Northwestern Mutual Wealth Management Co. Has $38.79 Million Stock Holdings in Parker-Hannifin Corporation $PH

Key Points

• Northwestern Mutual Wealth Management Co. increased its holdings in Parker-Hannifin by 4.3%, owning a total of $38.79 million worth of shares after acquiring an additional 2,618 shares in Q1.
• Parker-Hannifin's stock recently experienced a 2.6% increase and has an average target price of $768.71, with most analysts rating it as a "Moderate Buy."
• The company announced a quarterly dividend of $1.80 per share, set to be paid on September 12th, with an annualized yield of 1.0% and a payout ratio of 26.55%.

Northwestern Mutual Wealth Management Co. grew its holdings in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 4.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 63,815 shares of the industrial products company's stock after buying an additional 2,618 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in Parker-Hannifin were worth $38,790,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. First Manhattan CO. LLC. raised its stake in shares of Parker-Hannifin by 1.0% in the 4th quarter. First Manhattan CO. LLC. now owns 1,580 shares of the industrial products company's stock valued at $1,005,000 after buying an additional 15 shares in the last quarter. Cascade Financial Partners LLC raised its stake in shares of Parker-Hannifin by 3.1% in the 1st quarter. Cascade Financial Partners LLC now owns 498 shares of the industrial products company's stock valued at $303,000 after buying an additional 15 shares in the last quarter. Becker Capital Management Inc. raised its stake in shares of Parker-Hannifin by 3.4% in the 4th quarter. Becker Capital Management Inc. now owns 482 shares of the industrial products company's stock valued at $307,000 after buying an additional 16 shares in the last quarter. Nicolet Advisory Services LLC raised its stake in shares of Parker-Hannifin by 3.5% in the 1st quarter. Nicolet Advisory Services LLC now owns 468 shares of the industrial products company's stock valued at $262,000 after buying an additional 16 shares in the last quarter. Finally, E Fund Management Co. Ltd. raised its stake in shares of Parker-Hannifin by 5.0% in the 1st quarter. E Fund Management Co. Ltd. now owns 336 shares of the industrial products company's stock valued at $204,000 after buying an additional 16 shares in the last quarter. Institutional investors and hedge funds own 82.44% of the company's stock.

Wall Street Analysts Forecast Growth

PH has been the subject of a number of recent research reports. KeyCorp increased their price objective on shares of Parker-Hannifin from $790.00 to $810.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Stifel Nicolaus increased their target price on shares of Parker-Hannifin from $717.00 to $726.00 and gave the stock a "hold" rating in a research report on Friday, August 8th. Evercore ISI reiterated an "outperform" rating on shares of Parker-Hannifin in a research report on Tuesday, August 19th. Susquehanna initiated coverage on shares of Parker-Hannifin in a research report on Friday, August 15th. They set a "positive" rating and a $860.00 target price for the company. Finally, Barclays increased their target price on shares of Parker-Hannifin from $750.00 to $776.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Fourteen 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.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $768.71.

Parker-Hannifin Stock Up 2.6%

Shares of NYSE:PH opened at $752.3780 on Monday. Parker-Hannifin Corporation has a 12 month low of $488.45 and a 12 month high of $763.99. The company's 50-day moving average price is $713.04 and its two-hundred day moving average price is $660.24. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 0.55. The firm has a market cap of $96.14 billion, a P/E ratio of 27.74, a P/E/G ratio of 3.12 and a beta of 1.37.

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

Parker-Hannifin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $1.80 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $7.20 dividend on an annualized basis and a yield of 1.0%. Parker-Hannifin's dividend payout ratio is currently 26.55%.

Insider Activity

In other Parker-Hannifin news, VP Angela R. Ives sold 810 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $727.36, for a total transaction of $589,161.60. Following the sale, the vice president owned 2,798 shares of the company's stock, valued at $2,035,153.28. This represents a 22.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Andrew D. Ross sold 4,361 shares of the firm's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $732.66, for a total transaction of $3,195,130.26. Following the completion of the transaction, the chief operating officer directly owned 13,120 shares in the company, valued at $9,612,499.20. This trade represents a 24.95% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,414 shares of company stock worth $6,883,931. 0.39% of the stock is currently owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.