OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Invests $13.59 Million in Parker-Hannifin Corporation $PH

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Parker-Hannifin Corporation (NYSE:PH) during the 4th quarter, HoldingsChannel reports. The fund purchased 15,460 shares of the industrial products company’s stock, valued at approximately $13,589,000. Parker-Hannifin makes up approximately 1.6% of OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s investment portfolio, making the stock its 15th largest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. OMERS ADMINISTRATION Corp lifted its stake in shares of Parker-Hannifin by 1.3% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 183,437 shares of the industrial products company’s stock worth $161,234,000 after buying an additional 2,368 shares in the last quarter. Tobias Financial Advisors Inc. purchased a new position in shares of Parker-Hannifin in the fourth quarter worth about $260,000. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Parker-Hannifin by 5.3% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 19,238 shares of the industrial products company’s stock worth $16,909,000 after buying an additional 969 shares in the last quarter. Verition Fund Management LLC lifted its stake in shares of Parker-Hannifin by 81.0% in the fourth quarter. Verition Fund Management LLC now owns 9,434 shares of the industrial products company’s stock worth $8,292,000 after buying an additional 4,222 shares in the last quarter. Finally, South Plains Financial Inc. purchased a new position in shares of Parker-Hannifin in the fourth quarter worth about $55,000. 82.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Wall Street Zen cut shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Citigroup reissued a “buy” rating on shares of Parker-Hannifin in a research report on Monday, June 8th. Evercore set a $1,064.00 price target on shares of Parker-Hannifin in a research report on Monday, May 11th. Sanford C. Bernstein assumed coverage on shares of Parker-Hannifin in a research report on Tuesday, June 9th. They set an “outperform” rating and a $1,026.00 price target on the stock. Finally, Morgan Stanley boosted their price target on shares of Parker-Hannifin from $945.00 to $1,038.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,021.05.

Parker-Hannifin Trading Up 1.7%

Shares of PH stock opened at $919.22 on Tuesday. The company’s 50-day moving average price is $907.65 and its 200-day moving average price is $919.33. The company has a current ratio of 1.13, a quick ratio of 0.66 and a debt-to-equity ratio of 0.46. The stock has a market cap of $115.90 billion, a price-to-earnings ratio of 33.91, a PEG ratio of 2.63 and a beta of 1.14. Parker-Hannifin Corporation has a twelve month low of $646.51 and a twelve month high of $1,034.96.

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

Parker-Hannifin Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 8th were issued a $2.00 dividend. This is an increase from Parker-Hannifin’s previous quarterly dividend of $1.80. The ex-dividend date was Friday, May 8th. This represents a $8.00 annualized dividend and a yield of 0.9%. Parker-Hannifin’s payout ratio is presently 29.51%.

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.