Clarius Group LLC Lowers Holdings in Parker-Hannifin Corporation $PH

Clarius Group LLC lessened its stake in Parker-Hannifin Corporation (NYSE:PH) by 16.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 867 shares of the industrial products company’s stock after selling 174 shares during the quarter. Clarius Group LLC’s holdings in Parker-Hannifin were worth $606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of PH. Nuveen LLC purchased a new position in shares of Parker-Hannifin in the 1st quarter worth about $933,089,000. Price T Rowe Associates Inc. MD increased its holdings in Parker-Hannifin by 52.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,443,104 shares of the industrial products company’s stock worth $1,485,042,000 after buying an additional 842,262 shares in the last quarter. Wellington Management Group LLP increased its holdings in Parker-Hannifin by 11.6% in the 1st 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 in the last quarter. Goldman Sachs Group Inc. increased its holdings in Parker-Hannifin by 23.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 996,738 shares of the industrial products company’s stock worth $605,867,000 after buying an additional 191,799 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Parker-Hannifin by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 11,023,764 shares of the industrial products company’s stock worth $6,700,795,000 after buying an additional 168,990 shares in the last quarter. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Insider Activity at Parker-Hannifin

In other Parker-Hannifin news, VP Angela R. Ives sold 810 shares of the company’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $727.36, for a total value of $589,161.60. Following the completion of the transaction, the vice president directly owned 2,798 shares in the company, valued at $2,035,153.28. This represents a 22.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Robert W. Malone sold 2,257 shares of the company’s stock in a transaction that occurred on Friday, August 8th. The stock was 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,039 shares of company stock worth $10,356,566 in the last quarter. 0.32% of the stock is currently owned by insiders.

Parker-Hannifin Trading Up 0.7%

Parker-Hannifin stock opened at $763.72 on Monday. The business has a 50-day simple moving average of $747.47 and a two-hundred day simple moving average of $682.10. The company has a market cap of $96.64 billion, a P/E ratio of 28.16, a P/E/G ratio of 3.16 and a beta of 1.35. Parker-Hannifin Corporation has a 52-week low of $488.45 and a 52-week high of $779.77. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 0.55.

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

Parker-Hannifin Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were paid a dividend of $1.80 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.9%. Parker-Hannifin’s payout ratio is 26.55%.

Analyst Upgrades and Downgrades

Several research firms recently commented on PH. Citigroup reiterated a “buy” rating and issued a $831.00 price objective (up from $709.00) on shares of Parker-Hannifin in a report on Monday, July 14th. Wells Fargo & Company lifted their price objective on Parker-Hannifin from $770.00 to $800.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. Barclays lifted their price objective on Parker-Hannifin from $776.00 to $785.00 and gave the stock an “overweight” rating in a report on Wednesday. Cowen reiterated a “hold” rating on shares of Parker-Hannifin in a report on Friday, August 29th. Finally, Morgan Stanley lifted their price objective on Parker-Hannifin from $700.00 to $725.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 9th. Fourteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $771.44.

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.