Guggenheim Capital LLC Has $13.86 Million Position in Parker-Hannifin Corporation $PH

Guggenheim Capital LLC lessened its holdings in Parker-Hannifin Corporation (NYSE:PH) by 11.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,847 shares of the industrial products company’s stock after selling 2,627 shares during the period. Guggenheim Capital LLC’s holdings in Parker-Hannifin were worth $13,863,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Quadrant Capital Group LLC raised its holdings in shares of Parker-Hannifin by 20.1% during the second quarter. Quadrant Capital Group LLC now owns 3,610 shares of the industrial products company’s stock worth $2,521,000 after acquiring an additional 604 shares in the last quarter. Inspire Investing LLC increased its position in Parker-Hannifin by 5.1% in the 1st quarter. Inspire Investing LLC now owns 12,386 shares of the industrial products company’s stock worth $7,529,000 after purchasing an additional 596 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Parker-Hannifin by 20.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,194 shares of the industrial products company’s stock worth $1,334,000 after purchasing an additional 379 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Parker-Hannifin during the 2nd quarter valued at about $733,000. Finally, Vanguard Group Inc. grew its stake in shares of Parker-Hannifin by 0.9% in the 2nd 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 in the last quarter. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Raymond James Financial lifted their target price on shares of Parker-Hannifin from $735.00 to $845.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Cowen restated a “hold” rating on shares of Parker-Hannifin in a report on Friday, August 29th. Evercore ISI reiterated an “outperform” rating on shares of Parker-Hannifin in a report on Tuesday, August 19th. Deutsche Bank Aktiengesellschaft lowered Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 target price on the stock. in a report on Thursday, September 4th. Finally, KeyCorp increased their price objective on Parker-Hannifin from $825.00 to $935.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Fifteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $872.00.

Parker-Hannifin Trading Up 0.5%

Shares of PH stock opened at $873.11 on Friday. The firm has a fifty day moving average of $792.81 and a 200-day moving average of $741.51. The stock has a market cap of $110.18 billion, a price-to-earnings ratio of 31.10, a P/E/G ratio of 3.02 and a beta of 1.25. Parker-Hannifin Corporation has a 52-week low of $488.45 and a 52-week high of $879.66. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.61 and a current ratio of 1.07.

Parker-Hannifin (NYSE:PH) last posted its earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share for the quarter, beating analysts’ consensus estimates of $6.62 by $0.60. Parker-Hannifin had a net margin of 18.17% and a return on equity of 27.23%. The business had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $4.94 billion. During the same quarter in the previous year, the firm posted $6.20 earnings per share. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 29.600-30.400 EPS and its FY 2026 guidance at 29.600-30.400 EPS. On average, equities research analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 7th will be given a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, November 7th. Parker-Hannifin’s dividend payout ratio is 25.65%.

Insider Buying and Selling at Parker-Hannifin

In other Parker-Hannifin news, VP Rachid Bendali sold 1,437 shares of Parker-Hannifin stock in a transaction on 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 completion of the transaction, the vice president directly owned 2,714 shares of the company’s stock, valued at approximately $2,315,014.86. This trade represents a 34.62% 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 this link. Also, VP Berend Bracht sold 3,507 shares of the stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $864.58, for a total transaction of $3,032,082.06. Following the sale, the vice president owned 2,580 shares of the company’s stock, valued at $2,230,616.40. This trade represents a 57.61% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.32% of the company’s stock.

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.