Lazard Freres Gestion S.A.S. Decreases Position in Parker-Hannifin Corporation $PH

Lazard Freres Gestion S.A.S. lowered its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 10.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 122,273 shares of the industrial products company’s stock after selling 13,959 shares during the period. Parker-Hannifin accounts for 1.9% of Lazard Freres Gestion S.A.S.’s investment portfolio, making the stock its 18th biggest holding. Lazard Freres Gestion S.A.S.’s holdings in Parker-Hannifin were worth $107,473,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of PH. Capital World Investors grew its position in Parker-Hannifin by 7.0% during the third quarter. Capital World Investors now owns 2,584,141 shares of the industrial products company’s stock worth $1,959,166,000 after buying an additional 169,073 shares in the last quarter. PFA Pension Forsikringsaktieselskab purchased a new position in Parker-Hannifin during the fourth quarter worth about $104,040,000. California Public Employees Retirement System grew its position in Parker-Hannifin by 51.3% during the third quarter. California Public Employees Retirement System now owns 336,247 shares of the industrial products company’s stock worth $254,926,000 after buying an additional 114,008 shares in the last quarter. Freestone Grove Partners LP purchased a new position in Parker-Hannifin during the third quarter worth about $86,046,000. Finally, Danske Bank A S purchased a new position in Parker-Hannifin during the third quarter worth about $70,822,000. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Barclays boosted their target price on Parker-Hannifin from $990.00 to $1,020.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. KeyCorp restated an “overweight” rating and set a $1,100.00 target price on shares of Parker-Hannifin in a research report on Friday, January 30th. iA Financial set a $1,032.00 target price on Parker-Hannifin in a research report on Thursday, January 29th. BMO Capital Markets assumed coverage on Parker-Hannifin in a research report on Friday, March 27th. They set an “outperform” rating and a $1,090.00 target price for the company. Finally, Mizuho set a $1,050.00 target price on Parker-Hannifin in a research report on Friday, May 1st. Seventeen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,022.30.

Parker-Hannifin Stock Down 0.7%

Shares of NYSE:PH opened at $852.23 on Wednesday. Parker-Hannifin Corporation has a 52-week low of $637.21 and a 52-week high of $1,034.96. The firm has a fifty day moving average of $921.52 and a 200 day moving average of $912.60. The firm has a market capitalization of $107.57 billion, a PE ratio of 31.44, a price-to-earnings-growth ratio of 2.50 and a beta of 1.18. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 1.13.

Parker-Hannifin (NYSE:PH) last announced its earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.84 by $0.33. Parker-Hannifin had a net margin of 16.58% and a return on equity of 27.97%. The company had revenue of $5.49 billion during the quarter, compared to analyst estimates of $5.40 billion. During the same period in the previous year, the business earned $6.94 earnings per share. The firm’s quarterly 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, research analysts anticipate that Parker-Hannifin Corporation will post 31.26 EPS for the current fiscal year.

Parker-Hannifin Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 8th will be given a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 0.9%. This is a boost 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 presently 29.51%.

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.