DAVENPORT & Co LLC Sells 1,093 Shares of Parker-Hannifin Corporation $PH

Posted by Stanley Muller on Aug 13th, 2026

DAVENPORT & Co LLC decreased its position in shares of Parker-Hannifin Corporation (NYSE:PH – Free Report) by 16.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,543 shares of the industrial products company’s stock after selling 1,093 shares during the period. DAVENPORT & Co LLC’s holdings in Parker-Hannifin were worth $5,422,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Optas LLC lifted its stake in Parker-Hannifin by 3.1% during the first quarter. Optas LLC now owns 370 shares of the industrial products company’s stock worth $331,000 after purchasing an additional 11 shares during the last quarter. Moneta Group Investment Advisors LLC increased its stake in shares of Parker-Hannifin by 1.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 614 shares of the industrial products company’s stock valued at $540,000 after purchasing an additional 11 shares during the last quarter. Inspire Advisors LLC increased its stake in shares of Parker-Hannifin by 1.2% in the 4th quarter. Inspire Advisors LLC now owns 917 shares of the industrial products company’s stock valued at $807,000 after purchasing an additional 11 shares during the last quarter. RFG Advisory LLC raised its holdings in shares of Parker-Hannifin by 0.3% during the 1st quarter. RFG Advisory LLC now owns 3,740 shares of the industrial products company’s stock worth $3,348,000 after buying an additional 12 shares in the last quarter. Finally, Allen Capital Group LLC raised its holdings in shares of Parker-Hannifin by 4.8% during the 1st quarter. Allen Capital Group LLC now owns 264 shares of the industrial products company’s stock worth $236,000 after buying an additional 12 shares in the last quarter. 82.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. BMO Capital Markets reaffirmed an “outperform” rating and issued a $1,214.00 price objective on shares of Parker-Hannifin in a research note on Friday, August 7th. Mizuho set a $1,050.00 target price on shares of Parker-Hannifin in a report on Friday, May 1st. KeyCorp raised 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 research note on Friday, August 7th. Susquehanna lifted their price target on shares of Parker-Hannifin from $1,100.00 to $1,250.00 and gave the company a “positive” rating in a report on Friday, August 7th. Finally, Wall Street Zen upgraded shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Eighteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,091.38.

View Our Latest Research Report on Parker-Hannifin

Parker-Hannifin Trading Up 0.7%

Shares of PH stock opened at $1,069.26 on Thursday. The firm has a market capitalization of $134.82 billion, a P/E ratio of 37.53, a P/E/G ratio of 2.77 and a beta of 1.12. Parker-Hannifin Corporation has a twelve month low of $715.37 and a twelve month high of $1,099.94. The company has a quick ratio of 0.74, a current ratio of 1.26 and a debt-to-equity ratio of 0.44. The stock’s fifty day simple moving average is $964.20 and its 200 day simple moving average is $943.82.

Parker-Hannifin (NYSE:PH – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The industrial products company reported $9.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.31 by $0.96. The business had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.57 billion. Parker-Hannifin had a net margin of 16.97% and a return on equity of 28.48%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the business earned $7.69 EPS. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. As a group, sell-side analysts predict that Parker-Hannifin Corporation will post 34.88 EPS for the current fiscal year.

Parker-Hannifin Profile

(Free Report)

Parker-Hannifin Corporation (NYSE: PH) is a global manufacturer and provider of motion and control technologies and systems. The company designs, manufactures and services a broad range of engineered components and systems used to control the movement and flow of liquids, gases and hydraulic power. Its product portfolio is applied across demanding environments and includes solutions for industrial manufacturing, aerospace, mobile equipment and other engineered applications.

Parker-Hannifin’s product and service offerings span hydraulic and pneumatic components, fittings and fluid connectors, valves, pumps and motors, electromechanical actuators and motion-control systems, filtration and separation products, and seals and sealing systems.