1,750 Shares in Parker-Hannifin Corporation $PH Acquired by MidFirst Bank

MidFirst Bank acquired a new position in shares of Parker-Hannifin Corporation (NYSE:PH) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,750 shares of the industrial products company’s stock, valued at approximately $1,538,000.

Other large investors have also made changes to their positions in the company. Norges Bank purchased a new position in shares of Parker-Hannifin in the 4th quarter worth about $1,756,230,000. Eurizon Capital SGR S.p.A. acquired a new position in shares of Parker-Hannifin during the 4th quarter valued at $185,532,000. Focus Partners Wealth boosted its position in Parker-Hannifin by 1,535.3% during the 4th quarter. Focus Partners Wealth now owns 221,010 shares of the industrial products company’s stock worth $194,106,000 after purchasing an additional 207,495 shares during the period. Capital World Investors boosted its position in Parker-Hannifin by 7.0% during the 3rd quarter. Capital World Investors now owns 2,584,141 shares of the industrial products company’s stock worth $1,959,166,000 after purchasing an additional 169,073 shares during the period. Finally, PFA Pension Forsikringsaktieselskab acquired a new stake in Parker-Hannifin in the 4th quarter valued at $104,040,000. 82.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on PH. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a research report on Tuesday, April 21st. Evercore set a $1,064.00 target price on Parker-Hannifin in a research note on Monday, May 11th. Mizuho set a $1,050.00 price objective on shares of Parker-Hannifin in a research report on Friday, May 1st. JPMorgan Chase & Co. dropped their price objective on shares of Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating on the stock in a research note on Thursday, May 7th. Finally, Stifel Nicolaus upped their target price on shares of Parker-Hannifin from $965.00 to $1,000.00 and gave the company a “hold” rating in a research note on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Parker-Hannifin has an average rating of “Moderate Buy” and a consensus target price of $1,021.05.

Parker-Hannifin Trading Up 0.1%

Shares of PH opened at $954.25 on Friday. Parker-Hannifin Corporation has a one year low of $646.51 and a one year high of $1,034.96. The stock has a 50-day moving average price of $909.58 and a 200 day moving average price of $921.35. 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 company has a market capitalization of $120.32 billion, a P/E ratio of 35.20, a P/E/G ratio of 2.77 and a beta of 1.14.

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. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.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 business earned $6.94 EPS. Parker-Hannifin’s revenue for the quarter 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 fiscal year.

Parker-Hannifin Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 8th were paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.8%. This is a boost from Parker-Hannifin’s previous quarterly dividend of $1.80. The ex-dividend date was Friday, May 8th. Parker-Hannifin’s payout ratio is presently 29.51%.

About Parker-Hannifin

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.