OMERS ADMINISTRATION Corp Has $34.99 Million Stock Position in Parker-Hannifin Corporation $PH

Key Points

• OMERS Administration Corp. cut its Parker-Hannifin stake by 60.9% in the second quarter, selling 55,746 shares and retaining 35,777 shares valued at approximately $34.99 million.
• Parker-Hannifin reported strong quarterly results, with EPS of $9.27 beating estimates of $8.31 and revenue of $5.75 billion rising 9.8% year over year. The company issued fiscal 2027 EPS guidance of $34.25–$35.25.
• The stock opened at $1,002.90, while analysts maintained a generally positive outlook: 17 rated it Buy and four Hold, producing a consensus rating of “Moderate Buy” and a $1,100 average price target. Parker-Hannifin also announced a quarterly dividend of $2.00 per share.

OMERS ADMINISTRATION Corp lowered its position in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 60.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,777 shares of the industrial products company's stock after selling 55,746 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Parker-Hannifin were worth $34,994,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Parker-Hannifin by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 11,142,535 shares of the industrial products company's stock valued at $9,793,843,000 after purchasing an additional 33,606 shares in the last quarter. BlackRock Inc. acquired a new stake in Parker-Hannifin during the second quarter worth $10,163,362,000. Bank of America Corp DE increased its holdings in Parker-Hannifin by 0.6% in the 4th quarter. Bank of America Corp DE now owns 3,926,896 shares of the industrial products company's stock valued at $3,451,584,000 after buying an additional 22,305 shares during the period. Capital World Investors increased its holdings in Parker-Hannifin by 0.6% in the 4th quarter. Capital World Investors now owns 2,600,844 shares of the industrial products company's stock valued at $2,286,038,000 after buying an additional 16,703 shares during the period. Finally, Morgan Stanley raised its stake in shares of Parker-Hannifin by 1.1% in the 4th quarter. Morgan Stanley now owns 2,133,044 shares of the industrial products company's stock valued at $1,874,862,000 after buying an additional 22,367 shares in the last quarter. 82.44% of the stock is currently owned by institutional investors.

Parker-Hannifin Price Performance

Shares of PH stock opened at $1,002.90 on Monday. The firm's 50 day moving average is $984.42 and its 200-day moving average is $948.72. Parker-Hannifin Corporation has a 1 year low of $715.37 and a 1 year high of $1,099.94. The company has a current ratio of 1.26, a quick ratio of 0.74 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $126.46 billion, a price-to-earnings ratio of 35.20, a PEG ratio of 2.61 and a beta of 1.12.

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

Parker-Hannifin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Monday, August 31st will be paid a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, August 31st. Parker-Hannifin's dividend payout ratio (DPR) is 28.08%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Parker-Hannifin in a report on Friday, July 17th. Evercore set a $1,064.00 price target on shares of Parker-Hannifin in a research report on Monday, May 11th. BMO Capital Markets restated an "outperform" rating and set a $1,214.00 price target on shares of Parker-Hannifin in a research note on Friday, August 7th. UBS Group lifted their price objective 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, Sanford C. Bernstein upped their price objective on Parker-Hannifin from $1,037.00 to $1,218.00 and gave the company an "outperform" rating in a research note on Friday, August 14th. Seventeen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $1,100.00.

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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