Handelsbanken Fonder AB Makes New Investment in Parker-Hannifin Corporation $PH

Handelsbanken Fonder AB acquired a new position in shares of Parker-Hannifin Corporation (NYSE:PH) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,331 shares of the industrial products company’s stock, valued at approximately $6,444,000.

Several other institutional investors and hedge funds also recently modified their holdings of PH. Capital World Investors boosted its position in shares of 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 during the period. PFA Pension Forsikringsaktieselskab acquired a new position in shares of Parker-Hannifin during the fourth quarter worth about $104,040,000. California Public Employees Retirement System boosted its position in shares of 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 during the period. Freestone Grove Partners LP acquired a new position in shares of Parker-Hannifin during the third quarter worth about $86,046,000. Finally, Danske Bank A S acquired a new position in shares of Parker-Hannifin during the third quarter worth about $70,822,000. 82.44% of the stock is owned by institutional investors and hedge funds.

Key Parker-Hannifin News

Here are the key news stories impacting Parker-Hannifin this week:

• Positive Sentiment: The CIRCOR Aerospace deal should strengthen Parker-Hannifin’s aerospace and defense portfolio by adding complementary flight-critical motion and flow control capabilities, which management says could boost sales growth, margins, adjusted EPS, and cash flow. Article Title
• Positive Sentiment: Several recent writeups suggest the acquisition fits Parker-Hannifin’s strategy of focusing on higher-growth, higher-margin aerospace businesses, with CIRCOR’s unit expected to generate about $270 million in 2026 sales and more than 40% adjusted EBITDA margin before synergies. Article Title
• Neutral Sentiment: Wall Street coverage remains broadly constructive, with recent analyst notes and price targets still pointing to optimism around Parker-Hannifin’s long-term earnings power. Article Title
• Negative Sentiment: The market may also be weighing the deal’s premium valuation and execution risk, since the purchase is large and still needs regulatory approval before closing in the second half of 2026. Article Title

Parker-Hannifin Stock Performance

Shares of NYSE PH opened at $866.34 on Friday. The stock has a 50 day moving average price of $916.89 and a 200 day moving average price of $913.51. Parker-Hannifin Corporation has a 52 week low of $637.21 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 $109.35 billion, a PE ratio of 31.96, a price-to-earnings-growth ratio of 2.52 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 business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 8th will be given a dividend of $2.00 per share. 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 of this dividend is Friday, May 8th. Parker-Hannifin’s payout ratio is currently 29.51%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. iA Financial set a $1,032.00 price objective on Parker-Hannifin in a research report on Thursday, January 29th. Wall Street Zen raised Parker-Hannifin from a “hold” rating to a “buy” rating in a research report on Wednesday, February 4th. Morgan Stanley upped their price objective on 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. Jefferies Financial Group upped their price objective on Parker-Hannifin from $1,050.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Finally, Wells Fargo & Company reduced their price objective on Parker-Hannifin from $1,050.00 to $980.00 and set an “overweight” rating for the company in a research report on Wednesday, April 1st. Seventeen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,022.30.

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.