StoneX Group Inc. Takes Position in Parker-Hannifin Corporation $PH

StoneX Group Inc. bought a new position in shares of Parker-Hannifin Corporation (NYSE:PH) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 2,698 shares of the industrial products company’s stock, valued at approximately $1,885,000.

A number of other large investors also recently bought and sold shares of PH. Qtron Investments LLC boosted its position in Parker-Hannifin by 11.9% in the 2nd quarter. Qtron Investments LLC now owns 2,792 shares of the industrial products company’s stock worth $1,950,000 after purchasing an additional 297 shares in the last quarter. Cresset Asset Management LLC lifted its stake in shares of Parker-Hannifin by 0.6% in the 2nd quarter. Cresset Asset Management LLC now owns 11,923 shares of the industrial products company’s stock valued at $8,328,000 after purchasing an additional 73 shares during the period. Carroll Investors Inc purchased a new stake in Parker-Hannifin during the second quarter worth $209,000. Brown Advisory Inc. grew its position in Parker-Hannifin by 0.6% during the second quarter. Brown Advisory Inc. now owns 7,435 shares of the industrial products company’s stock valued at $5,193,000 after buying an additional 46 shares during the period. Finally, SCS Capital Management LLC increased its holdings in Parker-Hannifin by 665.0% in the second quarter. SCS Capital Management LLC now owns 7,084 shares of the industrial products company’s stock valued at $4,948,000 after buying an additional 6,158 shares in the last quarter. 82.44% of the stock is owned by institutional investors and hedge funds.

Parker-Hannifin Stock Up 0.7%

PH stock opened at $880.17 on Friday. The company has a market cap of $111.07 billion, a price-to-earnings ratio of 31.36, a PEG ratio of 3.06 and a beta of 1.25. The firm has a 50-day moving average of $795.38 and a two-hundred day moving average of $743.34. Parker-Hannifin Corporation has a 12 month low of $488.45 and a 12 month high of $882.00. 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 issued its earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.62 by $0.60. The company had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $4.94 billion. Parker-Hannifin had a return on equity of 27.23% and a net margin of 18.17%.The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the business earned $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. As a group, analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 7th were issued a dividend of $1.80 per share. The ex-dividend date was Friday, November 7th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.8%. Parker-Hannifin’s dividend payout ratio (DPR) is currently 25.65%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PH. Citigroup increased their target price on shares of Parker-Hannifin from $831.00 to $874.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Stifel Nicolaus lowered their price target on Parker-Hannifin from $726.00 to $723.00 and set a “hold” rating on the stock in a research report on Monday, October 20th. Mizuho boosted their price objective on Parker-Hannifin from $800.00 to $825.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Argus reiterated a “buy” rating and set a $900.00 target price on shares of Parker-Hannifin in a research report on Monday, November 10th. Finally, BNP Paribas started coverage on shares of Parker-Hannifin in a report on Thursday. They issued an “outperform” rating and a $1,020.00 price target for the company. Fourteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $875.65.

Insider Activity at Parker-Hannifin

In other news, VP Rachid Bendali sold 1,437 shares of the company’s stock in a transaction on 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 transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Berend Bracht sold 3,507 shares of the 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 transaction, the vice president owned 2,580 shares of the company’s stock, valued at approximately $2,230,616.40. This represents a 57.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.32% of the stock is currently owned by 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.