Candriam S.C.A. Sells 790 Shares of Parker-Hannifin Corporation $PH

Candriam S.C.A. trimmed its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 1.3% in the 2nd quarter, Holdings Channel reports. The firm owned 58,911 shares of the industrial products company’s stock after selling 790 shares during the period. Candriam S.C.A.’s holdings in Parker-Hannifin were worth $41,149,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Nuveen LLC bought a new position in shares of Parker-Hannifin during the 1st quarter valued at $933,089,000. Price T Rowe Associates Inc. MD increased its position in 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 acquiring an additional 842,262 shares during the last quarter. 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 valued at $1,221,323,000 after acquiring an additional 208,573 shares during the period. Goldman Sachs Group Inc. boosted its position in Parker-Hannifin by 23.8% in the first quarter. Goldman Sachs Group Inc. now owns 996,738 shares of the industrial products company’s stock worth $605,867,000 after purchasing an additional 191,799 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Parker-Hannifin by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 11,023,764 shares of the industrial products company’s stock valued at $6,700,795,000 after purchasing an additional 168,990 shares during the last quarter. Institutional investors own 82.44% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on PH. Cowen reissued a “hold” rating on shares of Parker-Hannifin in a report on Friday, August 29th. Mizuho boosted their target price on shares of Parker-Hannifin from $800.00 to $825.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Stifel Nicolaus lowered their price target on shares of Parker-Hannifin from $726.00 to $723.00 and set a “hold” rating for the company in a report on Monday, October 20th. Truist Financial reiterated a “buy” rating and issued a $977.00 price target (up previously from $910.00) on shares of Parker-Hannifin in a research report on Friday, November 7th. Finally, Evercore ISI restated an “outperform” rating on shares of Parker-Hannifin in a research report on Tuesday, August 19th. Fourteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Parker-Hannifin currently has a consensus rating of “Moderate Buy” and a consensus target price of $860.71.

Insiders Place Their Bets

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

Parker-Hannifin Trading Down 0.5%

PH opened at $853.61 on Thursday. The stock’s fifty day moving average is $764.38 and its two-hundred day moving average is $718.91. Parker-Hannifin Corporation has a 52 week low of $488.45 and a 52 week high of $869.36. The company has a market capitalization of $108.02 billion, a P/E ratio of 31.48, a PEG ratio of 3.21 and a beta of 1.37. 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 announced its quarterly earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.62 by $0.60. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The business had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $4.94 billion. During the same period last year, the business posted $6.20 EPS. The business’s 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. FY 2026 guidance at 29.600-30.400 EPS. Analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Announces Dividend

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

Parker-Hannifin 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.