Loomis Sayles & Co. L P Purchases 815 Shares of Parker-Hannifin Corporation $PH

Loomis Sayles & Co. L P increased its position in Parker-Hannifin Corporation (NYSE:PH) by 0.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 384,993 shares of the industrial products company’s stock after purchasing an additional 815 shares during the quarter. Loomis Sayles & Co. L P owned approximately 0.30% of Parker-Hannifin worth $268,906,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of PH. Virtus Investment Advisers LLC raised its stake in shares of Parker-Hannifin by 8.6% during the second quarter. Virtus Investment Advisers LLC now owns 2,316 shares of the industrial products company’s stock worth $1,618,000 after buying an additional 183 shares during the last quarter. Colonial Trust Advisors boosted its stake in Parker-Hannifin by 63.7% in the second quarter. Colonial Trust Advisors now owns 257 shares of the industrial products company’s stock valued at $180,000 after acquiring an additional 100 shares during the last quarter. Norges Bank acquired a new stake in Parker-Hannifin during the 2nd quarter worth $1,352,509,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Parker-Hannifin by 7.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 68,619 shares of the industrial products company’s stock valued at $47,929,000 after acquiring an additional 4,804 shares during the last quarter. Finally, Groupama Asset Managment lifted its stake in shares of Parker-Hannifin by 2.3% in the 2nd quarter. Groupama Asset Managment now owns 151,253 shares of the industrial products company’s stock valued at $105,959,000 after purchasing an additional 3,402 shares during the period. Institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Stock Performance

Shares of PH stock opened at $861.15 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19. Parker-Hannifin Corporation has a 52 week low of $488.45 and a 52 week high of $869.36. The company’s 50 day moving average price is $783.98 and its two-hundred day moving average price is $736.30. The company has a market capitalization of $108.67 billion, a P/E ratio of 31.75, a price-to-earnings-growth ratio of 3.21 and a beta of 1.37.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings data 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 net margin of 17.79% and a return on equity of 26.80%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. On average, analysts expect that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts recently commented on PH shares. Raymond James Financial lifted their price objective on Parker-Hannifin from $735.00 to $845.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Weiss Ratings restated a “buy (b)” rating on shares of Parker-Hannifin in a report on Wednesday, October 8th. Truist Financial restated a “buy” rating and set a $977.00 target price (up from $910.00) on shares of Parker-Hannifin in a research report on Friday, November 7th. Robert W. Baird increased their price target on shares of Parker-Hannifin from $930.00 to $960.00 and gave the company an “outperform” rating in a research report on Wednesday, November 12th. Finally, Wall Street Zen cut shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Friday. Fourteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Parker-Hannifin has an average rating of “Moderate Buy” and a consensus price target of $860.71.

Insider Activity

In other Parker-Hannifin news, VP Berend Bracht sold 3,507 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the vice president owned 2,580 shares of the company’s stock, valued at $2,230,616.40. This represents a 57.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Rachid Bendali sold 1,437 shares of the firm’s stock in a transaction that occurred 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 transaction, the vice president directly owned 2,714 shares of the company’s stock, valued at $2,315,014.86. This 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 owned by corporate insiders.

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.