Vanguard Group Inc. Acquires 101,476 Shares of Parker-Hannifin Corporation $PH

Vanguard Group Inc. boosted its holdings in Parker-Hannifin Corporation (NYSE:PH) by 0.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,125,240 shares of the industrial products company’s stock after purchasing an additional 101,476 shares during the period. Vanguard Group Inc. owned about 8.71% of Parker-Hannifin worth $7,770,646,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Wealth Preservation Advisors LLC purchased a new position in shares of Parker-Hannifin in the 1st quarter worth about $27,000. Saudi Central Bank purchased a new stake in Parker-Hannifin during the first quarter worth about $31,000. Interchange Capital Partners LLC bought a new stake in Parker-Hannifin in the second quarter worth about $31,000. Accent Capital Management LLC purchased a new position in Parker-Hannifin in the first quarter valued at about $41,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its stake in Parker-Hannifin by 421.4% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 73 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 59 shares during the last quarter. 82.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Truist Financial restated a “buy” rating and set a $977.00 price target (up previously from $910.00) on shares of Parker-Hannifin in a research note on Friday, November 7th. Mizuho increased their price objective on Parker-Hannifin from $800.00 to $825.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Deutsche Bank Aktiengesellschaft downgraded Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 target price for the company. in a research report on Thursday, September 4th. Raymond James Financial upped their price target on Parker-Hannifin from $735.00 to $845.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Finally, Robert W. Baird increased their price target on Parker-Hannifin from $930.00 to $960.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 12th. Fourteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $860.71.

Parker-Hannifin Trading Down 0.5%

Shares of PH stock opened at $816.88 on Wednesday. The stock has a market capitalization of $103.08 billion, a price-to-earnings ratio of 30.12, a PEG ratio of 3.21 and a beta of 1.37. The company’s fifty day simple moving average is $770.01 and its two-hundred day simple moving average is $725.92. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $869.36. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings results on Thursday, November 6th. The industrial products company reported $7.22 EPS for the quarter, topping analysts’ consensus estimates of $6.62 by $0.60. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The firm had revenue of $5.08 billion during the quarter, compared to analyst estimates of $4.94 billion. During the same period last year, the company earned $6.20 earnings per share. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 29.600-30.400 EPS. FY 2026 guidance at 29.600-30.400 EPS. As a group, analysts anticipate that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 7th will be issued a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, November 7th. Parker-Hannifin’s payout ratio is presently 25.65%.

Insider Buying and Selling at Parker-Hannifin

In related news, EVP Joseph R. Leonti sold 4,625 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president owned 13,878 shares of the company’s stock, valued at approximately $10,420,157.52. The trade was a 25.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Berend Bracht sold 3,507 shares of the company’s stock in a transaction that occurred on 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 directly owned 2,580 shares in the company, valued at $2,230,616.40. This trade represents a 57.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 9,569 shares of company stock valued at $7,730,464 in the last quarter. 0.32% of the stock is currently owned by corporate insiders.

Parker-Hannifin Company 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.