AustralianSuper Pty Ltd Boosts Stock Position in Parker-Hannifin Corporation $PH

AustralianSuper Pty Ltd grew its position in Parker-Hannifin Corporation (NYSE:PH) by 408.8% during the fourth quarter, Holdings Channel reports. The firm owned 44,750 shares of the industrial products company’s stock after acquiring an additional 35,954 shares during the period. AustralianSuper Pty Ltd’s holdings in Parker-Hannifin were worth $39,333,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of PH. Simmons Bank increased its holdings in Parker-Hannifin by 3.0% in the 4th quarter. Simmons Bank now owns 5,715 shares of the industrial products company’s stock worth $5,023,000 after buying an additional 168 shares during the period. Western Wealth Management LLC boosted its holdings in shares of Parker-Hannifin by 3.0% in the 4th quarter. Western Wealth Management LLC now owns 3,403 shares of the industrial products company’s stock valued at $2,991,000 after acquiring an additional 100 shares during the last quarter. Catalyst Financial Partners LLC increased its stake in shares of Parker-Hannifin by 4.9% in the fourth quarter. Catalyst Financial Partners LLC now owns 531 shares of the industrial products company’s stock worth $467,000 after acquiring an additional 25 shares during the period. Biltmore Family Office LLC increased its stake in shares of Parker-Hannifin by 18.1% in the fourth quarter. Biltmore Family Office LLC now owns 2,596 shares of the industrial products company’s stock worth $2,282,000 after acquiring an additional 398 shares during the period. Finally, Summit Wealth Group LLC Co. purchased a new position in shares of Parker-Hannifin during the fourth quarter worth $363,000. Institutional investors and hedge funds own 82.44% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Mizuho set a $1,050.00 price target on shares of Parker-Hannifin in a report on Friday, May 1st. Jefferies Financial Group lifted their price objective on Parker-Hannifin from $1,050.00 to $1,100.00 and gave the company a “buy” rating in a research note on Friday, January 30th. The Goldman Sachs Group reissued a “buy” rating on shares of Parker-Hannifin in a report on Thursday, January 29th. Wall Street Zen upgraded Parker-Hannifin from a “hold” rating to a “buy” rating in a research note on Wednesday, February 4th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Parker-Hannifin in a report on Tuesday, April 21st. Seventeen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,022.30.

Parker-Hannifin Stock Performance

NYSE PH opened at $880.51 on Friday. The stock has a market capitalization of $111.14 billion, a price-to-earnings ratio of 32.48, a PEG ratio of 2.57 and a beta of 1.18. The stock has a 50-day moving average of $927.57 and a 200 day moving average of $910.81. The company has a current ratio of 1.13, a quick ratio of 0.66 and a debt-to-equity ratio of 0.46. Parker-Hannifin Corporation has a twelve month low of $637.21 and a twelve month high of $1,034.96.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $8.17 EPS for the quarter, beating analysts’ consensus estimates of $7.84 by $0.33. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The business had revenue of $5.49 billion during the quarter, compared to analysts’ expectations of $5.40 billion. During the same period in the previous year, the business earned $6.94 earnings per share. The business’s revenue was up 10.6% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. Sell-side analysts anticipate that Parker-Hannifin Corporation will post 31.2 EPS for the current fiscal year.

Parker-Hannifin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 8th will be issued a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, May 8th. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $1.80. Parker-Hannifin’s payout ratio is presently 29.51%.

Parker-Hannifin 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.