Parker-Hannifin Corporation $PH Stock Holdings Increased by Railway Pension Investments Ltd

Railway Pension Investments Ltd boosted its position in Parker-Hannifin Corporation (NYSE:PH) by 307.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 83,160 shares of the industrial products company’s stock after buying an additional 62,760 shares during the quarter. Railway Pension Investments Ltd owned approximately 0.07% of Parker-Hannifin worth $73,094,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Parker-Hannifin during the fourth quarter valued at approximately $1,756,230,000. Eurizon Capital SGR S.p.A. bought a new position in shares of Parker-Hannifin during the fourth quarter valued at approximately $185,532,000. Capital World Investors grew its holdings in shares of Parker-Hannifin by 7.0% during the third quarter. Capital World Investors now owns 2,584,141 shares of the industrial products company’s stock valued at $1,959,166,000 after purchasing an additional 169,073 shares during the last quarter. PFA Pension Forsikringsaktieselskab bought a new position in shares of Parker-Hannifin during the fourth quarter valued at approximately $104,040,000. Finally, California Public Employees Retirement System grew its holdings in shares of Parker-Hannifin by 51.3% during the third quarter. California Public Employees Retirement System now owns 336,247 shares of the industrial products company’s stock valued at $254,926,000 after purchasing an additional 114,008 shares during the last quarter. 82.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PH has been the subject of several recent research reports. Truist Financial set a $1,147.00 target price on Parker-Hannifin in a report on Friday, May 1st. Evercore set a $1,064.00 target price on Parker-Hannifin in a report on Monday, May 11th. Citigroup upped their target price on Parker-Hannifin from $1,137.00 to $1,141.00 and gave the company a “buy” rating in a report on Friday, May 1st. BMO Capital Markets initiated coverage on Parker-Hannifin in a report on Friday, March 27th. They set an “outperform” rating and a $1,090.00 target price for the company. Finally, Mizuho set a $1,050.00 target price on Parker-Hannifin in a report on Friday, May 1st. Seventeen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Parker-Hannifin currently has an average rating of “Moderate Buy” and a consensus target price of $1,020.80.

Parker-Hannifin Stock Performance

Shares of NYSE PH opened at $844.13 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.66 and a debt-to-equity ratio of 0.46. The stock has a 50 day simple moving average of $912.81 and a 200-day simple moving average of $915.57. The company has a market cap of $106.44 billion, a PE ratio of 31.14, a P/E/G ratio of 2.46 and a beta of 1.18. Parker-Hannifin Corporation has a 12-month low of $646.51 and a 12-month high of $1,034.96.

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, topping the consensus estimate of $7.84 by $0.33. The business had revenue of $5.49 billion during 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 business’s revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm posted $6.94 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. On average, equities research analysts forecast that Parker-Hannifin Corporation will post 31.26 EPS for the current year.

Parker-Hannifin Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 8th will be given a dividend of $2.00 per share. This is a boost from Parker-Hannifin’s previous quarterly dividend of $1.80. This represents a $8.00 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, May 8th. Parker-Hannifin’s payout ratio is presently 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.