Nordea Investment Management AB Has $118.88 Million Holdings in Parker-Hannifin Corporation $PH

Key Points

• Nordea Investment Management AB increased its stake in Parker-Hannifin Corporation by 4.9%, owning 170,095 shares valued at approximately $118.88 million at the end of the most recent quarter.
• In recent analyses, Truist Financial raised the target price for Parker-Hannifin shares from $822.00 to $910.00, while Deutsche Bank lowered their rating from "buy" to "hold" with a target price of $809.00.
• Parker-Hannifin reported $7.69 earnings per share for the latest quarter, exceeding analyst expectations, and declared a quarterly dividend of $1.80 per share with a yield of 1.0%.

Nordea Investment Management AB grew its stake in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 4.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 170,095 shares of the industrial products company's stock after acquiring an additional 7,919 shares during the period. Nordea Investment Management AB owned 0.13% of Parker-Hannifin worth $118,879,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of PH. Brighton Jones LLC lifted its position in Parker-Hannifin by 5.9% during the fourth quarter. Brighton Jones LLC now owns 1,808 shares of the industrial products company's stock worth $1,150,000 after acquiring an additional 101 shares during the last quarter. Bison Wealth LLC lifted its position in Parker-Hannifin by 4.5% during the fourth quarter. Bison Wealth LLC now owns 749 shares of the industrial products company's stock worth $476,000 after acquiring an additional 32 shares during the last quarter. GAMMA Investing LLC lifted its position in Parker-Hannifin by 8.9% during the first quarter. GAMMA Investing LLC now owns 2,855 shares of the industrial products company's stock worth $1,735,000 after acquiring an additional 234 shares during the last quarter. CWA Asset Management Group LLC lifted its position in Parker-Hannifin by 11.8% during the first quarter. CWA Asset Management Group LLC now owns 491 shares of the industrial products company's stock worth $298,000 after acquiring an additional 52 shares during the last quarter. Finally, Premier Path Wealth Partners LLC increased its holdings in shares of Parker-Hannifin by 1.8% during the first quarter. Premier Path Wealth Partners LLC now owns 1,894 shares of the industrial products company's stock worth $1,151,000 after purchasing an additional 34 shares during the period. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PH has been the topic of several recent research reports. Truist Financial raised their target price on shares of Parker-Hannifin from $822.00 to $910.00 and gave the stock a "buy" rating in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft cut shares of Parker-Hannifin from a "buy" rating to a "hold" rating and set a $809.00 target price on the stock. in a report on Thursday, September 4th. Wall Street Zen raised shares of Parker-Hannifin from a "hold" rating to a "buy" rating in a report on Saturday, September 20th. Raymond James Financial raised their target price on shares of Parker-Hannifin from $735.00 to $845.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Finally, Susquehanna initiated coverage on shares of Parker-Hannifin in a report on Friday, August 15th. They set a "positive" rating and a $860.00 target price on the stock. Fourteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $789.83.

Parker-Hannifin Stock Performance

NYSE PH opened at $734.26 on Friday. The firm's fifty day moving average price is $750.51 and its two-hundred day moving average price is $689.14. The stock has a market cap of $92.91 billion, a PE ratio of 27.07, a PEG ratio of 3.00 and a beta of 1.35. Parker-Hannifin Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $779.77. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share for the quarter, topping analysts' consensus estimates of $7.08 by $0.61. The firm had revenue of $5.24 billion for the quarter, compared to analysts' expectations of $5.10 billion. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The company's revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.77 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. On average, equities analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Tuesday, September 2nd. Parker-Hannifin's payout ratio is 26.55%.

Insider Activity at Parker-Hannifin

In other news, VP Robert W. Malone sold 2,257 shares of Parker-Hannifin stock in a transaction on Friday, August 8th. The shares were sold at an average price of $730.66, for a total transaction of $1,649,099.62. Following the transaction, the vice president owned 5,866 shares in the company, valued at approximately $4,286,051.56. The trade was a 27.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Angela R. Ives sold 810 shares of Parker-Hannifin stock in a transaction on Friday, August 8th. The stock was sold at an average price of $727.36, for a total transaction of $589,161.60. Following the transaction, the vice president owned 2,798 shares in the company, valued at approximately $2,035,153.28. This trade represents a 22.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,039 shares of company stock valued at $10,356,566 in the last quarter. Insiders own 0.32% of the company's stock.

Parker-Hannifin Profile

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to ensure purity and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors used in fluid and gas handling; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.

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