Fullerton Fund Management Co Ltd. Raises Holdings in Parker-Hannifin Corporation $PH
by Kim Johansen · The Markets DailyFullerton Fund Management Co Ltd. lifted its holdings in shares of Parker-Hannifin Corporation (NYSE:PH – Free Report) by 77.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 173,234 shares of the industrial products company’s stock after acquiring an additional 75,544 shares during the quarter. Parker-Hannifin makes up 4.9% of Fullerton Fund Management Co Ltd.’s portfolio, making the stock its 7th biggest position. Fullerton Fund Management Co Ltd.’s holdings in Parker-Hannifin were worth $120,999,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in PH. Norges Bank bought a new position in Parker-Hannifin in the 2nd quarter worth $1,352,509,000. Price T Rowe Associates Inc. MD increased its position in shares of Parker-Hannifin by 52.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,443,104 shares of the industrial products company’s stock valued at $1,485,042,000 after buying an additional 842,262 shares during the period. Wellington Management Group LLP lifted its holdings in Parker-Hannifin by 11.6% in the first quarter. Wellington Management Group LLP now owns 2,009,250 shares of the industrial products company’s stock worth $1,221,323,000 after buying an additional 208,573 shares during the period. Canada Pension Plan Investment Board lifted its holdings in Parker-Hannifin by 115.7% in the second quarter. Canada Pension Plan Investment Board now owns 367,904 shares of the industrial products company’s stock worth $256,970,000 after buying an additional 197,317 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Parker-Hannifin by 23.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 996,738 shares of the industrial products company’s stock worth $605,867,000 after acquiring an additional 191,799 shares during the period. Institutional investors own 82.44% of the company’s stock.
Parker-Hannifin Trading Down 1.6%
NYSE PH opened at $884.58 on Friday. Parker-Hannifin Corporation has a 12 month low of $488.45 and a 12 month high of $908.35. The company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 0.54. The stock’s fifty day moving average price is $807.88 and its 200-day moving average price is $750.56. The stock has a market cap of $111.63 billion, a P/E ratio of 31.51, a P/E/G ratio of 3.13 and a beta of 1.25.
Parker-Hannifin (NYSE:PH – Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.62 by $0.60. Parker-Hannifin had a return on equity of 27.23% and a net margin of 18.17%.The firm had revenue of $5.08 billion during the quarter, compared to analyst estimates of $4.94 billion. During the same quarter in the previous year, the firm earned $6.20 EPS. Parker-Hannifin’s quarterly revenue was up 3.7% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 29.600-30.400 EPS and its FY 2026 guidance at 29.600-30.400 EPS. As a group, equities analysts forecast that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.
Parker-Hannifin Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 7th were issued a dividend of $1.80 per share. The ex-dividend date was Friday, November 7th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.8%. Parker-Hannifin’s dividend payout ratio is presently 25.65%.
Insider Buying and Selling
In related news, VP Rachid Bendali sold 1,437 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $852.99, for a total transaction of $1,225,746.63. Following the completion of the sale, the vice president owned 2,714 shares of the company’s stock, valued at $2,315,014.86. This trade represents a 34.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Berend Bracht sold 3,507 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $864.58, for a total transaction of $3,032,082.06. Following the completion of the transaction, the vice president owned 2,580 shares of the company’s stock, valued at approximately $2,230,616.40. The trade was a 57.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.32% of the company’s stock.
Wall Street Analyst Weigh In
PH has been the subject of a number of research analyst reports. BNP Paribas assumed coverage on Parker-Hannifin in a research note on Thursday, December 4th. They issued an “outperform” rating and a $1,020.00 target price for the company. KeyCorp increased their price objective on Parker-Hannifin from $825.00 to $935.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Argus reissued a “buy” rating and set a $900.00 price objective on shares of Parker-Hannifin in a research report on Monday, November 10th. Citigroup boosted their target price on shares of Parker-Hannifin from $960.00 to $1,006.00 and gave the company a “buy” rating in a report on Monday. Finally, Evercore ISI reiterated an “outperform” rating on shares of Parker-Hannifin in a research note on Tuesday, August 19th. Fourteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $889.50.
View Our Latest Stock Report on PH
About Parker-Hannifin
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.
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