1832 Asset Management L.P. Lowers Stock Position in Parker-Hannifin Corporation $PH

1832 Asset Management L.P. trimmed its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 95.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,124 shares of the industrial products company’s stock after selling 80,396 shares during the quarter. 1832 Asset Management L.P.’s holdings in Parker-Hannifin were worth $2,880,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quadrant Capital Group LLC boosted its position in Parker-Hannifin by 20.1% during the 2nd quarter. Quadrant Capital Group LLC now owns 3,610 shares of the industrial products company’s stock worth $2,521,000 after acquiring an additional 604 shares during the period. Inspire Investing LLC raised its stake in shares of Parker-Hannifin by 5.1% during the first quarter. Inspire Investing LLC now owns 12,386 shares of the industrial products company’s stock valued at $7,529,000 after purchasing an additional 596 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in Parker-Hannifin by 20.9% in the first quarter. Geneos Wealth Management Inc. now owns 2,194 shares of the industrial products company’s stock worth $1,334,000 after purchasing an additional 379 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new position in Parker-Hannifin in the 2nd quarter valued at about $733,000. Finally, Vanguard Group Inc. increased its stake in Parker-Hannifin by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 11,125,240 shares of the industrial products company’s stock valued at $7,770,646,000 after buying an additional 101,476 shares during the period. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Barclays raised 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. Evercore ISI restated an “outperform” rating on shares of Parker-Hannifin in a research report on Tuesday, August 19th. BNP Paribas started coverage on shares of Parker-Hannifin in a report on Thursday. They issued an “outperform” rating and a $1,020.00 target price on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 target price for the company. in a research note on Thursday, September 4th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $977.00 price target (up previously from $910.00) on shares of Parker-Hannifin in a report on Friday, November 7th. 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 data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $875.65.

Parker-Hannifin Stock Performance

Shares of NYSE PH opened at $880.17 on Friday. The business’s 50-day simple moving average is $795.38 and its 200-day simple moving average is $742.91. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.61 and a current ratio of 1.07. Parker-Hannifin Corporation has a 52 week low of $488.45 and a 52 week high of $882.00. The firm has a market cap of $111.07 billion, a price-to-earnings ratio of 31.36, a P/E/G ratio of 3.04 and a beta of 1.25.

Parker-Hannifin (NYSE:PH) last released its earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.62 by $0.60. Parker-Hannifin had a return on equity of 27.23% and a net margin of 18.17%.The firm had revenue of $5.08 billion for the quarter, compared to analyst estimates of $4.94 billion. During the same quarter last year, the firm 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 and its FY 2026 guidance at 29.600-30.400 EPS. As a group, equities research analysts expect that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 7th were issued a $1.80 dividend. The ex-dividend date of this dividend was Friday, November 7th. This represents a $7.20 annualized dividend and a dividend yield of 0.8%. Parker-Hannifin’s dividend payout ratio is presently 25.65%.

Insider Transactions at Parker-Hannifin

In other news, 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 transaction, the vice president directly owned 2,714 shares in the company, valued at $2,315,014.86. This trade represents a 34.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Berend Bracht sold 3,507 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was 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. This represents a 57.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.32% of the company’s stock.

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.