BNP Paribas Has $45.33 Million Stock Holdings in Parker-Hannifin Corporation $PH

BNP Paribas lessened its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 6.7% during the 4th quarter, HoldingsChannel reports. The fund owned 51,461 shares of the industrial products company’s stock after selling 3,687 shares during the quarter. Parker-Hannifin accounts for about 1.3% of BNP Paribas’ investment portfolio, making the stock its 18th largest holding. BNP Paribas’ holdings in Parker-Hannifin were worth $45,333,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Texas Capital Bancshares Inc TX acquired a new position in shares of Parker-Hannifin during the third quarter valued at $25,000. HFM Investment Advisors LLC increased its holdings in Parker-Hannifin by 1,000.0% in the fourth quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 30 shares during the last quarter. Lloyd Advisory Services LLC. bought a new stake in Parker-Hannifin in the fourth quarter valued at about $31,000. Ameriflex Group Inc. increased its holdings in Parker-Hannifin by 366.7% in the third quarter. Ameriflex Group Inc. now owns 42 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 33 shares during the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC increased its holdings in Parker-Hannifin by 80.0% in the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 16 shares during the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Analyst Upgrades and Downgrades

PH has been the subject of a number of recent analyst reports. Evercore set a $1,064.00 price objective on Parker-Hannifin in a report on Monday, May 11th. Wells Fargo & Company lowered their price target on Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating for the company in a report on Tuesday, May 26th. Stifel Nicolaus increased their price target on Parker-Hannifin from $965.00 to $1,000.00 and gave the stock a “hold” rating in a report on Friday, April 10th. Truist Financial set a $1,147.00 price target on Parker-Hannifin in a report on Friday, May 1st. Finally, BMO Capital Markets started coverage on Parker-Hannifin in a report on Friday, March 27th. They issued an “outperform” rating and a $1,090.00 price target for the company. Seventeen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,020.80.

Parker-Hannifin Stock Performance

Shares of NYSE PH opened at $824.39 on Tuesday. The stock has a 50 day moving average price of $911.32 and a 200 day moving average price of $915.86. Parker-Hannifin Corporation has a 52 week low of $646.51 and a 52 week high of $1,034.96. 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 stock has a market capitalization of $103.94 billion, a PE ratio of 30.41, a price-to-earnings-growth ratio of 2.46 and a beta of 1.18.

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

Parker-Hannifin Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 8th will be given a $2.00 dividend. The ex-dividend date of this dividend is Friday, May 8th. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $1.80. This represents a $8.00 dividend on an annualized basis and a dividend yield of 1.0%. Parker-Hannifin’s payout ratio is 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.