1,936,388 Shares in Parker-Hannifin Corporation $PH Acquired by Norges Bank

Norges Bank acquired a new stake in Parker-Hannifin Corporation (NYSE:PH) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,936,388 shares of the industrial products company’s stock, valued at approximately $1,352,509,000. Norges Bank owned about 1.52% of Parker-Hannifin as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of PH. Vanguard Group Inc. raised its holdings in shares of Parker-Hannifin by 0.9% in the second quarter. Vanguard Group Inc. now owns 11,125,240 shares of the industrial products company’s stock valued at $7,770,646,000 after buying an additional 101,476 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Parker-Hannifin by 52.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,443,104 shares of the industrial products company’s stock worth $1,485,042,000 after acquiring an additional 842,262 shares during the last quarter. JPMorgan Chase & Co. increased its position in Parker-Hannifin by 0.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,075,234 shares of the industrial products company’s stock valued at $1,449,496,000 after acquiring an additional 14,534 shares in the last quarter. Wellington Management Group LLP increased its position in Parker-Hannifin by 11.6% in the 1st quarter. Wellington Management Group LLP now owns 2,009,250 shares of the industrial products company’s stock valued at $1,221,323,000 after acquiring an additional 208,573 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Parker-Hannifin by 0.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,594,347 shares of the industrial products company’s stock worth $969,124,000 after acquiring an additional 11,815 shares during the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Insiders Place Their Bets

In other Parker-Hannifin news, 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 in the company, valued at approximately $2,230,616.40. The trade was a 57.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Rachid Bendali sold 1,437 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $852.99, for a total transaction of $1,225,746.63. Following the sale, the vice president directly owned 2,714 shares in the company, valued at $2,315,014.86. This trade represents a 34.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.32% of the stock is currently owned by company insiders.

Parker-Hannifin Stock Performance

Shares of Parker-Hannifin stock opened at $861.15 on Friday. The firm has a fifty day moving average of $783.98 and a two-hundred day moving average of $736.30. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19. The stock has a market capitalization of $108.67 billion, a price-to-earnings ratio of 31.75, a PEG ratio of 3.21 and a beta of 1.37. Parker-Hannifin Corporation has a 52 week low of $488.45 and a 52 week high of $869.36.

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

Parker-Hannifin Announces Dividend

The firm 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. The ex-dividend date is Friday, November 7th. This represents a $7.20 annualized dividend and a yield of 0.8%. Parker-Hannifin’s dividend payout ratio is presently 25.65%.

Analysts Set New Price Targets

Several analysts have recently commented on PH shares. KeyCorp increased their price target on shares of Parker-Hannifin from $825.00 to $935.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Evercore ISI reaffirmed an “outperform” rating on shares of Parker-Hannifin in a report on Tuesday, August 19th. Truist Financial reiterated 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. Mizuho boosted their target price on Parker-Hannifin from $800.00 to $825.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Finally, Robert W. Baird upped their price target on Parker-Hannifin from $930.00 to $960.00 and gave the company an “outperform” rating in a research note on Wednesday, November 12th. Fourteen research 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $860.71.

About Parker-Hannifin

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.