UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Buys 53,344 Shares of Parker-Hannifin Corporation $PH

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Parker-Hannifin Corporation (NYSE:PH) by 6.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 919,314 shares of the industrial products company’s stock after purchasing an additional 53,344 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC’s holdings in Parker-Hannifin were worth $558,805,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Zimmer Partners LP increased its position in shares of Parker-Hannifin by 5.9% during the first quarter. Zimmer Partners LP now owns 45,000 shares of the industrial products company’s stock worth $27,353,000 after buying an additional 2,500 shares during the period. American Trust increased its position in shares of Parker-Hannifin by 718.5% during the first quarter. American Trust now owns 4,346 shares of the industrial products company’s stock worth $2,642,000 after buying an additional 3,815 shares during the period. Empowered Funds LLC increased its position in shares of Parker-Hannifin by 0.5% during the first quarter. Empowered Funds LLC now owns 2,894 shares of the industrial products company’s stock worth $1,759,000 after buying an additional 15 shares during the period. MBB Public Markets I LLC acquired a new stake in shares of Parker-Hannifin during the first quarter worth $309,000. Finally, Ascent Group LLC increased its position in shares of Parker-Hannifin by 21.1% during the first quarter. Ascent Group LLC now owns 4,477 shares of the industrial products company’s stock worth $2,721,000 after buying an additional 780 shares during the period. Institutional investors own 82.44% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on PH. Cowen reiterated a “hold” rating on shares of Parker-Hannifin in a research report on Friday, August 29th. Stifel Nicolaus raised their price target on shares of Parker-Hannifin from $717.00 to $726.00 and gave the stock a “hold” rating in a report on Friday, August 8th. Wells Fargo & Company raised their price target on shares of Parker-Hannifin from $770.00 to $800.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. Mizuho set a $785.00 price target on shares of Parker-Hannifin in a report on Friday, May 16th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price target for the company. in a report on Thursday, September 4th. Thirteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $770.94.

Parker-Hannifin Stock Down 0.6%

PH opened at $755.37 on Wednesday. The firm has a market capitalization of $96.52 billion, a P/E ratio of 27.85, a PEG ratio of 3.15 and a beta of 1.35. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71. Parker-Hannifin Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $773.30. The company’s 50-day moving average is $733.31 and its 200 day moving average is $666.19.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 EPS for the quarter, topping the consensus estimate of $7.08 by $0.61. The business had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.10 billion. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.77 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Research analysts expect that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Tuesday, September 2nd will be paid a dividend of $1.80 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $7.20 annualized dividend and a yield of 1.0%. Parker-Hannifin’s payout ratio is currently 26.55%.

Insider Activity at Parker-Hannifin

In other Parker-Hannifin news, VP Robert W. Malone sold 2,257 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $730.66, for a total value of $1,649,099.62. Following the completion of the transaction, the vice president owned 5,866 shares of the company’s stock, valued at $4,286,051.56. The trade was a 27.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Thomas C. Gentile sold 1,133 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $729.50, for a total transaction of $826,523.50. Following the completion of the transaction, the vice president directly owned 5,465 shares of the company’s stock, valued at approximately $3,986,717.50. This represents a 17.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,039 shares of company stock valued at $10,356,566 in the last quarter. 0.39% of the stock is currently owned by company insiders.

Parker-Hannifin Company Profile

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.