ProShare Advisors LLC Acquires 2,053 Shares of Parker-Hannifin Corporation $PH

ProShare Advisors LLC raised its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 9.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,621 shares of the industrial products company’s stock after purchasing an additional 2,053 shares during the period. ProShare Advisors LLC’s holdings in Parker-Hannifin were worth $17,197,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Wealth Preservation Advisors LLC bought a new stake in Parker-Hannifin in the first quarter worth $27,000. Saudi Central Bank bought a new position in shares of Parker-Hannifin during the first quarter valued at $31,000. Interchange Capital Partners LLC purchased a new position in shares of Parker-Hannifin in the 2nd quarter worth about $31,000. Accent Capital Management LLC bought a new position in Parker-Hannifin in the 1st quarter worth about $41,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its stake in Parker-Hannifin by 421.4% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 73 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 59 shares in the last quarter. 82.44% of the stock is owned by institutional investors.

Parker-Hannifin Trading Up 2.1%

Shares of NYSE:PH opened at $858.11 on Wednesday. The stock’s 50-day simple moving average is $762.26 and its two-hundred day simple moving average is $717.96. The stock has a market capitalization of $108.59 billion, a price-to-earnings ratio of 31.64, a PEG ratio of 3.21 and a beta of 1.37. Parker-Hannifin Corporation has a 52-week low of $488.45 and a 52-week high of $866.72. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19.

Parker-Hannifin (NYSE:PH) last announced its earnings results on Thursday, November 6th. The industrial products company reported $7.22 EPS for the quarter, beating analysts’ consensus estimates of $6.62 by $0.60. The business had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $4.94 billion. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The firm’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the company earned $6.20 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 29.600-30.400 EPS. FY 2026 guidance at 29.600-30.400 EPS. Analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 7th will be issued a $1.80 dividend. This represents a $7.20 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, November 7th. Parker-Hannifin’s dividend payout ratio is currently 25.65%.

Insider Transactions at Parker-Hannifin

In other Parker-Hannifin news, EVP Joseph R. Leonti sold 4,625 shares of Parker-Hannifin stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $750.84, for a total transaction of $3,472,635.00. Following the transaction, the executive vice president owned 13,878 shares of the company’s stock, valued at $10,420,157.52. The trade was a 25.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.32% of the company’s stock.

Wall Street Analyst Weigh In

PH has been the topic of several analyst reports. Wells Fargo & Company upped their target price on shares of Parker-Hannifin from $840.00 to $925.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Evercore ISI reaffirmed an “outperform” rating on shares of Parker-Hannifin in a research report on Tuesday, August 19th. Deutsche Bank Aktiengesellschaft downgraded Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 target price on the stock. in a research note on Thursday, September 4th. Raymond James Financial boosted their price target on Parker-Hannifin from $735.00 to $845.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Finally, KeyCorp increased their price objective on Parker-Hannifin from $825.00 to $935.00 and gave the company an “overweight” rating in a research report on Friday. Thirteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $852.00.

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.