Trustmark Bank Trust Department Increases Holdings in Parker-Hannifin Corporation $PH

Trustmark Bank Trust Department increased its position in Parker-Hannifin Corporation (NYSE:PH) by 1.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,795 shares of the industrial products company’s stock after purchasing an additional 126 shares during the quarter. Trustmark Bank Trust Department’s holdings in Parker-Hannifin were worth $8,937,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of PH. Stablepoint Partners LLC lifted its holdings in shares of Parker-Hannifin by 3.5% in the 2nd quarter. Stablepoint Partners LLC now owns 3,348 shares of the industrial products company’s stock worth $2,339,000 after buying an additional 113 shares during the period. West Family Investments Inc. bought a new stake in shares of Parker-Hannifin in the second quarter valued at about $434,000. Schroder Investment Management Group lifted its stake in Parker-Hannifin by 9.0% in the second quarter. Schroder Investment Management Group now owns 859,206 shares of the industrial products company’s stock worth $600,130,000 after acquiring an additional 71,296 shares during the period. Virtus Investment Advisers LLC grew its holdings in Parker-Hannifin by 8.6% during the 2nd quarter. Virtus Investment Advisers LLC now owns 2,316 shares of the industrial products company’s stock worth $1,618,000 after acquiring an additional 183 shares in the last quarter. Finally, Colonial Trust Advisors increased its position in Parker-Hannifin by 63.7% during the 2nd quarter. Colonial Trust Advisors now owns 257 shares of the industrial products company’s stock valued at $180,000 after purchasing an additional 100 shares during the period. 82.44% of the stock is owned by institutional investors.

Parker-Hannifin Trading Down 0.0%

Parker-Hannifin stock opened at $861.15 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19. The stock has a market cap of $108.67 billion, a PE ratio of 31.75, a price-to-earnings-growth ratio of 3.21 and a beta of 1.37. The stock has a 50-day moving average of $783.98 and a two-hundred day moving average of $736.71. Parker-Hannifin Corporation has a one year low of $488.45 and a one year high of $869.36.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data 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 firm had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $4.94 billion. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $6.20 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 29.600-30.400 EPS. FY 2026 guidance at 29.600-30.400 EPS. On average, research analysts anticipate that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

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

Insiders Place Their Bets

In other news, VP Berend Bracht sold 3,507 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $864.58, for a total transaction of $3,032,082.06. Following the sale, the vice president directly owned 2,580 shares of the company’s stock, valued at $2,230,616.40. The trade was a 57.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Rachid Bendali sold 1,437 shares of the firm’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 completion of the transaction, the vice president owned 2,714 shares of the company’s stock, valued at $2,315,014.86. This trade represents a 34.62% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.32% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on PH shares. Wells Fargo & Company increased their price objective on shares of Parker-Hannifin from $840.00 to $925.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Barclays increased their target price on Parker-Hannifin from $785.00 to $906.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Raymond James Financial boosted their price target on Parker-Hannifin from $735.00 to $845.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Cowen reaffirmed a “hold” rating on shares of Parker-Hannifin in a research report on Friday, August 29th. Finally, Deutsche Bank Aktiengesellschaft lowered Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 target price on the stock. in a research note on Thursday, September 4th. Fourteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $860.71.

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.