UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Purchases 53,344 Shares of Parker-Hannifin Corporation $PH

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Parker-Hannifin Corporation (NYSE:PH) by 6.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 919,314 shares of the industrial products company’s stock after acquiring an additional 53,344 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.72% of Parker-Hannifin worth $558,805,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PH. GAMMA Investing LLC raised its stake in shares of Parker-Hannifin by 66,111.8% in the first quarter. GAMMA Investing LLC now owns 1,735,412 shares of the industrial products company’s stock valued at $1,054,870,000 after acquiring an additional 1,732,791 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Parker-Hannifin in the first quarter valued at approximately $933,089,000. Royal Bank of Canada increased its holdings in shares of Parker-Hannifin by 99.8% in the fourth quarter. Royal Bank of Canada now owns 2,277,001 shares of the industrial products company’s stock valued at $1,448,241,000 after purchasing an additional 1,137,564 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Parker-Hannifin by 52.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,443,104 shares of the industrial products company’s stock valued at $1,485,042,000 after purchasing an additional 842,262 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp increased its holdings in shares of Parker-Hannifin by 6,912.4% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 312,472 shares of the industrial products company’s stock valued at $198,742,000 after purchasing an additional 308,016 shares in the last quarter. Institutional investors own 82.44% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Mizuho set a $785.00 price target on shares of Parker-Hannifin in a report on Friday, May 16th. Susquehanna started coverage on shares of Parker-Hannifin in a report on Friday, August 15th. They set a “positive” rating and a $860.00 target price for the company. Wall Street Zen lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Sunday. Deutsche Bank Aktiengesellschaft lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 target price for the company. in a report on Thursday, September 4th. Finally, Morgan Stanley lifted their target price on shares of Parker-Hannifin from $700.00 to $725.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 9th. Thirteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Parker-Hannifin has a consensus rating of “Moderate Buy” and an average price target of $770.94.

Parker-Hannifin Trading Down 0.6%

Shares of NYSE:PH opened at $755.37 on Wednesday. The company’s 50-day moving average price is $733.31 and its two-hundred day moving average price is $666.19. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71. Parker-Hannifin Corporation has a one year low of $488.45 and a one year high of $773.30. The stock has a market capitalization of $96.52 billion, a PE ratio of 27.85, a price-to-earnings-growth ratio of 3.15 and a beta of 1.35.

Parker-Hannifin (NYSE:PH) last issued its earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.08 by $0.61. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The company had revenue of $5.24 billion for the quarter, compared to analysts’ expectations of $5.10 billion. During the same period in the prior year, the firm earned $6.77 EPS. Parker-Hannifin’s quarterly revenue was up 1.1% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. On average, equities analysts forecast that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Tuesday, September 2nd. Parker-Hannifin’s dividend payout ratio is presently 26.55%.

Insider Activity

In other news, VP Robert W. Malone sold 2,257 shares of the company’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $730.66, for a total transaction of $1,649,099.62. Following the completion of the sale, the vice president owned 5,866 shares of the company’s stock, valued at approximately $4,286,051.56. This represents a 27.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Angela R. Ives sold 810 shares of the company’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $727.36, for a total transaction of $589,161.60. Following the sale, the vice president directly owned 2,798 shares of the company’s stock, valued at approximately $2,035,153.28. This trade represents a 22.45% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,039 shares of company stock worth $10,356,566. Insiders own 0.39% of the company’s stock.

Parker-Hannifin Profile

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to ensure purity and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors used in fluid and gas handling; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.