AMF Tjanstepension AB Has $372.99 Million Holdings in Parker-Hannifin Corporation $PH

AMF Tjanstepension AB increased its holdings in Parker-Hannifin Corporation (NYSE:PH) by 28.2% during the second quarter, HoldingsChannel reports. The fund owned 533,895 shares of the industrial products company’s stock after acquiring an additional 117,511 shares during the quarter. Parker-Hannifin accounts for about 2.5% of AMF Tjanstepension AB’s investment portfolio, making the stock its 13th biggest holding. AMF Tjanstepension AB’s holdings in Parker-Hannifin were worth $372,991,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Wealth Preservation Advisors LLC purchased a new stake in Parker-Hannifin in the 1st quarter valued at about $27,000. Saudi Central Bank purchased a new stake in Parker-Hannifin in the 1st quarter valued at about $31,000. Olde Wealth Management LLC purchased a new stake in Parker-Hannifin in the 1st quarter valued at about $35,000. Chilton Capital Management LLC increased its stake in Parker-Hannifin by 1,500.0% in the 1st quarter. Chilton Capital Management LLC now owns 64 shares of the industrial products company’s stock valued at $39,000 after buying an additional 60 shares during the last quarter. Finally, Accent Capital Management LLC purchased a new stake in Parker-Hannifin in the 1st quarter valued at about $41,000. Institutional investors and hedge funds own 82.44% of the company’s stock.

Parker-Hannifin Stock Up 0.7%

Parker-Hannifin stock opened at $763.72 on Friday. Parker-Hannifin Corporation has a twelve month low of $488.45 and a twelve month high of $779.77. The firm has a 50 day moving average price of $747.47 and a 200-day moving average price of $681.34. The company has a market capitalization of $96.64 billion, a P/E ratio of 28.16, a P/E/G ratio of 3.14 and a beta of 1.35. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 0.55.

Parker-Hannifin (NYSE:PH) last released its earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share for the quarter, beating analysts’ consensus estimates of $7.08 by $0.61. The firm had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.10 billion. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The company’s revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.77 EPS. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, equities analysts predict that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were issued a $1.80 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.20 annualized dividend and a yield of 0.9%. Parker-Hannifin’s dividend payout ratio (DPR) is 26.55%.

Analyst Ratings Changes

Several research firms have commented on PH. Raymond James Financial increased their price objective on shares of Parker-Hannifin from $735.00 to $845.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Morgan Stanley increased their price objective on shares of Parker-Hannifin from $700.00 to $725.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 9th. Wall Street Zen upgraded shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a research note on Saturday, September 20th. Evercore ISI reiterated an “outperform” rating on shares of Parker-Hannifin in a research note on Tuesday, August 19th. Finally, Barclays increased their target price on shares of Parker-Hannifin from $776.00 to $785.00 and gave the company an “overweight” rating in a research report on Wednesday. Fourteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $771.44.

Insider Buying and Selling

In other Parker-Hannifin news, VP Thomas C. Gentile sold 1,133 shares of the firm’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $729.50, for a total value of $826,523.50. Following the completion of the transaction, the vice president directly owned 5,465 shares of the company’s stock, valued at $3,986,717.50. This trade represents a 17.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Angela R. Ives sold 810 shares of the firm’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $727.36, for a total transaction of $589,161.60. Following the completion of the transaction, the vice president directly owned 2,798 shares of the company’s stock, valued at approximately $2,035,153.28. The trade was a 22.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,039 shares of company stock worth $10,356,566 in the last 90 days. 0.32% of the stock is currently owned by company insiders.

Parker-Hannifin Company Profile

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to ensure purity and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors used in fluid and gas handling; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.