SouthState Bank Corp Boosts Stock Holdings in Parker-Hannifin Corporation $PH

SouthState Bank Corp grew its position in Parker-Hannifin Corporation (NYSE:PH) by 1.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,149 shares of the industrial products company’s stock after acquiring an additional 569 shares during the quarter. Parker-Hannifin comprises 1.2% of SouthState Bank Corp’s holdings, making the stock its 16th largest position. SouthState Bank Corp’s holdings in Parker-Hannifin were worth $26,648,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Horizon Investment Services LLC raised its stake in Parker-Hannifin by 14.8% in the 3rd quarter. Horizon Investment Services LLC now owns 356 shares of the industrial products company’s stock valued at $270,000 after purchasing an additional 46 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Parker-Hannifin by 15.7% during the third quarter. Bessemer Group Inc. now owns 5,756 shares of the industrial products company’s stock worth $4,363,000 after buying an additional 779 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Parker-Hannifin by 0.6% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 11,951 shares of the industrial products company’s stock worth $9,061,000 after buying an additional 72 shares in the last quarter. SBI Securities Co. Ltd. raised its position in shares of Parker-Hannifin by 30.6% in the third quarter. SBI Securities Co. Ltd. now owns 145 shares of the industrial products company’s stock valued at $110,000 after buying an additional 34 shares during the last quarter. Finally, Optimize Financial Inc lifted its stake in shares of Parker-Hannifin by 20.5% in the third quarter. Optimize Financial Inc now owns 417 shares of the industrial products company’s stock worth $316,000 after buying an additional 71 shares in the last quarter. 82.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Parker-Hannifin news, VP Berend Bracht sold 3,507 shares of the company’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 sale, the vice president 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Matthew A. Jacobson sold 564 shares of Parker-Hannifin stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $949.94, for a total value of $535,766.16. Following the completion of the transaction, the vice president owned 1,000 shares of the company’s stock, valued at $949,940. The trade was a 36.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 10,769 shares of company stock worth $9,649,169 over the last three months. Company insiders own 0.32% of the company’s stock.

Key Parker-Hannifin News

Here are the key news stories impacting Parker-Hannifin this week:

• Positive Sentiment: Wall Street Zen upgraded PH, which can attract buyers and support sentiment for the stock. Parker‑Hannifin (NYSE:PH) Stock Rating Upgraded by Wall Street Zen
• Neutral Sentiment: Zacks published a momentum‑style writeup arguing PH is a strong momentum stock, which may draw momentum traders but does not change fundamentals. Parker‑Hannifin (PH) is a Great Momentum Stock: Should You Buy?
• Negative Sentiment: VP Matthew A. Jacobson sold 564 shares at about $949.94 (reducing his stake to 1,000 shares). Insider selling can be perceived as profit‑taking or diversification and may worry some investors. SEC Filing – Form 4
• Negative Sentiment: VP Dinu J. Parel sold 1,316 shares at ~ $950.05 (reducing his position by ~16.8%). The size and timing of multiple exec sales may amplify investor concern about insider conviction. SEC Filing – Form 4
• Negative Sentiment: VP Berend Bracht sold 1,457 shares at about $946.48, a ~36% reduction in his holding. Multiple senior leaders selling in close succession has prompted press coverage highlighting “quiet” cash‑outs. SEC Filing – Form 4
• Negative Sentiment: TipRanks ran a roundup noting senior Parker‑Hannifin leaders “quietly” cashed out millions, which could amplify negative investor perception even if the sales are routine or pre‑planned. Senior Parker Hannifin Leaders Quietly Cash Out Millions

Wall Street Analyst Weigh In

Several analysts recently issued reports on PH shares. Wall Street Zen raised shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a research note on Wednesday. Industrial Alliance Securities set a $1,032.00 price target on Parker-Hannifin in a research report on Thursday, January 29th. BNP Paribas Exane started coverage on Parker-Hannifin in a report on Thursday, December 4th. They issued an “outperform” rating and a $1,020.00 price target for the company. Argus reissued a “buy” rating and set a $900.00 price objective on shares of Parker-Hannifin in a research note on Monday, November 10th. Finally, Wells Fargo & Company raised their target price on Parker-Hannifin from $1,000.00 to $1,050.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. Seventeen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Parker-Hannifin presently has an average rating of “Moderate Buy” and an average price target of $990.47.

Parker-Hannifin Stock Up 0.4%

NYSE:PH opened at $968.36 on Thursday. Parker-Hannifin Corporation has a 52 week low of $488.45 and a 52 week high of $979.44. The stock’s fifty day moving average is $903.97 and its two-hundred day moving average is $812.05. The stock has a market capitalization of $122.23 billion, a price-to-earnings ratio of 35.32, a price-to-earnings-growth ratio of 3.29 and a beta of 1.25. The company has a quick ratio of 0.66, a current ratio of 1.18 and a debt-to-equity ratio of 0.52.

Parker-Hannifin (NYSE:PH) last announced its earnings results on Thursday, January 29th. The industrial products company reported $7.65 earnings per share for the quarter, topping the consensus estimate of $7.11 by $0.54. Parker-Hannifin had a net margin of 17.29% and a return on equity of 27.56%. The firm had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $5.07 billion. During the same period in the prior year, the firm earned $6.53 EPS. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. Research analysts anticipate that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Friday, February 6th will be issued a $1.80 dividend. The ex-dividend date is Friday, February 6th. This represents a $7.20 dividend on an annualized basis and a yield of 0.7%. Parker-Hannifin’s dividend payout ratio (DPR) is 26.26%.

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.