Envestnet Asset Management Inc. Reduces Holdings in Parker-Hannifin Corporation $PH

Posted by Brenda Bartman on Sep 23rd, 2026

Envestnet Asset Management Inc. trimmed its holdings in Parker-Hannifin Corporation (NYSE:PH – Free Report) by 3.2% in the second quarter, HoldingsChannel.com reports. The firm owned 732,845 shares of the industrial products company’s stock after selling 24,095 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Parker-Hannifin were worth $716,810,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of Parker-Hannifin during the 2nd quarter worth approximately $10,163,362,000. Bank of America Corp DE purchased a new position in shares of Parker-Hannifin in the 2nd quarter valued at $3,273,507,000. Norges Bank acquired a new stake in Parker-Hannifin during the 4th quarter worth $1,756,230,000. Deutsche Bank AG acquired a new stake in Parker-Hannifin during the 2nd quarter worth $987,587,000. Finally, Bank of New York Mellon Corp purchased a new stake in Parker-Hannifin in the second quarter valued at $712,222,000. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on PH shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Parker-Hannifin in a report on Friday, July 17th. Sanford C. Bernstein upped their price target on shares of Parker-Hannifin from $1,037.00 to $1,218.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Truist Financial increased their target price on shares of Parker-Hannifin from $1,269.00 to $1,358.00 and gave the company a “buy” rating in a report on Friday, August 7th. KeyCorp upped their price target on shares of Parker-Hannifin from $1,100.00 to $1,210.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Finally, Stifel Nicolaus set a $1,075.00 price target on shares of Parker-Hannifin in a report on Friday, August 7th. Seventeen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Parker-Hannifin has a consensus rating of “Moderate Buy” and an average target price of $1,114.55.

View Our Latest Stock Report on Parker-Hannifin

Insider Buying and Selling at Parker-Hannifin

In related news, VP Berend Bracht sold 602 shares of Parker-Hannifin stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $1,040.47, for a total value of $626,362.94. Following the transaction, the vice president owned 4,399 shares in the company, valued at approximately $4,577,027.53. This trade represents a 12.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.32% of the company’s stock.

Parker-Hannifin Trading Up 0.8%

Parker-Hannifin stock traded up $7.36 during trading on Wednesday, reaching $972.21. The company had a trading volume of 581,576 shares, compared to its average volume of 702,538. Parker-Hannifin Corporation has a 12-month low of $715.37 and a 12-month high of $1,099.94. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.74 and a current ratio of 1.26. The stock’s 50 day moving average price is $987.04 and its two-hundred day moving average price is $943.69. The firm has a market capitalization of $122.61 billion, a price-to-earnings ratio of 34.12, a PEG ratio of 2.98 and a beta of 1.13.

Parker-Hannifin (NYSE:PH – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The industrial products company reported $9.27 earnings per share for the quarter, topping analysts’ consensus estimates of $8.31 by $0.96. The company had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.57 billion. Parker-Hannifin had a net margin of 16.97% and a return on equity of 28.48%. Parker-Hannifin’s revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the firm posted $7.69 earnings per share. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. As a group, equities analysts expect that Parker-Hannifin Corporation will post 34.95 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Monday, August 31st were given a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, August 31st. Parker-Hannifin’s dividend payout ratio (DPR) is 28.08%.

About Parker-Hannifin

(Free Report)

Parker-Hannifin Corporation (NYSE:PH) is a diversified manufacturer of motion and control technologies. The company develops and produces systems and components that manage the movement and flow of liquids, gases and other materials for industrial, mobile and aerospace applications.

Its products include hydraulic and pneumatic systems, fluid connectors, filtration and process-control equipment, electromechanical technologies, seals, thermal-management solutions and aerospace systems. Parker-Hannifin serves manufacturers and operators in markets such as factory automation, transportation, energy, construction, life sciences and aviation.

Founded in 1917, Parker-Hannifin is headquartered in Cleveland, Ohio, and serves customers through manufacturing, distribution and sales operations across North America, Europe, Asia and other international markets.