Nykredit A S Makes New $51.64 Million Investment in Parker-Hannifin Corporation $PH

Key Points

• Nykredit A/S acquired 52,791 Parker-Hannifin shares during the second quarter, valued at approximately $51.6 million. Institutional investors and hedge funds collectively own 82.44% of the company.
• Parker-Hannifin reported quarterly earnings of $9.27 per share, beating estimates of $8.31, while revenue rose 9.8% year over year to $5.75 billion. The company also declared a $2 quarterly dividend, representing a 0.8% annualized yield.
• Analysts maintain a generally positive outlook, with 17 Buy ratings and three Holds, producing a consensus “Moderate Buy” rating and an average price target of $1,100. Shares recently traded at $950.44.

Nykredit A S acquired a new stake in Parker-Hannifin Corporation (NYSE:PH - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 52,791 shares of the industrial products company's stock, valued at approximately $51,636,000.

Several other large investors have also made changes to their positions in PH. BlackRock Inc. purchased a new stake in Parker-Hannifin in the 2nd quarter worth $10,163,362,000. Bank of America Corp DE acquired a new position in Parker-Hannifin during the second quarter worth $3,273,507,000. Norges Bank purchased a new position in Parker-Hannifin during the fourth quarter valued at $1,756,230,000. Deutsche Bank AG purchased a new position in Parker-Hannifin during the second quarter valued at $987,587,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Parker-Hannifin in the second quarter valued at about $712,222,000. 82.44% of the stock is owned by institutional investors and hedge funds.

Parker-Hannifin Stock Down 0.2%

Shares of PH opened at $950.44 on Thursday. Parker-Hannifin Corporation has a 1 year low of $715.37 and a 1 year high of $1,099.94. The company's 50-day simple moving average is $991.86 and its 200-day simple moving average is $949.67. The stock has a market capitalization of $119.80 billion, a PE ratio of 33.36, a P/E/G ratio of 2.60 and a beta of 1.13. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.74 and a current ratio of 1.26.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The industrial products company reported $9.27 earnings per share for the quarter, beating analysts' consensus estimates of $8.31 by $0.96. Parker-Hannifin had a net margin of 16.97% and a return on equity of 28.48%. The business had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.57 billion. During the same period last year, the business earned $7.69 EPS. The company's revenue was up 9.8% on a year-over-year basis. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. Analysts forecast that Parker-Hannifin Corporation will post 34.93 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Monday, August 31st will be given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Monday, August 31st. Parker-Hannifin's payout ratio is currently 28.08%.

Analyst Ratings Changes

Several research analysts recently weighed in on PH shares. Wall Street Zen downgraded shares of Parker-Hannifin from a "buy" rating to a "hold" rating in a research report on Saturday, August 22nd. BNP Paribas Exane reiterated an "outperform" rating and issued a $1,220.00 price objective (up from $1,090.00) on shares of Parker-Hannifin in a report on Friday, August 7th. Wells Fargo & Company cut their price objective on Parker-Hannifin from $980.00 to $950.00 and set an "overweight" rating for the company in a research note on Tuesday, May 26th. UBS Group increased their target price on Parker-Hannifin from $1,092.00 to $1,250.00 and gave the company a "buy" rating in a report on Friday, August 7th. Finally, Citigroup lifted their price target on Parker-Hannifin from $1,141.00 to $1,232.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Seventeen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Parker-Hannifin has a consensus rating of "Moderate Buy" and an average target price of $1,100.00.

Insider Transactions at Parker-Hannifin

In other news, VP Berend Bracht sold 602 shares of the business's stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $1,040.47, for a total value of $626,362.94. Following the completion of the transaction, the vice president owned 4,399 shares of the company's stock, valued at $4,577,027.53. The trade was a 12.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.32% of the company's stock.

Parker-Hannifin Company 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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