Parker-Hannifin Corporation $PH Shares Acquired by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Parker-Hannifin Corporation (NYSE:PH) by 13.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 24,710 shares of the industrial products company’s stock after acquiring an additional 3,000 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Parker-Hannifin were worth $17,259,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Wealth Preservation Advisors LLC acquired a new stake in shares of Parker-Hannifin in the first quarter valued at $27,000. Interchange Capital Partners LLC acquired a new stake in shares of Parker-Hannifin in the second quarter valued at $31,000. Saudi Central Bank acquired a new stake in shares of Parker-Hannifin in the first quarter valued at $31,000. Olde Wealth Management LLC acquired a new stake in shares of Parker-Hannifin in the first quarter valued at $35,000. Finally, Chilton Capital Management LLC lifted its holdings in shares of Parker-Hannifin by 1,500.0% in the first quarter. Chilton Capital Management LLC now owns 64 shares of the industrial products company’s stock valued at $39,000 after buying an additional 60 shares during the period. Institutional investors and hedge funds own 82.44% of the company’s stock.

Insider Transactions at Parker-Hannifin

In related news, VP Angela R. Ives sold 810 shares of the stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $727.36, for a total value of $589,161.60. Following the completion of the sale, the vice president directly owned 2,798 shares of the company’s stock, valued at approximately $2,035,153.28. This represents a 22.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Robert W. Malone sold 2,257 shares of the stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $730.66, for a total value of $1,649,099.62. Following the completion of the sale, the vice president directly owned 5,866 shares of the company’s stock, valued at approximately $4,286,051.56. This represents a 27.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 14,039 shares of company stock worth $10,356,566. 0.32% of the stock is currently owned by company insiders.

Parker-Hannifin Trading Down 0.9%

Shares of NYSE PH opened at $767.40 on Wednesday. The business has a fifty day simple moving average of $752.86 and a 200-day simple moving average of $700.78. The company has a market cap of $97.11 billion, a price-to-earnings ratio of 28.30, a P/E/G ratio of 3.20 and a beta of 1.35. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 0.55. Parker-Hannifin Corporation has a 12 month low of $488.45 and a 12 month high of $780.00.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.08 by $0.61. The firm had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.10 billion. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the prior year, the business earned $6.77 EPS. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Sell-side analysts predict that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 7th will be paid a $1.80 dividend. This represents a $7.20 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, November 7th. Parker-Hannifin’s dividend payout ratio is currently 26.55%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Mizuho upped their price objective on Parker-Hannifin from $800.00 to $825.00 and gave the company an “outperform” rating in a report on Friday, October 17th. KeyCorp upped their target price on Parker-Hannifin from $810.00 to $825.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. Truist Financial upped their target price on Parker-Hannifin from $822.00 to $910.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Morgan Stanley upped their target price on Parker-Hannifin from $700.00 to $725.00 and gave the company an “equal weight” rating in a report on Wednesday, July 9th. Finally, Stifel Nicolaus reduced their target price on Parker-Hannifin from $726.00 to $723.00 and set a “hold” rating for the company in a report on Monday, October 20th. Fourteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $789.67.

Parker-Hannifin Company Profile

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to ensure purity and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors used in fluid and gas handling; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.