Ilmarinen Mutual Pension Insurance Co Takes Position in Parker-Hannifin Corporation $PH

Ilmarinen Mutual Pension Insurance Co acquired a new stake in Parker-Hannifin Corporation (NYSE:PH) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 20,000 shares of the industrial products company’s stock, valued at approximately $17,579,000.

Several other large investors have also made changes to their positions in PH. Moors & Cabot Inc. lifted its stake in shares of Parker-Hannifin by 2.0% in the 4th quarter. Moors & Cabot Inc. now owns 2,664 shares of the industrial products company’s stock valued at $2,342,000 after purchasing an additional 51 shares during the period. Intech Investment Management LLC lifted its stake in shares of Parker-Hannifin by 1.8% in the 4th quarter. Intech Investment Management LLC now owns 4,383 shares of the industrial products company’s stock valued at $3,852,000 after purchasing an additional 76 shares during the period. Foundations Investment Advisors LLC lifted its stake in shares of Parker-Hannifin by 11.4% in the 4th quarter. Foundations Investment Advisors LLC now owns 391 shares of the industrial products company’s stock valued at $344,000 after purchasing an additional 40 shares during the period. Kingsview Wealth Management LLC lifted its stake in shares of Parker-Hannifin by 15.4% in the 4th quarter. Kingsview Wealth Management LLC now owns 2,306 shares of the industrial products company’s stock valued at $2,027,000 after purchasing an additional 308 shares during the period. Finally, Smith Chas P & Associates PA Cpas acquired a new position in shares of Parker-Hannifin in the 4th quarter valued at $238,000. 82.44% of the stock is owned by hedge funds and other institutional investors.

Parker-Hannifin Trading Down 0.5%

PH stock opened at $852.60 on Friday. 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 Corporation has a 12-month low of $646.51 and a 12-month high of $1,034.96. The stock has a market cap of $107.50 billion, a price-to-earnings ratio of 31.45, a PEG ratio of 2.49 and a beta of 1.18. The business’s 50-day moving average is $914.19 and its 200 day moving average is $916.07.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.84 by $0.33. The company had revenue of $5.49 billion for the quarter, compared to analysts’ expectations of $5.40 billion. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.Parker-Hannifin’s revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.94 EPS. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. On average, sell-side analysts anticipate that Parker-Hannifin Corporation will post 31.26 EPS for the current fiscal year.

Parker-Hannifin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 8th will be paid a $2.00 dividend. This is an increase from Parker-Hannifin’s previous quarterly dividend of $1.80. This represents a $8.00 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, May 8th. Parker-Hannifin’s payout ratio is 29.51%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their target price on shares of Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. Citigroup boosted their price objective on Parker-Hannifin from $1,137.00 to $1,141.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Stifel Nicolaus upped their target price on Parker-Hannifin from $965.00 to $1,000.00 and gave the stock a “hold” rating in a research note on Friday, April 10th. Jefferies Financial Group increased their target price on Parker-Hannifin from $1,050.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Finally, Wells Fargo & Company dropped their price target on shares of Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating on the stock in a research note on Tuesday. Seventeen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,020.80.

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.