Swedbank AB Purchases 11,525 Shares of Parker-Hannifin Corporation $PH

Swedbank AB grew its holdings in Parker-Hannifin Corporation (NYSE:PH) by 4.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 262,075 shares of the industrial products company’s stock after acquiring an additional 11,525 shares during the quarter. Swedbank AB’s holdings in Parker-Hannifin were worth $198,692,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in PH. Optas LLC grew its holdings in Parker-Hannifin by 6.7% in the 3rd quarter. Optas LLC now owns 334 shares of the industrial products company’s stock valued at $253,000 after buying an additional 21 shares during the last quarter. DAVENPORT & Co LLC grew its stake in shares of Parker-Hannifin by 2.3% in the third quarter. DAVENPORT & Co LLC now owns 7,012 shares of the industrial products company’s stock worth $5,316,000 after acquiring an additional 159 shares during the last quarter. OLD National Bancorp IN increased its position in Parker-Hannifin by 13.4% during the third quarter. OLD National Bancorp IN now owns 701 shares of the industrial products company’s stock worth $531,000 after acquiring an additional 83 shares during the period. Farther Finance Advisors LLC raised its stake in Parker-Hannifin by 96.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,127 shares of the industrial products company’s stock valued at $2,371,000 after purchasing an additional 1,532 shares during the last quarter. Finally, HBK Sorce Advisory LLC raised its stake in Parker-Hannifin by 3.7% during the 3rd quarter. HBK Sorce Advisory LLC now owns 10,763 shares of the industrial products company’s stock valued at $8,108,000 after purchasing an additional 381 shares during the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Insider Activity at Parker-Hannifin

In other news, COO Andrew D. Ross sold 2,488 shares of the 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 sale, the chief operating officer owned 13,120 shares in the company, valued at approximately $11,739,907.20. This represents a 15.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction, the vice president owned 2,580 shares in the company, valued at approximately $2,230,616.40. This trade represents a 57.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 7,432 shares of company stock valued at $6,484,116 in the last three months. Corporate insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PH. KeyCorp boosted their price objective on shares of Parker-Hannifin from $825.00 to $935.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Cowen restated a “hold” rating on shares of Parker-Hannifin in a research note on Friday, August 29th. Wall Street Zen cut Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Saturday. Citigroup lifted their price objective on Parker-Hannifin from $960.00 to $1,006.00 and gave the stock a “buy” rating in a report on Monday, December 8th. Finally, Barclays upped their target price on Parker-Hannifin from $906.00 to $950.00 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Fifteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $911.65.

Parker-Hannifin Trading Up 0.0%

Shares of Parker-Hannifin stock opened at $886.84 on Wednesday. Parker-Hannifin Corporation has a 12-month low of $488.45 and a 12-month high of $908.35. The stock has a market capitalization of $111.91 billion, a P/E ratio of 31.59, a price-to-earnings-growth ratio of 3.08 and a beta of 1.25. The company has a 50-day simple moving average of $826.79 and a 200 day simple moving average of $762.14. The company has a quick ratio of 0.61, a current ratio of 1.07 and a debt-to-equity ratio of 0.54.

Parker-Hannifin (NYSE:PH) last issued 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. The firm had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $4.94 billion. Parker-Hannifin had a net margin of 18.17% and a return on equity of 27.23%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.20 earnings per share. 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 expect that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

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

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.