin presently has an average rating of “Moderate Buy” and a consensus price target of $1,146.35.

About Parker-Hannifin

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.