Mitsubishi UFJ Asset Management Co. Ltd. Has $240.74 Million Stake in Parker-Hannifin Corporation $PH

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 269,229 shares of the industrial products company's stock after buying an additional 8,887 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.21% of Parker-Hannifin worth $240,741,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. ING Groep NV bought a new stake in shares of Parker-Hannifin during the 3rd quarter worth $26,398,000. Procyon Advisors LLC grew its position in Parker-Hannifin by 158,565.9% in the third quarter. Procyon Advisors LLC now owns 5,069,374 shares of the industrial products company's stock valued at $3,843,346,000 after acquiring an additional 5,066,179 shares during the last quarter. Citigroup Inc. grew its position in Parker-Hannifin by 54.7% in the third quarter. Citigroup Inc. now owns 158,668 shares of the industrial products company's stock valued at $120,294,000 after acquiring an additional 56,103 shares during the last quarter. Wilkinson Global Asset Management LLC raised its stake in Parker-Hannifin by 28.2% during the third quarter. Wilkinson Global Asset Management LLC now owns 48,434 shares of the industrial products company's stock worth $36,720,000 after acquiring an additional 10,653 shares in the last quarter. Finally, Advisors Capital Management LLC lifted its holdings in shares of Parker-Hannifin by 140.0% in the third quarter. Advisors Capital Management LLC now owns 2,232 shares of the industrial products company's stock worth $1,693,000 after acquiring an additional 1,302 shares during the last quarter. Institutional investors own 82.44% of the company's stock.

Insider Activity at Parker-Hannifin

In other news, COO Andrew D. Ross sold 4,664 shares of the stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $999.00, for a total transaction of $4,659,336.00. Following the completion of the sale, the chief operating officer directly owned 13,120 shares in the company, valued at $13,106,880. This represents a 26.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Todd M. Leombruno sold 2,062 shares of Parker-Hannifin stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $1,002.34, for a total transaction of $2,066,825.08. Following the transaction, the chief financial officer directly owned 20,610 shares of the company's stock, valued at $20,658,227.40. This represents a 9.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.32% of the stock is currently owned by company insiders.

Parker-Hannifin Stock Up 3.4%

Shares of NYSE:PH opened at $902.28 on Thursday. The firm has a market cap of $113.89 billion, a P/E ratio of 33.28, a P/E/G ratio of 2.80 and a beta of 1.18. Parker-Hannifin Corporation has a 12-month low of $616.56 and a 12-month high of $1,034.96. The business has a fifty day simple moving average of $943.01 and a 200 day simple moving average of $905.37. The company has a quick ratio of 0.66, a current ratio of 1.13 and a debt-to-equity ratio of 0.46.

Parker-Hannifin (NYSE:PH - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $8.17 EPS for the quarter, beating analysts' consensus estimates of $7.84 by $0.33. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The firm had revenue of $5.49 billion for the quarter, compared to analyst estimates of $5.40 billion. During the same quarter in the previous year, the company posted $6.94 EPS. The business's revenue was up 10.6% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. Analysts predict that Parker-Hannifin Corporation will post 31.1 earnings per share for the current year.

Parker-Hannifin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 8th will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $8.00 dividend on an annualized basis and a yield of 0.9%. This is a boost from Parker-Hannifin's previous quarterly dividend of $1.80. Parker-Hannifin's payout ratio is currently 26.56%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group lifted their price target on shares of Parker-Hannifin from $1,050.00 to $1,100.00 and gave the company a "buy" rating in a report on Friday, January 30th. The Goldman Sachs Group reissued a "buy" rating on shares of Parker-Hannifin in a research note on Thursday, January 29th. Robert W. Baird set a $1,050.00 target price on shares of Parker-Hannifin in a research report on Friday, January 30th. Barclays boosted their target price on shares of Parker-Hannifin from $990.00 to $1,020.00 and gave the stock an "overweight" rating in a research note on Friday, January 30th. Finally, Morgan Stanley increased their price target on Parker-Hannifin from $945.00 to $1,038.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 24th. Seventeen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $1,012.45.

Parker-Hannifin 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.

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