Nuveen LLC Acquires 94,343 Shares of Parker-Hannifin Corporation $PH

Nuveen LLC lifted its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 7.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,367,683 shares of the industrial products company’s stock after purchasing an additional 94,343 shares during the quarter. Nuveen LLC owned 1.08% of Parker-Hannifin worth $1,202,139,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Norges Bank acquired a new stake in shares of Parker-Hannifin during the 4th quarter worth approximately $1,756,230,000. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Parker-Hannifin during the 4th quarter worth approximately $185,532,000. Capital World Investors boosted its position in shares of Parker-Hannifin by 7.0% during the 3rd quarter. Capital World Investors now owns 2,584,141 shares of the industrial products company’s stock worth $1,959,166,000 after acquiring an additional 169,073 shares in the last quarter. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Parker-Hannifin during the 4th quarter worth approximately $104,040,000. Finally, California Public Employees Retirement System boosted its position in shares of Parker-Hannifin by 51.3% during the 3rd quarter. California Public Employees Retirement System now owns 336,247 shares of the industrial products company’s stock worth $254,926,000 after acquiring an additional 114,008 shares in the last quarter. 82.44% of the stock is owned by institutional investors.

Parker-Hannifin Stock Performance

Shares of Parker-Hannifin stock opened at $902.07 on Friday. Parker-Hannifin Corporation has a fifty-two week low of $646.51 and a fifty-two week high of $1,034.96. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.66. The firm has a market capitalization of $113.74 billion, a P/E ratio of 33.27, a P/E/G ratio of 2.55 and a beta of 1.14. The company’s 50 day moving average price is $907.83 and its two-hundred day moving average price is $918.43.

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, beating analysts’ consensus estimates of $7.84 by $0.33. Parker-Hannifin had a net margin of 16.58% and a return on equity of 27.97%. The firm had revenue of $5.49 billion for the quarter, compared to analyst estimates of $5.40 billion. During the same quarter last year, the business posted $6.94 earnings per share. The company’s quarterly 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, equities analysts forecast that Parker-Hannifin Corporation will post 31.26 earnings per share for the current fiscal year.

Parker-Hannifin Increases Dividend

The business 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 an increase from Parker-Hannifin’s previous quarterly dividend of $1.80. This represents a $8.00 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, May 8th. Parker-Hannifin’s dividend payout ratio (DPR) is 29.51%.

Analysts Set New Price Targets

Several analysts recently issued reports on PH shares. Truist Financial set a $1,147.00 price target on shares of Parker-Hannifin in a research report on Friday, May 1st. Mizuho set a $1,050.00 price target on shares of Parker-Hannifin in a research report on Friday, May 1st. Stifel Nicolaus increased their price target on shares of Parker-Hannifin from $965.00 to $1,000.00 and gave the stock a “hold” rating in a research report on Friday, April 10th. Citigroup reiterated a “buy” rating on shares of Parker-Hannifin in a research report on Monday. Finally, Morgan Stanley increased their price target on shares of Parker-Hannifin from $945.00 to $1,038.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,021.05.

Parker-Hannifin Company 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.