Paradigm Asset Management Co. LLC Has $2.24 Million Stake in Parker-Hannifin Corporation $PH

Paradigm Asset Management Co. LLC cut its stake in Parker-Hannifin Corporation (NYSE:PH) by 34.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,200 shares of the industrial products company’s stock after selling 1,700 shares during the period. Paradigm Asset Management Co. LLC’s holdings in Parker-Hannifin were worth $2,235,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Nuveen LLC bought a new stake in shares of Parker-Hannifin in the first quarter valued at about $933,089,000. Price T Rowe Associates Inc. MD raised its position in Parker-Hannifin by 52.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,443,104 shares of the industrial products company’s stock valued at $1,485,042,000 after buying an additional 842,262 shares during the last quarter. Wellington Management Group LLP lifted its stake 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. Goldman Sachs Group Inc. boosted its position in Parker-Hannifin by 23.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 996,738 shares of the industrial products company’s stock worth $605,867,000 after acquiring an additional 191,799 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Parker-Hannifin by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 11,023,764 shares of the industrial products company’s stock worth $6,700,795,000 after acquiring an additional 168,990 shares in the last quarter. Institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Stock Performance

Shares of PH opened at $843.89 on Friday. The company has a market cap of $106.79 billion, a PE ratio of 31.12, a price-to-earnings-growth ratio of 3.21 and a beta of 1.37. The firm has a 50-day moving average of $758.48 and a 200-day moving average of $712.46. Parker-Hannifin Corporation has a one year low of $488.45 and a one year high of $851.86. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71.

Parker-Hannifin (NYSE:PH) last issued its earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.62 by $0.60. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The business had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $4.94 billion. During the same period last year, the business posted $6.20 EPS. Parker-Hannifin’s revenue was up 3.7% on a year-over-year basis. 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 analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 7th will be paid a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, November 7th. Parker-Hannifin’s payout ratio is currently 26.55%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PH. Wells Fargo & Company boosted their price objective on shares of Parker-Hannifin from $840.00 to $925.00 and gave the stock an “overweight” rating in a research report on Friday. Weiss Ratings reiterated a “buy (b)” rating on shares of Parker-Hannifin in a research note on Wednesday, October 8th. Raymond James Financial increased their price objective on shares of Parker-Hannifin from $735.00 to $845.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Truist Financial restated a “buy” rating and issued a $977.00 price objective (up previously from $910.00) on shares of Parker-Hannifin in a report on Friday. Finally, Citigroup upped their target price on Parker-Hannifin from $831.00 to $874.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Twelve investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $822.76.

Insider Activity at Parker-Hannifin

In other Parker-Hannifin news, EVP Joseph R. Leonti sold 4,625 shares of the firm’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $750.84, for a total transaction of $3,472,635.00. Following the completion of the sale, the executive vice president owned 13,878 shares of the company’s stock, valued at $10,420,157.52. This trade represents a 25.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.