Parker-Hannifin Corporation $PH Shares Sold by National Pension Service

National Pension Service decreased its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 0.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 288,185 shares of the industrial products company’s stock after selling 1,324 shares during the period. National Pension Service owned approximately 0.23% of Parker-Hannifin worth $201,289,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Fidelis Capital Partners LLC grew its holdings in Parker-Hannifin by 1.3% during the second quarter. Fidelis Capital Partners LLC now owns 1,071 shares of the industrial products company’s stock worth $747,000 after acquiring an additional 14 shares during the period. Cascade Financial Partners LLC grew its stake in shares of Parker-Hannifin by 3.1% during the 1st quarter. Cascade Financial Partners LLC now owns 498 shares of the industrial products company’s stock worth $303,000 after purchasing an additional 15 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Parker-Hannifin by 0.8% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,814 shares of the industrial products company’s stock worth $1,103,000 after purchasing an additional 15 shares during the period. Bingham Private Wealth LLC increased its holdings in shares of Parker-Hannifin by 3.3% in the 2nd quarter. Bingham Private Wealth LLC now owns 472 shares of the industrial products company’s stock valued at $330,000 after purchasing an additional 15 shares in the last quarter. Finally, Meadow Creek Wealth Advisors LLC lifted its stake in shares of Parker-Hannifin by 3.6% in the second quarter. Meadow Creek Wealth Advisors LLC now owns 430 shares of the industrial products company’s stock valued at $300,000 after purchasing an additional 15 shares during the period. 82.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PH. Citigroup increased their price objective on shares of Parker-Hannifin from $831.00 to $874.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. KeyCorp lifted their price objective on Parker-Hannifin from $825.00 to $935.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Barclays increased their target price on Parker-Hannifin from $785.00 to $906.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Robert W. Baird boosted their price target on Parker-Hannifin from $930.00 to $960.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Wells Fargo & Company increased their price objective on Parker-Hannifin from $840.00 to $925.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Fourteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $860.71.

Parker-Hannifin Stock Performance

Parker-Hannifin stock opened at $853.61 on Thursday. The stock has a fifty day moving average price of $764.38 and a 200 day moving average price of $718.91. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55. Parker-Hannifin Corporation has a 52 week low of $488.45 and a 52 week high of $869.36. The firm 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.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data 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. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The company had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $4.94 billion. During the same quarter in the prior year, the company posted $6.20 EPS. The company’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. Equities research analysts anticipate that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Announces Dividend

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

Insider Activity at Parker-Hannifin

In related news, EVP Joseph R. Leonti sold 4,625 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $750.84, for a total value of $3,472,635.00. Following the transaction, the executive vice president directly 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.32% of the stock is currently owned by insiders.

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.