KBC Group NV Has $31.32 Million Holdings in Parker-Hannifin Corporation $PH

KBC Group NV lessened its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 14.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,987 shares of the industrial products company’s stock after selling 6,074 shares during the period. KBC Group NV’s holdings in Parker-Hannifin were worth $31,321,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Texas Capital Bancshares Inc TX bought a new stake in shares of Parker-Hannifin during the 3rd quarter valued at approximately $25,000. HFM Investment Advisors LLC lifted its stake in Parker-Hannifin by 1,000.0% in the 4th 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. acquired a new stake in Parker-Hannifin in the fourth quarter valued at approximately $31,000. NFSG Corp grew its stake in shares of Parker-Hannifin by 94.4% during the first quarter. NFSG Corp now owns 35 shares of the industrial products company’s stock worth $31,000 after buying an additional 17 shares during the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC increased its holdings in shares of Parker-Hannifin by 80.0% during the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company’s stock worth $32,000 after buying an additional 16 shares in the last quarter. Institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Price Performance

PH stock opened at $950.03 on Tuesday. The company has a market capitalization of $119.79 billion, a P/E ratio of 35.04, a price-to-earnings-growth ratio of 2.54 and a beta of 1.11. 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 Corporation has a 52-week low of $692.02 and a 52-week high of $1,034.96. The business has a 50-day simple moving average of $914.33 and a two-hundred day simple moving average of $933.78.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $8.17 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $5.40 billion. During the same period in the prior year, the company posted $6.94 EPS. Parker-Hannifin’s 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. Research analysts expect that Parker-Hannifin Corporation will post 31.26 EPS for the current fiscal year.

Parker-Hannifin Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 8th were paid a $2.00 dividend. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $1.80. The ex-dividend date of this dividend was Friday, May 8th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.8%. Parker-Hannifin’s dividend payout ratio is currently 29.51%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Parker-Hannifin in a research note on Tuesday, April 21st. Sanford C. Bernstein restated an “outperform” rating and set a $1,037.00 price objective on shares of Parker-Hannifin in a research report on Thursday. Mizuho set a $1,050.00 target price on Parker-Hannifin in a research report on Friday, May 1st. Wells Fargo & Company cut their price target on Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 26th. Finally, Citigroup restated a “buy” rating on shares of Parker-Hannifin in a report on Monday, June 8th. Eighteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Parker-Hannifin currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,027.38.

Parker-Hannifin 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.