4,304 Shares of Parker-Hannifin Corporation $PH Purchased by Machina Capital S.A.S.

Machina Capital S.A.S. acquired a new stake in Parker-Hannifin Corporation (NYSE:PH) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,304 shares of the industrial products company’s stock, valued at approximately $4,112,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in Parker-Hannifin in the 2nd quarter worth approximately $10,163,362,000. State Street Corp increased its stake in Parker-Hannifin by 0.5% during the 2nd quarter. State Street Corp now owns 9,385,389 shares of the industrial products company’s stock valued at $9,180,037,000 after purchasing an additional 42,548 shares in the last quarter. Bank of America Corp DE acquired a new position in Parker-Hannifin during the 2nd quarter valued at approximately $3,273,507,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Parker-Hannifin by 2.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,032,942 shares of the industrial products company’s stock valued at $1,010,341,000 after purchasing an additional 25,167 shares in the last quarter. Finally, Deutsche Bank AG purchased a new position in shares of Parker-Hannifin in the second quarter worth $987,587,000. 82.44% of the stock is owned by hedge funds and other institutional investors.

Parker-Hannifin Price Performance

Shares of NYSE PH opened at $972.53 on Thursday. The business’s 50 day moving average price is $945.68 and its 200 day moving average price is $949.65. The firm has a market cap of $122.64 billion, a P/E ratio of 33.40, a P/E/G ratio of 2.28 and a beta of 1.15. Parker-Hannifin Corporation has a 52 week low of $806.22 and a 52 week high of $1,099.94. The company has a quick ratio of 0.55, a current ratio of 0.94 and a debt-to-equity ratio of 0.79.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings results on Thursday, November 5th. The industrial products company reported $8.90 earnings per share for the quarter, topping the consensus estimate of $8.21 by $0.69. Parker-Hannifin had a net margin of 16.62% and a return on equity of 28.80%. The company had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.81 billion. During the same quarter in the prior year, the company earned $7.22 EPS. Parker-Hannifin’s quarterly revenue was up 17.9% on a year-over-year basis. Parker-Hannifin has set its FY 2027 guidance at 36.450-37.250 EPS. On average, sell-side analysts expect that Parker-Hannifin Corporation will post 37.07 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 13th will be issued a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, November 13th. Parker-Hannifin’s dividend payout ratio is 27.47%.

Insider Activity at Parker-Hannifin

In other news, VP Berend Bracht sold 602 shares of the company’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $1,040.47, for a total value of $626,362.94. Following the sale, the vice president directly owned 4,399 shares of the company’s stock, valued at $4,577,027.53. This represents a 12.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.35% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on PH shares. Wells Fargo & Company assumed coverage on shares of Parker-Hannifin in a report on Thursday, September 24th. They issued an “equal weight” rating and a $1,050.00 price target for the company. Stifel Nicolaus set a $1,002.00 price objective on shares of Parker-Hannifin in a report on Monday, October 19th. Sanford C. Bernstein reissued an “outperform” rating on shares of Parker-Hannifin in a research report on Monday. UBS Group set a $950.00 target price on Parker-Hannifin in a research report on Wednesday, October 14th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $1,214.00 target price (up from $1,068.00) on shares of Parker-Hannifin in a research note on Friday, August 7th. Eighteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Parker-Hannifin presently has a consensus rating of “Moderate Buy” and an average target price of $1,146.35.

About Parker-Hannifin

Parker-Hannifin is a global manufacturer of motion and control technologies. Its products include hydraulic and pneumatic systems, fluid connectors, filtration and sealing products, electromechanical components, and systems for aerospace and climate control applications. The company serves customers across industries such as aerospace, manufacturing, transportation, energy, and life sciences. Its operations span markets around the world, with businesses organized around industrial and aerospace products and services.