Eurizon SLJ Capital Ltd Invests $524,000 in Parker-Hannifin Corporation $PH

Eurizon SLJ Capital Ltd acquired a new position in shares of Parker-Hannifin Corporation (NYSE:PH) during the 4th quarter, Holdings Channel.com reports. The fund acquired 596 shares of the industrial products company’s stock, valued at approximately $524,000.

Several other institutional investors also recently modified their holdings of the company. JFS Wealth Advisors LLC grew its holdings in shares of Parker-Hannifin by 6.8% during the 4th quarter. JFS Wealth Advisors LLC now owns 173 shares of the industrial products company’s stock worth $152,000 after purchasing an additional 11 shares in the last quarter. Avion Wealth grew its holdings in shares of Parker-Hannifin by 35.5% during the 4th quarter. Avion Wealth now owns 42 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 11 shares in the last quarter. 180 Wealth Advisors LLC grew its holdings in shares of Parker-Hannifin by 1.9% during the 4th quarter. 180 Wealth Advisors LLC now owns 652 shares of the industrial products company’s stock worth $573,000 after purchasing an additional 12 shares in the last quarter. Altfest L J & Co. Inc. grew its holdings in shares of Parker-Hannifin by 4.4% during the 4th quarter. Altfest L J & Co. Inc. now owns 286 shares of the industrial products company’s stock worth $251,000 after purchasing an additional 12 shares in the last quarter. Finally, Berkshire Asset Management LLC PA grew its holdings in shares of Parker-Hannifin by 1.1% during the 3rd quarter. Berkshire Asset Management LLC PA now owns 1,208 shares of the industrial products company’s stock worth $916,000 after purchasing an additional 13 shares in the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Parker-Hannifin Price Performance

Parker-Hannifin stock opened at $844.13 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.66. The company has a market capitalization of $106.43 billion, a PE ratio of 31.14, a price-to-earnings-growth ratio of 2.48 and a beta of 1.18. Parker-Hannifin Corporation has a one year low of $646.51 and a one year high of $1,034.96. The business has a 50 day simple moving average of $912.81 and a 200 day simple moving average of $915.57.

Parker-Hannifin (NYSE:PH) last posted its earnings results on Thursday, April 30th. The industrial products company reported $8.17 EPS for the quarter, topping the consensus estimate of $7.84 by $0.33. The business had revenue of $5.49 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the company earned $6.94 EPS. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. On average, sell-side analysts forecast 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 will be paid on Friday, June 5th. Shareholders of record on Friday, May 8th will be given a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, May 8th. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $1.80. Parker-Hannifin’s dividend payout ratio is presently 29.51%.

Analyst Ratings Changes

PH has been the topic of several recent research reports. Robert W. Baird set a $1,050.00 price objective on Parker-Hannifin in a report on Friday, January 30th. Jefferies Financial Group lifted their price objective on Parker-Hannifin from $1,050.00 to $1,100.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Barclays raised their target price on Parker-Hannifin from $990.00 to $1,020.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. Mizuho set a $1,050.00 target price on Parker-Hannifin in a research report on Friday, May 1st. Finally, JPMorgan Chase & Co. cut their target price 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. Seventeen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Parker-Hannifin has a consensus rating of “Moderate Buy” and an average target price of $1,020.80.

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.