MUFG Securities EMEA plc Has $4.55 Million Holdings in Parker-Hannifin Corporation $PH

MUFG Securities EMEA plc raised its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 111.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,173 shares of the industrial products company’s stock after buying an additional 2,727 shares during the quarter. MUFG Securities EMEA plc’s holdings in Parker-Hannifin were worth $4,547,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Texas Capital Bancshares Inc TX acquired a new position in shares of Parker-Hannifin during the third quarter worth approximately $25,000. HFM Investment Advisors LLC lifted its holdings in shares of Parker-Hannifin by 1,000.0% during the fourth quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company’s stock worth $29,000 after buying an additional 30 shares during the last quarter. Lloyd Advisory Services LLC. acquired a new position in shares of Parker-Hannifin during the fourth quarter worth approximately $31,000. Ameriflex Group Inc. lifted its holdings in shares of Parker-Hannifin by 366.7% during the third quarter. Ameriflex Group Inc. now owns 42 shares of the industrial products company’s stock worth $32,000 after buying an additional 33 shares during the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC lifted its holdings in shares of Parker-Hannifin by 80.0% during the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company’s stock worth $32,000 after buying an additional 16 shares during the last quarter. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on PH shares. Wells Fargo & Company cut their target price 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. Truist Financial set a $1,147.00 target price on Parker-Hannifin in a research note on Friday, May 1st. Mizuho set a $1,050.00 target price on Parker-Hannifin in a research note on Friday, May 1st. Stifel Nicolaus upped their target price on Parker-Hannifin from $965.00 to $1,000.00 and gave the company a “hold” rating in a research note on Friday, April 10th. Finally, Evercore set a $1,064.00 target price on Parker-Hannifin in a research note on Monday, May 11th. Seventeen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,020.80.

Parker-Hannifin Stock Performance

Shares of NYSE:PH opened at $844.13 on Monday. The business’s fifty day moving average price is $912.81 and its two-hundred day moving average price is $916.09. Parker-Hannifin Corporation has a fifty-two week low of $646.51 and a fifty-two week high of $1,034.96. The stock has a market capitalization of $106.44 billion, a price-to-earnings ratio of 31.14, a price-to-earnings-growth ratio of 2.46 and a beta of 1.14. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.66.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share for the quarter, beating analysts’ consensus estimates of $7.84 by $0.33. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The firm had revenue of $5.49 billion for the quarter, compared to analysts’ expectations of $5.40 billion. During the same period in the prior year, the business posted $6.94 earnings per share. The business’s revenue was up 10.6% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. As a group, analysts predict that Parker-Hannifin Corporation will post 31.26 EPS for the current fiscal year.

Parker-Hannifin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 8th will be given a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.9%. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $1.80. The ex-dividend date is Friday, May 8th. Parker-Hannifin’s dividend payout ratio (DPR) is currently 29.51%.

Parker-Hannifin 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.