Swedbank AB Boosts Stock Holdings in Parker-Hannifin Corporation $PH

Key Points

• Swedbank AB increased its stake in Parker-Hannifin Corporation by 54.3% in Q1, now owning approximately 0.19% of the company with a valuation of $148.3 million.
• Parker-Hannifin announced a quarterly dividend of $1.80 per share, scheduled for payment on September 12, equating to an annual yield of 0.9%.
• The company reported earnings of $7.69 per share for the last quarter, exceeding analyst estimates and indicating a revenue increase of 1.1% year-over-year.

Swedbank AB increased its position in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 54.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 244,002 shares of the industrial products company's stock after purchasing an additional 85,917 shares during the period. Swedbank AB owned approximately 0.19% of Parker-Hannifin worth $148,317,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. eCIO Inc. purchased a new position in Parker-Hannifin during the first quarter worth about $136,000. Inspire Investing LLC raised its holdings in Parker-Hannifin by 5.1% during the first quarter. Inspire Investing LLC now owns 12,386 shares of the industrial products company's stock worth $7,529,000 after purchasing an additional 596 shares in the last quarter. Strs Ohio purchased a new position in Parker-Hannifin in the first quarter valued at about $30,548,000. Intrua Financial LLC increased its holdings in Parker-Hannifin by 5.1% in the first quarter. Intrua Financial LLC now owns 520 shares of the industrial products company's stock valued at $316,000 after buying an additional 25 shares in the last quarter. Finally, Advisors Capital Management LLC increased its holdings in Parker-Hannifin by 4.8% in the first quarter. Advisors Capital Management LLC now owns 790 shares of the industrial products company's stock valued at $481,000 after buying an additional 36 shares in the last quarter. 82.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Joseph R. Leonti sold 4,625 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $750.84, for a total transaction of $3,472,635.00. Following the sale, the executive vice president owned 13,878 shares in the company, valued at approximately $10,420,157.52. This trade represents a 25.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Angela R. Ives sold 810 shares of the firm's stock in a transaction that occurred 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 sale, 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 90 days. Insiders own 0.39% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PH. Mizuho set a $785.00 target price on shares of Parker-Hannifin in a report on Friday, May 16th. Citigroup reaffirmed a "buy" rating and issued a $831.00 target price (up from $709.00) on shares of Parker-Hannifin in a report on Monday, July 14th. Stifel Nicolaus increased their target price on shares of Parker-Hannifin from $717.00 to $726.00 and gave the company a "hold" rating in a report on Friday, August 8th. Morgan Stanley increased their target price on shares of Parker-Hannifin from $700.00 to $725.00 and gave the company an "equal weight" rating in a report on Wednesday, July 9th. Finally, Barclays increased their target price on shares of Parker-Hannifin from $750.00 to $776.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Thirteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $770.94.

Parker-Hannifin Trading Up 0.6%

Shares of PH opened at $770.09 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71. The firm has a 50 day simple moving average of $735.40 and a 200-day simple moving average of $667.65. Parker-Hannifin Corporation has a 1-year low of $488.45 and a 1-year high of $779.77. The stock has a market cap of $98.40 billion, a price-to-earnings ratio of 28.40, a price-to-earnings-growth ratio of 3.17 and a beta of 1.35.

Parker-Hannifin (NYSE:PH - Get Free Report) last issued its quarterly earnings data 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. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The business had revenue of $5.24 billion during the quarter, compared to analysts' expectations of $5.10 billion. During the same period last year, the company posted $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. Equities analysts forecast that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Tuesday, September 2nd will be given a dividend of $1.80 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $7.20 dividend on an annualized basis and a yield of 0.9%. Parker-Hannifin's dividend payout ratio (DPR) is 26.55%.

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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