Diversified Trust Co Purchases 1,613 Shares of Parker-Hannifin Corporation $PH

Diversified Trust Co raised its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 41.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,466 shares of the industrial products company’s stock after buying an additional 1,613 shares during the quarter. Diversified Trust Co’s holdings in Parker-Hannifin were worth $4,893,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

PH has been the subject of a number of analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Parker-Hannifin in a research report on Tuesday, April 21st. Evercore set a $1,064.00 price target on Parker-Hannifin in a report on Monday, May 11th. Mizuho set a $1,050.00 price target on Parker-Hannifin in a research report on Friday, May 1st. Wells Fargo & Company dropped their price objective on Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating on the stock in a report on Tuesday, May 26th. Finally, JPMorgan Chase & Co. cut their price target on shares of Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,021.05.

Parker-Hannifin Price Performance

Parker-Hannifin stock opened at $954.25 on Friday. Parker-Hannifin Corporation has a 52-week low of $646.51 and a 52-week high of $1,034.96. The firm has a market capitalization of $120.32 billion, a price-to-earnings ratio of 35.20, a PEG ratio of 2.77 and a beta of 1.14. The company has a fifty day simple moving average of $909.58 and a 200-day simple moving average of $921.35. The company has a quick ratio of 0.66, a current ratio of 1.13 and a debt-to-equity ratio of 0.46.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share for the quarter, topping the consensus estimate of $7.84 by $0.33. The firm had revenue of $5.49 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the firm posted $6.94 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. On average, equities analysts anticipate that Parker-Hannifin Corporation will post 31.26 EPS for the current fiscal year.

Parker-Hannifin Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 8th were issued a dividend of $2.00 per share. The ex-dividend date was Friday, May 8th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.8%. This is an increase from Parker-Hannifin’s previous quarterly dividend of $1.80. Parker-Hannifin’s 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.