Parker-Hannifin Corporation $PH Shares Bought by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. raised its position in Parker-Hannifin Corporation (NYSE:PH) by 24.3% in the second quarter, Holdings Channel reports. The institutional investor owned 2,832 shares of the industrial products company’s stock after purchasing an additional 553 shares during the period. Mufg Securities Americas Inc.’s holdings in Parker-Hannifin were worth $1,978,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the company. Nuveen LLC purchased a new position in shares of Parker-Hannifin in the 1st quarter valued at about $933,089,000. Price T Rowe Associates Inc. MD grew its holdings in Parker-Hannifin by 52.6% in the first 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 purchasing an additional 842,262 shares during the period. Wellington Management Group LLP increased its position in shares of Parker-Hannifin by 11.6% in the first 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 buying an additional 208,573 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Parker-Hannifin by 23.8% in the first quarter. Goldman Sachs Group Inc. now owns 996,738 shares of the industrial products company’s stock valued at $605,867,000 after buying an additional 191,799 shares in the last quarter. Finally, Vanguard Group Inc. raised 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 buying an additional 168,990 shares during the period. 82.44% of the stock is owned by hedge funds and other institutional investors.

Parker-Hannifin Stock Performance

PH opened at $839.98 on Friday. Parker-Hannifin Corporation has a twelve month low of $488.45 and a twelve month high of $869.36. The firm has a market capitalization of $105.99 billion, a PE ratio of 30.97, a PEG ratio of 3.21 and a beta of 1.37. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55. The firm’s 50-day moving average price is $773.71 and its 200 day moving average price is $728.78.

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

Parker-Hannifin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 7th will be paid a dividend of $1.80 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $7.20 dividend on an annualized basis and a yield of 0.9%. Parker-Hannifin’s payout ratio is 25.65%.

Analysts Set New Price Targets

Several equities research analysts recently commented on PH shares. Mizuho boosted their price target on shares of Parker-Hannifin from $800.00 to $825.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Truist Financial reiterated a “buy” rating and issued a $977.00 target price (up previously from $910.00) on shares of Parker-Hannifin in a research report on Friday, November 7th. Cowen restated a “hold” rating on shares of Parker-Hannifin in a research report on Friday, August 29th. Robert W. Baird lifted their price objective on Parker-Hannifin from $930.00 to $960.00 and gave the stock an “outperform” rating in a report on Wednesday, November 12th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Parker-Hannifin in a research note on Wednesday, October 8th. Fourteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $860.71.

Insider Buying and Selling at Parker-Hannifin

In other Parker-Hannifin news, VP Berend Bracht sold 3,507 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $864.58, for a total value of $3,032,082.06. Following the completion of the sale, the vice president directly owned 2,580 shares in the company, valued at $2,230,616.40. This represents a 57.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joseph R. Leonti sold 4,625 shares of Parker-Hannifin stock in a transaction on Monday, August 25th. The stock was sold at an average price of $750.84, for a total value of $3,472,635.00. Following the transaction, the executive vice president owned 13,878 shares in the company, valued at approximately $10,420,157.52. This represents a 25.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 9,569 shares of company stock worth $7,730,464 in the last three months. 0.32% of the stock is owned by corporate insiders.

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.