21,761 Parker-Hannifin Corporation $PH Shares Acquired by Eurizon Capital SGR S.p.A.

Key Points

• Eurizon Capital SGR increased its Parker-Hannifin stake 10.7% in the third quarter, buying 21,761 shares to hold 225,169 shares valued at about $216.1 million.
• Analyst sentiment is broadly positive: the stock has a “Moderate Buy” consensus rating and a $1,146.35 average price target; 19 analysts rate it Buy or Strong Buy, while five rate it Hold.
• Parker-Hannifin beat quarterly expectations, reporting $8.90 in EPS and $5.99 billion in revenue, with revenue up 17.9% year over year. The company also announced a quarterly dividend of $2 per share.

Eurizon Capital SGR S.p.A. increased its stake in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 10.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 225,169 shares of the industrial products company's stock after buying an additional 21,761 shares during the quarter. Eurizon Capital SGR S.p.A. owned about 0.18% of Parker-Hannifin worth $216,101,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of Parker-Hannifin in the second quarter worth about $10,163,362,000. State Street Corp boosted its holdings in Parker-Hannifin by 0.5% in the second quarter. State Street Corp now owns 9,385,389 shares of the industrial products company's stock valued at $9,180,037,000 after purchasing an additional 42,548 shares during the last quarter. Bank of America Corp DE acquired a new stake in Parker-Hannifin during the 2nd quarter valued at approximately $3,273,507,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Parker-Hannifin by 2.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,032,942 shares of the industrial products company's stock valued at $1,010,341,000 after purchasing an additional 25,167 shares in the last quarter. Finally, Deutsche Bank AG acquired a new stake in Parker-Hannifin during the 2nd quarter valued at approximately $987,587,000. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. UBS Group set a $950.00 price objective on shares of Parker-Hannifin in a report on Wednesday, October 14th. Susquehanna boosted their target price on shares of Parker-Hannifin from $1,100.00 to $1,250.00 and gave the stock a "positive" rating in a research report on Friday, August 7th. The Goldman Sachs Group increased their price target on shares of Parker-Hannifin from $1,071.00 to $1,165.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Argus lifted their price target on Parker-Hannifin from $1,030.00 to $1,200.00 and gave the stock a "buy" rating in a research note on Monday, August 10th. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of Parker-Hannifin in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, Parker-Hannifin currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,146.35.

Parker-Hannifin Stock Performance

Shares of PH opened at $957.16 on Friday. The firm has a market capitalization of $120.70 billion, a PE ratio of 32.87, a P/E/G ratio of 2.30 and a beta of 1.15. The company has a quick ratio of 0.55, a current ratio of 0.94 and a debt-to-equity ratio of 0.79. The firm has a 50-day moving average price of $945.81 and a 200 day moving average price of $949.76. Parker-Hannifin Corporation has a 52-week low of $806.22 and a 52-week high of $1,099.94.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced its earnings results on Thursday, November 5th. The industrial products company reported $8.90 EPS for the quarter, topping the consensus estimate of $8.21 by $0.69. Parker-Hannifin had a return on equity of 28.80% and a net margin of 16.62%. The firm had revenue of $5.99 billion for the quarter, compared to analysts' expectations of $5.81 billion. During the same quarter in the previous year, the company earned $7.22 earnings per share. The firm's quarterly revenue was up 17.9% compared to the same quarter last year. Parker-Hannifin has set its FY 2027 guidance at 36.450-37.250 EPS. On average, sell-side analysts anticipate that Parker-Hannifin Corporation will post 37.08 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 13th will be issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, November 13th. Parker-Hannifin's dividend payout ratio (DPR) is presently 27.47%.

Insider Transactions at Parker-Hannifin

In related news, VP Berend Bracht sold 602 shares of Parker-Hannifin stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $1,040.47, for a total value of $626,362.94. Following the transaction, the vice president directly owned 4,399 shares in the company, valued at $4,577,027.53. The trade was a 12.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.35% of the company's stock.

About Parker-Hannifin

Parker-Hannifin is a global manufacturer of motion and control technologies. Its products include hydraulic and pneumatic systems, fluid connectors, filtration and sealing products, electromechanical components, and systems for aerospace and climate control applications. The company serves customers across industries such as aerospace, manufacturing, transportation, energy, and life sciences. Its operations span markets around the world, with businesses organized around industrial and aerospace products and services.

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