Arrowstreet Capital Limited Partnership Raises Holdings in Parker-Hannifin Corporation $PH

Arrowstreet Capital Limited Partnership increased its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 932.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,537 shares of the industrial products company’s stock after acquiring an additional 12,226 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Parker-Hannifin were worth $9,455,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealth Preservation Advisors LLC bought a new stake in Parker-Hannifin during the 1st quarter valued at $27,000. Interchange Capital Partners LLC purchased a new position in shares of Parker-Hannifin in the second quarter valued at about $31,000. Saudi Central Bank bought a new position in shares of Parker-Hannifin during the first quarter valued at about $31,000. Princeton Global Asset Management LLC boosted its holdings in shares of Parker-Hannifin by 56.1% during the second quarter. Princeton Global Asset Management LLC now owns 64 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 23 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd grew its stake in shares of 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 worth $44,000 after purchasing an additional 59 shares during the last quarter. Institutional investors own 82.44% of the company’s stock.

Insider Buying and Selling at Parker-Hannifin

In other news, VP Berend Bracht sold 3,507 shares of Parker-Hannifin 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 completion of the transaction, the vice president owned 2,580 shares of the company’s stock, valued at $2,230,616.40. The trade was a 57.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Rachid Bendali sold 1,437 shares of the 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 sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. 0.32% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PH. Cowen reiterated a “hold” rating on shares of Parker-Hannifin in a report on Friday, August 29th. Evercore ISI restated an “outperform” rating on shares of Parker-Hannifin in a report on Tuesday, August 19th. Wells Fargo & Company raised their price target on Parker-Hannifin from $840.00 to $925.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Wall Street Zen downgraded shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Finally, Susquehanna reaffirmed a “positive” rating and issued a $1,000.00 target price on shares of Parker-Hannifin in a research report on Wednesday, November 12th. Fourteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $883.41.

Parker-Hannifin Trading Down 1.9%

NYSE:PH opened at $862.58 on Wednesday. The firm has a market capitalization of $108.85 billion, a P/E ratio of 30.73, a PEG ratio of 3.06 and a beta of 1.25. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.07 and a quick ratio of 0.61. Parker-Hannifin Corporation has a one year low of $488.45 and a one year high of $888.82. The company’s 50-day simple moving average is $799.99 and its 200 day simple moving average is $746.94.

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 the consensus estimate of $6.62 by $0.60. Parker-Hannifin had a net margin of 18.17% and a return on equity of 27.23%. 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 business earned $6.20 earnings per share. The business’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, analysts forecast that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

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

About Parker-Hannifin

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.