Parker-Hannifin Corporation $PH Shares Purchased by Northwestern Mutual Wealth Management Co.

by · The Cerbat Gem

Northwestern Mutual Wealth Management Co. raised its stake in Parker-Hannifin Corporation (NYSE:PH – Free Report) by 14.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 79,264 shares of the industrial products company’s stock after buying an additional 10,118 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.06% of Parker-Hannifin worth $69,670,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of PH. Capital World Investors grew its holdings in shares of 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 worth $1,959,166,000 after acquiring an additional 169,073 shares during the last quarter. PFA Pension Forsikringsaktieselskab purchased a new stake in shares of Parker-Hannifin during the fourth quarter valued at $104,040,000. California Public Employees Retirement System lifted its holdings in shares of Parker-Hannifin by 51.3% during the third quarter. California Public Employees Retirement System now owns 336,247 shares of the industrial products company’s stock valued at $254,926,000 after purchasing an additional 114,008 shares during the last quarter. Freestone Grove Partners LP acquired a new position in shares of Parker-Hannifin in the 3rd quarter valued at $86,046,000. Finally, Danske Bank A S purchased a new position in Parker-Hannifin in the 3rd quarter worth about $70,822,000. Institutional investors and hedge funds own 82.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PH shares. KeyCorp restated an “overweight” rating and set a $1,100.00 price objective on shares of Parker-Hannifin in a report on Friday, January 30th. BMO Capital Markets assumed coverage on shares of Parker-Hannifin in a research report on Friday, March 27th. They issued an “outperform” rating and a $1,090.00 target price on the stock. Barclays boosted their price target on shares of Parker-Hannifin from $990.00 to $1,020.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Jefferies Financial Group upped their price target on shares of Parker-Hannifin from $1,050.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Finally, Morgan Stanley raised their price objective on shares of Parker-Hannifin from $945.00 to $1,038.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 24th. Seventeen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,020.80.

Read Our Latest Stock Analysis on PH

Parker-Hannifin Price Performance

NYSE PH opened at $844.13 on Friday. The company has a 50 day simple moving average of $912.81 and a 200-day simple moving average of $915.57. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.66. The firm has a market capitalization of $106.43 billion, a price-to-earnings ratio of 31.14, a price-to-earnings-growth ratio of 2.48 and a beta of 1.18. Parker-Hannifin Corporation has a 52-week low of $646.51 and a 52-week high of $1,034.96.

Parker-Hannifin (NYSE:PH – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The industrial products company reported $8.17 EPS for the quarter, beating analysts’ consensus estimates 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 firm’s revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm posted $6.94 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. Equities research analysts predict that Parker-Hannifin Corporation will post 31.26 earnings per share for the current fiscal year.

Parker-Hannifin Increases Dividend

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

Parker-Hannifin Profile

(Free Report)

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.

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