Legal & General Group Plc Has $668.43 Million Stock Holdings in Parker-Hannifin Corporation $PH

Legal & General Group Plc grew its holdings in Parker-Hannifin Corporation (NYSE:PH) by 1.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 760,476 shares of the industrial products company’s stock after purchasing an additional 7,358 shares during the quarter. Legal & General Group Plc’s holdings in Parker-Hannifin were worth $668,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in PH. Texas Capital Bancshares Inc TX acquired a new position in Parker-Hannifin during the 3rd quarter worth approximately $25,000. Chilton Capital Management LLC acquired a new position in Parker-Hannifin during the 3rd quarter worth approximately $29,000. HFM Investment Advisors LLC raised its stake in Parker-Hannifin by 1,000.0% during the 4th 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 period. Lloyd Advisory Services LLC. acquired a new position in Parker-Hannifin during the 4th quarter worth approximately $31,000. Finally, Ameriflex Group Inc. raised its stake in Parker-Hannifin by 366.7% during the 3rd 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 period. 82.44% of the stock is owned by institutional investors and hedge funds.

Parker-Hannifin Stock Performance

PH stock opened at $866.34 on Tuesday. The firm has a market cap of $109.35 billion, a PE ratio of 31.96, a P/E/G ratio of 2.52 and a beta of 1.18. The company has a quick ratio of 0.66, a current ratio of 1.13 and a debt-to-equity ratio of 0.46. The business has a 50 day moving average of $916.18 and a 200-day moving average of $915.20. Parker-Hannifin Corporation has a 12-month low of $637.21 and a 12-month high of $1,034.96.

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

Parker-Hannifin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 8th will be issued a $2.00 dividend. This is a boost from Parker-Hannifin’s previous quarterly dividend of $1.80. This represents a $8.00 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, May 8th. Parker-Hannifin’s dividend payout ratio is currently 29.51%.

Wall Street Analysts Forecast Growth

PH has been the topic of a number of research reports. KeyCorp reaffirmed an “overweight” rating and set a $1,100.00 price target on shares of Parker-Hannifin in a research note on Friday, January 30th. Citigroup boosted their price objective on Parker-Hannifin from $1,137.00 to $1,141.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Evercore set a $1,064.00 price objective on Parker-Hannifin in a report on Monday, May 11th. Truist Financial set a $1,147.00 price objective on Parker-Hannifin in a report on Friday, May 1st. Finally, Robert W. Baird set a $1,050.00 price objective on Parker-Hannifin in a report on Friday, January 30th. Seventeen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Parker-Hannifin presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,022.30.

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.