Franklin Resources Inc. Acquires 89,054 Shares of Parker-Hannifin Corporation $PH

Franklin Resources Inc. raised its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 7.9% in the second quarter, Holdings Channel.com reports. The firm owned 1,215,542 shares of the industrial products company’s stock after buying an additional 89,054 shares during the period. Franklin Resources Inc.’s holdings in Parker-Hannifin were worth $849,020,000 as of its most recent SEC filing.

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

Parker-Hannifin Trading Down 0.1%

NYSE:PH opened at $819.72 on Friday. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $869.36. The stock’s fifty day moving average price is $772.11 and its two-hundred day moving average price is $727.24. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71. The company has a market cap of $103.44 billion, a P/E ratio of 30.23, a P/E/G ratio of 3.21 and a beta of 1.37.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share for the quarter, beating the consensus estimate of $6.62 by $0.60. The company had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $4.94 billion. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business 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. As a group, analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Announces Dividend

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 dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, November 7th. Parker-Hannifin’s dividend payout ratio is 25.65%.

Insider Buying and Selling

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 directly owned 13,878 shares of the company’s stock, valued at $10,420,157.52. This trade represents a 25.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Berend Bracht sold 3,507 shares of Parker-Hannifin stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $864.58, for a total value of $3,032,082.06. Following the sale, the vice president directly owned 2,580 shares of the company’s stock, valued at $2,230,616.40. This represents a 57.61% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 9,569 shares of company stock valued at $7,730,464. Company insiders own 0.32% of the company’s stock.

Wall Street Analyst Weigh In

PH has been the subject of a number of recent analyst reports. Truist Financial reaffirmed a “buy” rating and issued a $977.00 price objective (up from $910.00) on shares of Parker-Hannifin in a research report on Friday, November 7th. Susquehanna reaffirmed a “positive” rating and issued a $1,000.00 target price on shares of Parker-Hannifin in a report on Wednesday, November 12th. Stifel Nicolaus dropped their price target on Parker-Hannifin from $726.00 to $723.00 and set a “hold” rating on the stock in a report on Monday, October 20th. Deutsche Bank Aktiengesellschaft downgraded Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price objective for the company. in a research note on Thursday, September 4th. Finally, Evercore ISI reiterated an “outperform” rating on shares of Parker-Hannifin in a research note on Tuesday, August 19th. Fourteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $860.71.

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.