Parker-Hannifin Corporation $PH Shares Sold by Boston Partners

Boston Partners lessened its stake in Parker-Hannifin Corporation (NYSE:PH) by 39.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 248,843 shares of the industrial products company’s stock after selling 164,095 shares during the period. Boston Partners owned 0.19% of Parker-Hannifin worth $173,821,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PH. J.W. Cole Advisors Inc. increased its stake in shares of Parker-Hannifin by 37.3% during the second quarter. J.W. Cole Advisors Inc. now owns 5,048 shares of the industrial products company’s stock valued at $3,526,000 after acquiring an additional 1,371 shares during the period. Verity & Verity LLC lifted its position in Parker-Hannifin by 0.6% in the second quarter. Verity & Verity LLC now owns 3,475 shares of the industrial products company’s stock worth $2,427,000 after purchasing an additional 21 shares during the period. Advisors Asset Management Inc. boosted its stake in Parker-Hannifin by 22.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 17,015 shares of the industrial products company’s stock valued at $11,884,000 after purchasing an additional 3,117 shares in the last quarter. Columbia Bank increased its position in shares of Parker-Hannifin by 1.2% during the 2nd quarter. Columbia Bank now owns 5,203 shares of the industrial products company’s stock valued at $3,678,000 after purchasing an additional 61 shares during the period. Finally, Laurel Wealth Advisors LLC increased its position in shares of Parker-Hannifin by 69,753.8% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 9,081 shares of the industrial products company’s stock valued at $6,343,000 after purchasing an additional 9,068 shares during the period. 82.44% of the stock is currently owned by institutional investors.

Parker-Hannifin Stock Up 1.1%

PH stock opened at $861.69 on Thursday. 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 firm has a market capitalization of $108.73 billion, a P/E ratio of 31.77, a P/E/G ratio of 3.21 and a beta of 1.37. Parker-Hannifin Corporation has a 52-week low of $488.45 and a 52-week high of $869.36. The company’s 50 day simple moving average is $779.75 and its 200-day simple moving average is $734.08.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data 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 net margin of 17.79% and a return on equity of 26.80%. The firm had revenue of $5.08 billion during the quarter, compared to analyst estimates of $4.94 billion. During the same quarter last year, the business posted $6.20 EPS. The company’s revenue 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, equities research analysts anticipate that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Announces Dividend

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

Insider Activity

In other Parker-Hannifin news, VP Rachid Bendali sold 1,437 shares of Parker-Hannifin stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $852.99, for a total transaction 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. The trade was a 34.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Berend Bracht sold 3,507 shares of the 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 completion of the sale, the vice president directly owned 2,580 shares of the company’s stock, valued at $2,230,616.40. This trade represents a 57.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.32% of the company’s stock.

Analysts Set New Price Targets

PH has been the subject of several research analyst reports. Citigroup upped their price objective on Parker-Hannifin from $831.00 to $874.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Truist Financial reiterated a “buy” rating and issued a $977.00 price target (up from $910.00) on shares of Parker-Hannifin in a research report on Friday, November 7th. Deutsche Bank Aktiengesellschaft lowered shares of 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. Robert W. Baird boosted their target price on shares of Parker-Hannifin from $930.00 to $960.00 and gave the stock an “outperform” rating in a report on Wednesday, November 12th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a research note on Wednesday, October 8th. Fourteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $860.71.

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.