State of Wisconsin Investment Board Sells 1,713 Shares of Parker-Hannifin Corporation $PH

State of Wisconsin Investment Board cut its stake in Parker-Hannifin Corporation (NYSE:PH) by 2.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,970 shares of the industrial products company’s stock after selling 1,713 shares during the period. State of Wisconsin Investment Board owned approximately 0.05% of Parker-Hannifin worth $58,864,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Mizuho set a $1,050.00 price target on shares of Parker-Hannifin in a report on Friday, May 1st. BMO Capital Markets started coverage on shares of Parker-Hannifin in a research note on Friday, March 27th. They issued an “outperform” rating and a $1,090.00 price objective for the company. Evercore set a $1,064.00 target price on shares of Parker-Hannifin in a research report on Monday, May 11th. Citigroup reissued a “buy” rating on shares of Parker-Hannifin in a research report on Monday, June 8th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Parker-Hannifin in a research note on Tuesday, April 21st. One equities research 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.com, Parker-Hannifin currently has an average rating of “Moderate Buy” and a consensus target price of $1,021.05.

Parker-Hannifin Stock Up 2.1%

Shares of NYSE PH opened at $937.82 on Wednesday. The stock has a market cap of $118.25 billion, a PE ratio of 34.59, a PEG ratio of 2.67 and a beta of 1.14. The business has a fifty day moving average of $908.24 and a two-hundred day moving average of $919.87. Parker-Hannifin Corporation has a 52-week low of $646.51 and a 52-week high of $1,034.96. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 1.13.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.84 by $0.33. The company had revenue of $5.49 billion during 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%.The business’s revenue was up 10.6% on a year-over-year basis. During the same period last year, the business earned $6.94 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. As a group, equities research analysts expect that Parker-Hannifin Corporation will post 31.26 earnings per share for the current fiscal year.

Parker-Hannifin Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 8th were given a dividend of $2.00 per share. 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 dividend on an annualized basis and a dividend yield of 0.9%. Parker-Hannifin’s dividend payout ratio is 29.51%.

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.