Swedbank AB Buys 84,447 Shares of Parker-Hannifin Corporation $PH

Key Points

• Swedbank AB boosted its stake in Parker-Hannifin by 32.2%, buying 84,447 shares to hold 346,522 shares (about 0.27% of the company) valued at roughly $304.6 million.
• Parker-Hannifin beat Q1 estimates, reporting EPS $8.17 versus $7.84 and revenue $5.49B versus $5.40B, set FY2026 guidance at 31.20 EPS, and carries an average analyst target near $1,012 with a "Moderate Buy" consensus.
• The company raised its quarterly dividend to $2.00 ($8.00 annualized, ~0.9% yield), while insiders sold modest stakes and institutional ownership remains high at about 82%.

Swedbank AB raised its stake in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 32.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 346,522 shares of the industrial products company's stock after buying an additional 84,447 shares during the quarter. Swedbank AB owned about 0.27% of Parker-Hannifin worth $304,579,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. JFS Wealth Advisors LLC increased its holdings in shares of Parker-Hannifin by 6.8% during the fourth quarter. JFS Wealth Advisors LLC now owns 173 shares of the industrial products company's stock valued at $152,000 after acquiring an additional 11 shares in the last quarter. Avion Wealth boosted its stake in Parker-Hannifin by 35.5% in the 4th quarter. Avion Wealth now owns 42 shares of the industrial products company's stock worth $36,000 after purchasing an additional 11 shares in the last quarter. 180 Wealth Advisors LLC boosted its stake in Parker-Hannifin by 1.9% in the 4th quarter. 180 Wealth Advisors LLC now owns 652 shares of the industrial products company's stock worth $573,000 after purchasing an additional 12 shares in the last quarter. Altfest L J & Co. Inc. grew its position in Parker-Hannifin by 4.4% during the 4th quarter. Altfest L J & Co. Inc. now owns 286 shares of the industrial products company's stock valued at $251,000 after purchasing an additional 12 shares during the last quarter. Finally, Berkshire Asset Management LLC PA increased its stake in Parker-Hannifin by 1.1% during the 3rd quarter. Berkshire Asset Management LLC PA now owns 1,208 shares of the industrial products company's stock valued at $916,000 after purchasing an additional 13 shares in the last quarter. 82.44% of the stock is owned by hedge funds and other institutional investors.

Parker-Hannifin Trading Up 0.6%

Shares of PH stock opened at $872.54 on Wednesday. Parker-Hannifin Corporation has a 12-month low of $608.31 and a 12-month high of $1,034.96. The company has a current ratio of 1.13, a quick ratio of 0.66 and a debt-to-equity ratio of 0.46. The firm's 50 day moving average is $945.13 and its 200 day moving average is $904.12. The stock has a market capitalization of $110.13 billion, a P/E ratio of 32.19, a P/E/G ratio of 2.78 and a beta of 1.18.

Parker-Hannifin (NYSE:PH - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.84 by $0.33. The firm had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.40 billion. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The company's revenue for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the business posted $6.94 EPS. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. Research analysts expect that Parker-Hannifin Corporation will post 31.1 earnings per share for the current year.

Parker-Hannifin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 8th will be paid a dividend of $2.00 per share. The ex-dividend date is Friday, May 8th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.9%. This is an increase from Parker-Hannifin's previous quarterly dividend of $1.80. Parker-Hannifin's dividend payout ratio is presently 26.56%.

Analysts Set New Price Targets

PH has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Parker-Hannifin in a report on Tuesday, April 21st. Mizuho set a $1,050.00 price target on shares of Parker-Hannifin in a research report on Friday. KeyCorp reaffirmed an "overweight" rating and issued a $1,100.00 price objective on shares of Parker-Hannifin in a research report on Friday, January 30th. JPMorgan Chase & Co. increased their target price on Parker-Hannifin from $1,083.00 to $1,100.00 and gave the company an "overweight" rating in a research note on Friday, January 30th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Parker-Hannifin in a report on Thursday, January 29th. Seventeen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $1,012.45.

Insider Activity

In other news, COO Andrew D. Ross sold 4,664 shares of Parker-Hannifin stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $999.00, for a total transaction of $4,659,336.00. Following the transaction, the chief operating officer directly owned 13,120 shares of the company's stock, valued at $13,106,880. The trade was a 26.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Todd M. Leombruno sold 2,062 shares of the firm's stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $1,002.34, for a total transaction of $2,066,825.08. Following the sale, the chief financial officer owned 20,610 shares in the company, valued at $20,658,227.40. The trade was a 9.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.32% of the stock is owned by corporate insiders.

About Parker-Hannifin

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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