14,000 Shares in Parker-Hannifin Corporation $PH Bought by EULAV Asset Management

EULAV Asset Management purchased a new position in Parker-Hannifin Corporation (NYSE:PH) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,000 shares of the industrial products company’s stock, valued at approximately $12,305,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Arsenal Capital Advisors LLC purchased a new stake in Parker-Hannifin in the fourth quarter worth $219,000. Parallel Advisors LLC grew its stake in shares of Parker-Hannifin by 1.4% in the fourth quarter. Parallel Advisors LLC now owns 8,065 shares of the industrial products company’s stock worth $7,097,000 after acquiring an additional 114 shares during the last quarter. SlateStone Wealth LLC grew its stake in shares of Parker-Hannifin by 1.3% in the fourth quarter. SlateStone Wealth LLC now owns 1,985 shares of the industrial products company’s stock worth $1,744,000 after acquiring an additional 26 shares during the last quarter. Harvest Fund Management Co. Ltd grew its stake in shares of Parker-Hannifin by 556.3% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 210 shares of the industrial products company’s stock worth $185,000 after acquiring an additional 178 shares during the last quarter. Finally, J.W. Cole Advisors Inc. grew its stake in shares of Parker-Hannifin by 35.9% in the fourth quarter. J.W. Cole Advisors Inc. now owns 6,947 shares of the industrial products company’s stock worth $6,106,000 after acquiring an additional 1,835 shares during the last quarter. 82.44% of the stock is owned by hedge funds and other institutional investors.

Parker-Hannifin Price Performance

NYSE PH opened at $883.20 on Friday. Parker-Hannifin Corporation has a one year low of $646.51 and a one year high of $1,034.96. The stock has a 50-day moving average of $907.35 and a 200 day moving average of $915.87. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 1.13. The company has a market capitalization of $111.36 billion, a price-to-earnings ratio of 32.58, a PEG ratio of 2.54 and a beta of 1.14.

Parker-Hannifin (NYSE:PH) last issued its earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share for the quarter, topping 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 business had revenue of $5.49 billion during the quarter, compared to analyst estimates of $5.40 billion. During the same quarter in the previous year, the firm earned $6.94 EPS. Parker-Hannifin’s revenue was up 10.6% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. On average, sell-side analysts forecast that Parker-Hannifin Corporation will post 31.26 EPS for the current year.

Parker-Hannifin Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 8th were given a $2.00 dividend. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $1.80. The ex-dividend date of this dividend was Friday, May 8th. This represents a $8.00 dividend on an annualized basis and a yield of 0.9%. Parker-Hannifin’s payout ratio is presently 29.51%.

Analyst Ratings Changes

A number of equities research analysts have 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 on the stock in a research note on Tuesday, May 26th. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a research note on Tuesday, April 21st. Mizuho set a $1,050.00 target price on Parker-Hannifin in a research note on Friday, May 1st. Morgan Stanley increased their target price on Parker-Hannifin from $945.00 to $1,038.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 24th. Finally, BMO Capital Markets started coverage on Parker-Hannifin in a research note on Friday, March 27th. They issued an “outperform” rating and a $1,090.00 target price on the stock. 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 presently has an average rating of “Moderate Buy” and a consensus target price of $1,020.80.

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.