Parker-Hannifin Corporation $PH Position Trimmed by American Century Companies Inc.

American Century Companies Inc. trimmed its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 32.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 172,927 shares of the industrial products company’s stock after selling 83,322 shares during the period. American Century Companies Inc. owned 0.14% of Parker-Hannifin worth $120,784,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Fidelis Capital Partners LLC lifted its holdings in Parker-Hannifin by 1.3% in the second quarter. Fidelis Capital Partners LLC now owns 1,071 shares of the industrial products company’s stock worth $747,000 after acquiring an additional 14 shares during the last quarter. Cascade Financial Partners LLC raised its position in shares of Parker-Hannifin by 3.1% during the 1st quarter. Cascade Financial Partners LLC now owns 498 shares of the industrial products company’s stock worth $303,000 after purchasing an additional 15 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Parker-Hannifin by 0.8% in the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,814 shares of the industrial products company’s stock worth $1,103,000 after purchasing an additional 15 shares during the last quarter. Bingham Private Wealth LLC boosted its position in Parker-Hannifin by 3.3% during the 2nd quarter. Bingham Private Wealth LLC now owns 472 shares of the industrial products company’s stock valued at $330,000 after purchasing an additional 15 shares during the period. Finally, Meadow Creek Wealth Advisors LLC grew its stake in Parker-Hannifin by 3.6% during the 2nd quarter. Meadow Creek Wealth Advisors LLC now owns 430 shares of the industrial products company’s stock worth $300,000 after buying an additional 15 shares during the last quarter. 82.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Stifel Nicolaus cut their target price on Parker-Hannifin from $726.00 to $723.00 and set a “hold” rating on the stock in a research note on Monday, October 20th. Cowen reiterated a “hold” rating on shares of Parker-Hannifin in a research report on Friday, August 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a research note on Wednesday, October 8th. Wells Fargo & Company raised their price target 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. Finally, Deutsche Bank Aktiengesellschaft downgraded Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price objective for the company. in a research report on Thursday, September 4th. Fourteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $860.71.

Insider Transactions at Parker-Hannifin

In other Parker-Hannifin news, VP Berend Bracht sold 3,507 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $864.58, for a total value of $3,032,082.06. Following the sale, the vice president directly owned 2,580 shares in the company, valued at approximately $2,230,616.40. The trade was a 57.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Rachid Bendali sold 1,437 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $852.99, for a total transaction of $1,225,746.63. Following the completion of the sale, the vice president directly owned 2,714 shares of the company’s stock, valued at $2,315,014.86. The trade was a 34.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.32% of the stock is owned by insiders.

Parker-Hannifin Trading Up 0.2%

Parker-Hannifin stock opened at $841.10 on Tuesday. Parker-Hannifin Corporation has a 12-month low of $488.45 and a 12-month 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. The stock has a market capitalization of $106.14 billion, a PE ratio of 31.01, a price-to-earnings-growth ratio of 3.21 and a beta of 1.37. The firm has a 50 day simple moving average of $775.33 and a 200-day simple moving average of $731.74.

Parker-Hannifin (NYSE:PH) last announced its earnings results on Thursday, November 6th. The industrial products company reported $7.22 EPS 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 return on equity of 26.80% and a net margin of 17.79%.The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $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. As a group, equities research analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 7th will be paid a dividend of $1.80 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $7.20 annualized dividend and a yield of 0.9%. Parker-Hannifin’s dividend payout ratio (DPR) is currently 25.65%.

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.