Amundi Has $268.49 Million Holdings in Parker-Hannifin Corporation $PH

Amundi decreased its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 24.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 377,385 shares of the industrial products company’s stock after selling 124,007 shares during the quarter. Amundi owned approximately 0.30% of Parker-Hannifin worth $268,494,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SCS Capital Management LLC boosted its stake in shares of Parker-Hannifin by 665.0% during the 2nd quarter. SCS Capital Management LLC now owns 7,084 shares of the industrial products company’s stock worth $4,948,000 after buying an additional 6,158 shares during the last quarter. Mirabella Financial Services LLP raised its holdings in Parker-Hannifin by 215.2% during the second quarter. Mirabella Financial Services LLP now owns 7,644 shares of the industrial products company’s stock worth $5,343,000 after acquiring an additional 5,219 shares in the last quarter. GeoWealth Management LLC boosted its holdings in shares of Parker-Hannifin by 14.2% in the 2nd quarter. GeoWealth Management LLC now owns 1,967 shares of the industrial products company’s stock valued at $1,374,000 after buying an additional 245 shares during the last quarter. Great Diamond Partners LLC lifted its stake in Parker-Hannifin by 2.3% in the second quarter. Great Diamond Partners LLC now owns 3,933 shares of the industrial products company’s stock valued at $2,747,000 after acquiring an additional 90 shares during the last quarter. Finally, Baird Financial Group Inc. grew its holdings in Parker-Hannifin by 5.1% during the second quarter. Baird Financial Group Inc. now owns 890,467 shares of the industrial products company’s stock worth $621,965,000 after purchasing an additional 43,568 shares during the period. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Cowen reaffirmed a “hold” rating on shares of Parker-Hannifin in a research report on Friday, August 29th. KeyCorp boosted their price objective on Parker-Hannifin from $825.00 to $935.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Raymond James Financial increased their target price on Parker-Hannifin from $735.00 to $845.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Wall Street Zen cut Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Friday, November 28th. Finally, Evercore ISI reaffirmed an “outperform” rating on shares of Parker-Hannifin in a report on Tuesday, August 19th. Fourteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $875.65.

Parker-Hannifin Trading Up 0.7%

Shares of Parker-Hannifin stock opened at $880.17 on Friday. The company has a quick ratio of 0.61, a current ratio of 1.07 and a debt-to-equity ratio of 0.54. Parker-Hannifin Corporation has a 12-month low of $488.45 and a 12-month high of $882.00. The company has a market capitalization of $111.07 billion, a price-to-earnings ratio of 31.36, a PEG ratio of 3.04 and a beta of 1.25. The firm’s 50-day moving average price is $795.38 and its two-hundred day moving average price is $742.91.

Parker-Hannifin (NYSE:PH) last issued its earnings results on Thursday, November 6th. The industrial products company reported $7.22 EPS for the quarter, beating the consensus estimate of $6.62 by $0.60. The company had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $4.94 billion. Parker-Hannifin had a net margin of 18.17% and a return on equity of 27.23%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the company earned $6.20 EPS. 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. On average, analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

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

Insider Buying and Selling at Parker-Hannifin

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 value of $1,225,746.63. Following the transaction, the vice president owned 2,714 shares in the company, valued at $2,315,014.86. The trade was a 34.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Berend Bracht sold 3,507 shares of the business’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 transaction, the vice president directly owned 2,580 shares of the company’s stock, valued at approximately $2,230,616.40. The trade was a 57.61% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.32% of the company’s stock.

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.