SEB Asset Management AB Invests $4.56 Million in Parker-Hannifin Corporation $PH

SEB Asset Management AB purchased a new position in shares of Parker-Hannifin Corporation (NYSE:PH) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 5,090 shares of the industrial products company’s stock, valued at approximately $4,557,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Regents Gate Capital LLP grew its holdings in shares of Parker-Hannifin by 21,941.3% during the first quarter. Regents Gate Capital LLP now owns 27,772 shares of the industrial products company’s stock worth $24,863,000 after buying an additional 27,646 shares in the last quarter. Swiss National Bank raised its position in shares of Parker-Hannifin by 6.8% in the first quarter. Swiss National Bank now owns 370,300 shares of the industrial products company’s stock valued at $331,507,000 after buying an additional 23,560 shares during the last quarter. World Equity Group Inc. lifted its stake in shares of Parker-Hannifin by 119.0% in the first quarter. World Equity Group Inc. now owns 935 shares of the industrial products company’s stock worth $836,000 after buying an additional 508 shares in the last quarter. AIA Group Ltd acquired a new position in Parker-Hannifin during the first quarter worth about $9,457,000. Finally, Mediolanum International Funds Ltd boosted its position in Parker-Hannifin by 146.0% during the first quarter. Mediolanum International Funds Ltd now owns 17,553 shares of the industrial products company’s stock worth $15,122,000 after acquiring an additional 10,419 shares during the last quarter. 82.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PH. BMO Capital Markets initiated coverage on shares of Parker-Hannifin in a research note on Friday, March 27th. They set an “outperform” rating and a $1,090.00 price objective for the company. Sanford C. Bernstein restated an “outperform” rating and set a $1,037.00 target price on shares of Parker-Hannifin in a report on Thursday, July 16th. Wells Fargo & Company dropped their price target on Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating for the company in a research report on Tuesday, May 26th. JPMorgan Chase & Co. dropped their price target on Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating for the company in a research report on Thursday, May 7th. Finally, Truist Financial increased their price target on Parker-Hannifin from $1,147.00 to $1,269.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Eighteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,027.38.

Parker-Hannifin Trading Up 1.2%

Shares of PH opened at $971.42 on Thursday. Parker-Hannifin Corporation has a 12-month low of $692.02 and a 12-month high of $1,034.96. The firm has a market capitalization of $122.49 billion, a P/E ratio of 35.83, a P/E/G ratio of 2.56 and a beta of 1.11. The firm has a 50-day moving average price of $917.67 and a 200 day moving average price of $934.99. The company has a current ratio of 1.13, a quick ratio of 0.66 and a debt-to-equity ratio of 0.46.

Parker-Hannifin (NYSE:PH) last issued its earnings results on Thursday, April 30th. The industrial products company reported $8.17 EPS for the quarter, topping 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 the consensus estimate of $5.40 billion. During the same period in the previous year, the firm earned $6.94 earnings per share. Parker-Hannifin’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. Sell-side analysts forecast that Parker-Hannifin Corporation will post 31.26 EPS for the current year.

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.