Danica Pension Livsforsikringsaktieselskab Takes Position in Parker-Hannifin Corporation $PH

Danica Pension Livsforsikringsaktieselskab bought a new position in Parker-Hannifin Corporation (NYSE:PH) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 17,078 shares of the industrial products company’s stock, valued at approximately $15,289,000.

A number of other hedge funds also recently made changes to their positions in PH. Bellwether Advisors LLC bought a new position in shares of Parker-Hannifin during the 1st quarter valued at approximately $1,686,000. Oslo Pensjonsforsikring AS bought a new stake in Parker-Hannifin in the first quarter worth $320,000. Mathes Company Inc. increased its position in Parker-Hannifin by 1.5% in the first quarter. Mathes Company Inc. now owns 7,603 shares of the industrial products company’s stock worth $6,807,000 after purchasing an additional 110 shares during the last quarter. Baader Bank Aktiengesellschaft raised its stake in Parker-Hannifin by 15.5% during the first quarter. Baader Bank Aktiengesellschaft now owns 394 shares of the industrial products company’s stock valued at $324,000 after purchasing an additional 53 shares in the last quarter. Finally, Andra AP fonden raised its stake in Parker-Hannifin by 90.3% during the first quarter. Andra AP fonden now owns 28,687 shares of the industrial products company’s stock valued at $25,682,000 after purchasing an additional 13,611 shares in the last quarter. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on PH. Evercore set a $1,064.00 price objective on shares of Parker-Hannifin in a research report on Monday, May 11th. BMO Capital Markets began coverage on shares of Parker-Hannifin in a research report on Friday, March 27th. They set an “outperform” rating and a $1,090.00 target price on the stock. Wells Fargo & Company lowered their price target on shares of Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating for the company in a report on Tuesday, May 26th. Citigroup reaffirmed a “buy” rating on shares of Parker-Hannifin in a report on Monday, June 8th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $1,037.00 price target on shares of Parker-Hannifin in a research report on Thursday, July 16th. Eighteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,027.38.

Parker-Hannifin Stock Up 0.9%

Shares of PH opened at $959.19 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 1.13 and a debt-to-equity ratio of 0.46. The business has a fifty day moving average of $915.89 and a 200 day moving average of $934.34. The company has a market cap of $120.94 billion, a PE ratio of 35.38, a P/E/G ratio of 2.54 and a beta of 1.11. Parker-Hannifin Corporation has a 52-week low of $692.02 and a 52-week 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 earnings per share for the quarter, beating analysts’ consensus estimates of $7.84 by $0.33. Parker-Hannifin had a net margin of 16.58% and a return on equity of 27.97%. The business had revenue of $5.49 billion for the quarter, compared to analysts’ expectations of $5.40 billion. During the same quarter in the previous year, the business posted $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. On average, sell-side analysts expect that Parker-Hannifin Corporation will post 31.26 EPS for the current year.

Parker-Hannifin Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 8th were issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, May 8th. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $1.80. Parker-Hannifin’s payout ratio is currently 29.51%.

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.