Geode Capital Management LLC Decreases Stake in Parker-Hannifin Corporation $PH

Geode Capital Management LLC lessened its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 0.4% in the second quarter, HoldingsChannel.com reports. The firm owned 2,774,702 shares of the industrial products company’s stock after selling 11,835 shares during the quarter. Geode Capital Management LLC’s holdings in Parker-Hannifin were worth $1,932,138,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Nuveen LLC purchased a new stake in Parker-Hannifin during the 1st quarter valued at $933,089,000. Price T Rowe Associates Inc. MD raised its stake in shares of 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 raised its stake in shares of Parker-Hannifin by 11.6% during 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 last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Parker-Hannifin by 23.8% during 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 period. Finally, Vanguard Group Inc. grew its stake in shares of Parker-Hannifin by 1.6% in the first quarter. Vanguard Group Inc. now owns 11,023,764 shares of the industrial products company’s stock worth $6,700,795,000 after purchasing an additional 168,990 shares during the last quarter. 82.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on PH shares. KeyCorp increased their price objective on Parker-Hannifin from $825.00 to $935.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Raymond James Financial lifted their price target on shares of Parker-Hannifin from $735.00 to $845.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Truist Financial reissued a “buy” rating and set a $977.00 price objective (up from $910.00) on shares of Parker-Hannifin in a research report on Friday, November 7th. Argus reaffirmed a “buy” rating and issued a $900.00 target price on shares of Parker-Hannifin in a research report on Monday. Finally, Citigroup lifted their price objective on Parker-Hannifin from $831.00 to $874.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Fourteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $860.71.

Insider Transactions at Parker-Hannifin

In related news, EVP Joseph R. Leonti sold 4,625 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president owned 13,878 shares in the company, valued at $10,420,157.52. The trade was a 25.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.32% of the stock is currently owned by insiders.

Parker-Hannifin Price Performance

Shares of NYSE PH opened at $853.61 on Thursday. The company has a 50 day simple moving average of $764.38 and a two-hundred day simple moving average of $718.91. Parker-Hannifin Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $869.36. The company has a market capitalization of $108.02 billion, a price-to-earnings ratio of 31.48, a P/E/G ratio of 3.21 and a beta of 1.37. 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 posted its quarterly earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share for the quarter, topping the consensus estimate of $6.62 by $0.60. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The company had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $4.94 billion. During the same quarter in the prior year, the business posted $6.20 EPS. The firm’s quarterly 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 expect that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

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

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.