A series of recent actions concerning Parker-Hannifin Corporation [$PH] has seen a mixed display of investments with several firms acquiring, adding, and selling their shares. For instance, Alliancebernstein L.P., Panagora Asset Management Inc., and Northwestern Mutual Wealth Management Co. have increased their holdings while others such as Amundi, DnB Asset Management AS and BNP Paribas Financial Markets have decreased their stakes. Simultaneously, new buyers including Banque Transatlantique SA and Canada Pension Plan Investment Board have shown interest by investing in $PH stocks. Moreover, Parker Hannifin has shown promising prospects despite challenges, with Wall Street Zen upgrading their rating to 'Buy'.
The company's leadership recently underwent a change with the addition of Beth A. Wozniak to their Board of Directors, her aerospace and industrial expertise bringing in significant value. Corporate actions revealed an extension of the company's share repurchase program to 20M shares and a quarterly dividend declaration of $1.80. Lastly, Q4 results surpassed Wall Street's projections with record revenue from the aerospace sector. These factors alongside solid execution led to an upgraded forecast and a stock position increase by Price T Rowe Associates Inc. MD.
Parker-Hannifin Corporation PH News Analytics from Thu, 30 Jan 2025 08:00:00 GMT to Sat, 06 Sep 2025 13:34:51 GMT - Rating 8 - Innovation 5 - Information 7 - Rumor -3
