PNC Financial Services Group Inc. Has $196.92 Million Position in Parker-Hannifin Corporation $PH

PNC Financial Services Group Inc. reduced its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 2.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 281,936 shares of the industrial products company’s stock after selling 5,786 shares during the period. PNC Financial Services Group Inc.’s holdings in Parker-Hannifin were worth $196,924,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position 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 last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Parker-Hannifin by 52.6% during 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 acquiring an additional 842,262 shares during the last quarter. Wellington Management Group LLP raised its position in Parker-Hannifin by 11.6% during the 1st quarter. Wellington Management Group LLP now owns 2,009,250 shares of the industrial products company’s stock worth $1,221,323,000 after purchasing an additional 208,573 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Parker-Hannifin by 0.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,594,347 shares of the industrial products company’s stock worth $969,124,000 after acquiring an additional 11,815 shares during the period. Finally, Nuveen LLC bought a new stake in shares of Parker-Hannifin in the 1st quarter valued at $933,089,000. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PH. Citigroup raised their target price on Parker-Hannifin from $831.00 to $874.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Susquehanna reaffirmed a “positive” rating on shares of Parker-Hannifin in a report on Wednesday. Argus reaffirmed a “buy” rating and issued a $900.00 target price on shares of Parker-Hannifin in a report on Monday. KeyCorp raised their target price on Parker-Hannifin from $825.00 to $935.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Evercore ISI reissued an “outperform” rating on shares of Parker-Hannifin in a research report on Tuesday, August 19th. Thirteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $852.00.

Parker-Hannifin Price Performance

PH opened at $858.11 on Wednesday. The stock has a market capitalization of $108.59 billion, a P/E ratio of 31.64, a PEG ratio of 3.21 and a beta of 1.37. The stock has a 50-day moving average price of $762.26 and a 200-day moving average price of $717.96. Parker-Hannifin Corporation has a 12-month low of $488.45 and a 12-month high of $866.72. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings data on Thursday, November 6th. The industrial products company reported $7.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.62 by $0.60. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The firm had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $4.94 billion. During the same quarter in the previous year, the company earned $6.20 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 29.600-30.400 EPS. FY 2026 guidance at 29.600-30.400 EPS. Equities analysts predict that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 7th will be given a dividend of $1.80 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $7.20 annualized dividend and a dividend yield of 0.8%. Parker-Hannifin’s dividend payout ratio (DPR) is 25.65%.

Insiders Place Their Bets

In other Parker-Hannifin news, EVP Joseph R. Leonti sold 4,625 shares of the business’s stock in a transaction on Monday, August 25th. The shares were 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 directly owned 13,878 shares in the company, valued at approximately $10,420,157.52. The trade was a 25.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company 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.