Parker-Hannifin Corporation $PH Shares Purchased by iA Global Asset Management Inc.

iA Global Asset Management Inc. increased its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 9.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,330 shares of the industrial products company’s stock after acquiring an additional 1,460 shares during the period. iA Global Asset Management Inc.’s holdings in Parker-Hannifin were worth $13,139,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in PH. Interchange Capital Partners LLC acquired a new stake in Parker-Hannifin during the second quarter valued at approximately $31,000. State of Wyoming purchased a new stake in shares of Parker-Hannifin during the 2nd quarter worth about $38,000. Princeton Global Asset Management LLC grew its stake in shares of Parker-Hannifin by 56.1% in the 2nd quarter. Princeton Global Asset Management LLC now owns 64 shares of the industrial products company’s stock valued at $45,000 after buying an additional 23 shares in the last quarter. Sagard Holdings Management Inc. bought a new position in Parker-Hannifin during the second quarter valued at approximately $46,000. Finally, Financial Consulate Inc. acquired a new stake in Parker-Hannifin in the third quarter valued at approximately $47,000. Institutional investors own 82.44% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on PH shares. Weiss Ratings restated a “buy (b)” rating on shares of Parker-Hannifin in a report on Wednesday, October 8th. Citigroup reissued a “buy” rating on shares of Parker-Hannifin in a report on Monday, January 12th. Wall Street Zen raised shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a report on Monday. BNP Paribas Exane began coverage on Parker-Hannifin in a research note on Thursday, December 4th. They issued an “outperform” rating and a $1,020.00 price target on the stock. Finally, Truist Financial lifted their target price on shares of Parker-Hannifin from $977.00 to $1,097.00 and gave the company a “buy” rating in a research note on Thursday, December 18th. Seventeen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $946.17.

Parker-Hannifin Stock Down 0.7%

Parker-Hannifin stock opened at $939.00 on Friday. The company has a market cap of $118.49 billion, a P/E ratio of 33.45, a price-to-earnings-growth ratio of 3.29 and a beta of 1.25. Parker-Hannifin Corporation has a 1-year low of $488.45 and a 1-year high of $954.30. The company has a fifty day simple moving average of $884.62 and a 200 day simple moving average of $797.07. The company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 0.54.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings data on Thursday, November 6th. The industrial products company reported $7.22 EPS 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 company had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $4.94 billion. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $6.20 EPS. 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. Research analysts anticipate that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Friday, February 6th will be given a dividend of $1.80 per share. The ex-dividend date is Friday, February 6th. This represents a $7.20 annualized dividend and a dividend yield of 0.8%. Parker-Hannifin’s dividend payout ratio (DPR) is currently 25.65%.

Insider Buying and Selling at Parker-Hannifin

In other news, VP Berend Bracht sold 3,507 shares of the business’s stock in a transaction 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 approximately $2,230,616.40. The trade was a 57.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Andrew D. Ross sold 2,488 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $894.81, for a total transaction of $2,226,287.28. Following the transaction, the chief operating officer owned 13,120 shares of the company’s stock, valued at $11,739,907.20. This trade represents a 15.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 7,432 shares of company stock valued at $6,484,116. 0.32% of the stock is currently owned by corporate insiders.

Parker-Hannifin Profile

Parker-Hannifin Corporation (NYSE: PH) is a global manufacturer and provider of motion and control technologies and systems. The company designs, manufactures and services a broad range of engineered components and systems used to control the movement and flow of liquids, gases and hydraulic power. Its product portfolio is applied across demanding environments and includes solutions for industrial manufacturing, aerospace, mobile equipment and other engineered applications.

Parker-Hannifin’s product and service offerings span hydraulic and pneumatic components, fittings and fluid connectors, valves, pumps and motors, electromechanical actuators and motion-control systems, filtration and separation products, and seals and sealing systems.