Parker-Hannifin Corporation $PH Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC cut its holdings in Parker-Hannifin Corporation (NYSE:PH) by 4.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 195,617 shares of the industrial products company’s stock after selling 9,533 shares during the period. Parker-Hannifin comprises about 1.2% of Great Lakes Advisors LLC’s holdings, making the stock its 16th largest position. Great Lakes Advisors LLC owned about 0.15% of Parker-Hannifin worth $148,310,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in shares of Parker-Hannifin by 5.9% in the fourth quarter. Brighton Jones LLC now owns 1,808 shares of the industrial products company’s stock valued at $1,150,000 after purchasing an additional 101 shares during the last quarter. Bison Wealth LLC raised its position in shares of Parker-Hannifin by 4.5% during the 4th quarter. Bison Wealth LLC now owns 749 shares of the industrial products company’s stock worth $476,000 after purchasing an additional 32 shares during the last quarter. Empowered Funds LLC lifted its stake in Parker-Hannifin by 0.5% in the 1st quarter. Empowered Funds LLC now owns 2,894 shares of the industrial products company’s stock valued at $1,759,000 after buying an additional 15 shares in the last quarter. Acadian Asset Management LLC grew its holdings in Parker-Hannifin by 26.2% during the 1st quarter. Acadian Asset Management LLC now owns 799 shares of the industrial products company’s stock valued at $484,000 after buying an additional 166 shares during the last quarter. Finally, Sivia Capital Partners LLC grew its holdings in Parker-Hannifin by 3.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 430 shares of the industrial products company’s stock valued at $300,000 after buying an additional 15 shares during the last quarter. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Parker-Hannifin Stock Down 1.1%

PH opened at $915.58 on Thursday. Parker-Hannifin Corporation has a 12 month low of $488.45 and a 12 month high of $954.30. The business has a 50-day moving average of $892.87 and a two-hundred day moving average of $803.70. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.07 and a quick ratio of 0.61. The stock has a market capitalization of $115.54 billion, a price-to-earnings ratio of 32.62, a price-to-earnings-growth ratio of 3.22 and a beta of 1.25.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings data on Thursday, November 6th. The industrial products company reported $7.22 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $4.94 billion. During the same period in the prior year, the firm posted $6.20 EPS. The company’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 and its FY 2026 guidance at 29.600-30.400 EPS. On average, research analysts expect that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

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

Insider Transactions at Parker-Hannifin

In other Parker-Hannifin news, VP Berend Bracht sold 3,507 shares of the business’s 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Rachid Bendali sold 1,437 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $852.99, for a total value of $1,225,746.63. Following the sale, the vice president 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. Insiders sold a total of 7,432 shares of company stock worth $6,484,116 in the last ninety days. Insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

PH has been the subject of a number of analyst reports. Truist Financial boosted their price target on Parker-Hannifin from $977.00 to $1,097.00 and gave the stock a “buy” rating in a report on Thursday, December 18th. Barclays lifted their price objective on Parker-Hannifin from $950.00 to $990.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. Wall Street Zen lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Tuesday. Stifel Nicolaus raised their price target on shares of Parker-Hannifin from $869.00 to $941.00 and gave the stock a “hold” rating in a research note on Friday, January 23rd. Finally, Mizuho boosted their price objective on shares of Parker-Hannifin from $800.00 to $825.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Seventeen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $950.17.

About Parker-Hannifin

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.