Heartland Bank & Trust Co Raises Stock Position in Parker-Hannifin Corporation $PH

Heartland Bank & Trust Co raised its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 156.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,066 shares of the industrial products company’s stock after acquiring an additional 650 shares during the quarter. Heartland Bank & Trust Co’s holdings in Parker-Hannifin were worth $954,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in PH. Vanguard Group Inc. grew its position 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 stake 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 purchasing an additional 22,305 shares during the period. Capital World Investors boosted its stake in Parker-Hannifin by 0.6% in the 4th quarter. Capital World Investors now owns 2,600,844 shares of the industrial products company’s stock worth $2,286,038,000 after purchasing an additional 16,703 shares during the period. Morgan Stanley grew its holdings in Parker-Hannifin by 1.1% during the 4th quarter. Morgan Stanley now owns 2,133,044 shares of the industrial products company’s stock valued at $1,874,862,000 after buying an additional 22,367 shares in the last quarter. Finally, Norges Bank purchased a new stake in Parker-Hannifin during the 4th quarter valued at approximately $1,756,230,000. Institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Trading Down 0.5%

PH opened at $953.13 on Friday. The stock has a 50-day moving average of $912.84 and a 200 day moving average of $933.05. 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 12 month low of $692.02 and a 12 month high of $1,034.96. The firm has a market cap of $120.18 billion, a P/E ratio of 35.16, a P/E/G ratio of 2.56 and a beta of 1.11.

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 analysts’ consensus estimates of $7.84 by $0.33. The business had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.40 billion. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the business posted $6.94 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. As a group, research analysts forecast that Parker-Hannifin Corporation will post 31.26 EPS for the current year.

Parker-Hannifin Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 8th were given a $2.00 dividend. 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 0.8%. The ex-dividend date was Friday, May 8th. Parker-Hannifin’s dividend payout ratio is 29.51%.

Analysts Set New Price Targets

Several equities analysts have recently commented on PH shares. Mizuho set a $1,050.00 target price on shares of Parker-Hannifin in a report on Friday, May 1st. Wells Fargo & Company cut their target price on shares of Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating for the company in a research note on Tuesday, May 26th. Evercore set a $1,064.00 price target on shares of Parker-Hannifin in a report on Monday, May 11th. BMO Capital Markets assumed coverage on shares of Parker-Hannifin in a research note on Friday, March 27th. They issued an “outperform” rating and a $1,090.00 price target on the stock. Finally, Citigroup reissued a “buy” rating on shares of Parker-Hannifin in a report on Monday, June 8th. Eighteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,027.38.

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.