17,078 Shares in Parker-Hannifin Corporation $PH Acquired by Danica Pension Livsforsikringsaktieselskab

Key Points

• Danica Pension Livsforsikringsaktieselskab bought a new position in Parker-Hannifin during the first quarter, acquiring 17,078 shares valued at about $15.29 million.
• Parker-Hannifin reported strong quarterly results, with EPS of $8.17 topping estimates and revenue of $5.49 billion also beating expectations. The company said revenue rose 10.6% year over year.
• The company raised its quarterly dividend to $2.00 per share from $1.80, while analysts remain broadly positive with a Moderate Buy consensus and an average price target of about $1,027.38.

Danica Pension Livsforsikringsaktieselskab purchased a new position in Parker-Hannifin Corporation (NYSE:PH - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 17,078 shares of the industrial products company's stock, valued at approximately $15,289,000.

Several other large investors also recently added to or reduced their stakes in PH. Texas Capital Bancshares Inc TX bought a new stake in shares of Parker-Hannifin during the 3rd quarter valued at $25,000. HFM Investment Advisors LLC lifted its position in shares of Parker-Hannifin by 1,000.0% during the 4th quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company's stock valued at $29,000 after buying an additional 30 shares in the last quarter. Lloyd Advisory Services LLC. bought a new position in shares of Parker-Hannifin during the 4th quarter valued at approximately $31,000. NFSG Corp grew its stake in shares of Parker-Hannifin by 94.4% during the 1st quarter. NFSG Corp now owns 35 shares of the industrial products company's stock valued at $31,000 after acquiring an additional 17 shares during the period. Finally, Mowery & Schoenfeld Wealth Management LLC increased its holdings in Parker-Hannifin by 80.0% in the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company's stock worth $32,000 after acquiring an additional 16 shares in the last quarter. 82.44% of the stock is currently owned by institutional investors.

Parker-Hannifin Stock Up 0.9%

Shares of PH opened at $959.19 on Wednesday. The business's 50 day moving average is $915.89 and its 200 day moving average is $934.34. 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 company has a market capitalization of $120.94 billion, a PE ratio of 35.38, a price-to-earnings-growth ratio of 2.54 and a beta of 1.11.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $5.40 billion. During the same period in the prior year, the company posted $6.94 EPS. The firm's revenue for the quarter 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. Research analysts expect that Parker-Hannifin Corporation will post 31.26 earnings per share for the current fiscal year.

Parker-Hannifin Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 8th were given a dividend of $2.00 per share. This is a positive change from Parker-Hannifin's previous quarterly dividend of $1.80. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, May 8th. Parker-Hannifin's dividend payout ratio (DPR) is currently 29.51%.

Wall Street Analyst Weigh In

A number of research firms have commented on PH. Stifel Nicolaus raised their target price on shares of Parker-Hannifin from $965.00 to $1,000.00 and gave the stock a "hold" rating in a research note on Friday, April 10th. BMO Capital Markets initiated coverage on shares of Parker-Hannifin in a research report on Friday, March 27th. They issued an "outperform" rating and a $1,090.00 price target for the company. Truist Financial increased their price objective on shares of Parker-Hannifin from $1,147.00 to $1,269.00 and gave the stock a "buy" rating in a research note on Thursday, July 2nd. Weiss Ratings restated a "buy (b)" rating on shares of Parker-Hannifin in a research report on Friday. Finally, Evercore set a $1,064.00 target price on shares of Parker-Hannifin in a research note on Monday, May 11th. Eighteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Parker-Hannifin has a consensus rating of "Moderate Buy" and an average target price of $1,027.38.

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.

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