Robeco Institutional Asset Management B.V. decreased its holdings in Parker-Hannifin Corporation (NYSE:PH – Free Report) by 55.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,922 shares of the industrial products company’s stock after selling 12,445 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Parker-Hannifin were worth $9,480,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of PH. Polaris Financial Partners bought a new position in shares of Parker-Hannifin in the third quarter valued at about $26,000. Archer Investment Corp bought a new position in shares of Parker-Hannifin in the second quarter worth about $28,000. Pension & Wealth Management Advisors Inc. bought a new position in shares of Parker-Hannifin in the third quarter worth about $30,000. NFSG Corp lifted its position in shares of Parker-Hannifin by 94.4% during the first quarter. NFSG Corp now owns 35 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 17 shares in the last quarter. Finally, Bell Investment Advisors Inc acquired a new position in shares of Parker-Hannifin during the second quarter worth approximately $35,000. Institutional investors own 82.44% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have recently commented on PH shares. Deutsche Bank Aktiengesellschaft increased their price target on shares of Parker-Hannifin from $998.00 to $1,023.00 and gave the company a “hold” rating in a research note on Wednesday, September 30th. Weiss Ratings restated a “buy (b)” rating on shares of Parker-Hannifin in a research report on Thursday, October 15th. The Goldman Sachs Group upped their price objective on Parker-Hannifin from $1,071.00 to $1,165.00 and gave the stock a “buy” rating in a report on Friday, August 7th. TD Cowen increased their price objective on Parker-Hannifin from $850.00 to $950.00 and gave the company a “hold” rating in a research report on Wednesday, October 14th. Finally, Evercore increased their price objective on Parker-Hannifin from $1,064.00 to $1,217.00 and gave the company an “outperform” rating in a research report on Tuesday, August 11th. Eighteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Parker-Hannifin presently has a consensus rating of “Moderate Buy” and an average price target of $1,146.35.
Read Our Latest Report on Parker-Hannifin
Parker-Hannifin Stock Performance
Shares of NYSE:PH opened at $880.03 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.74 and a debt-to-equity ratio of 0.44. Parker-Hannifin Corporation has a 1-year low of $755.10 and a 1-year high of $1,099.94. The stock has a market capitalization of $110.98 billion, a P/E ratio of 30.89, a P/E/G ratio of 2.45 and a beta of 1.12. The business has a 50-day moving average price of $966.89 and a two-hundred day moving average price of $951.03.
Parker-Hannifin (NYSE:PH – Get Free Report) last issued its earnings results on Thursday, August 6th. The industrial products company reported $9.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.31 by $0.96. Parker-Hannifin had a net margin of 16.97% and a return on equity of 28.48%. The company had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.57 billion. During the same quarter last year, the firm earned $7.69 EPS. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. Equities analysts predict that Parker-Hannifin Corporation will post 35.72 earnings per share for the current year.
Parker-Hannifin Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Monday, August 31st were paid a $2.00 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $8.00 dividend on an annualized basis and a yield of 0.9%. Parker-Hannifin’s dividend payout ratio (DPR) is presently 28.08%.
Insider Buying and Selling
In other Parker-Hannifin news, VP Berend Bracht sold 602 shares of Parker-Hannifin stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $1,040.47, for a total transaction of $626,362.94. Following the completion of the sale, the vice president owned 4,399 shares of the company’s stock, valued at approximately $4,577,027.53. The trade was a 12.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.35% of the company’s stock.
Parker-Hannifin Profile
Parker-Hannifin Corporation is a diversified manufacturer of motion and control technologies and systems. The company serves aerospace, industrial, and other specialized markets with products designed to control the movement and flow of liquids and gases, as well as mechanical motion and power.
Its product portfolio includes hydraulic and pneumatic systems, filtration and process-control equipment, electromechanical technologies, sealing and shielding products, connectors, pumps, valves, and related components.
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