Columbus Macro LLC Buys 623 Shares of Parker-Hannifin Corporation $PH

Columbus Macro LLC increased its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 5.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,491 shares of the industrial products company’s stock after buying an additional 623 shares during the quarter. Parker-Hannifin accounts for about 1.1% of Columbus Macro LLC’s investment portfolio, making the stock its 26th largest position. Columbus Macro LLC’s holdings in Parker-Hannifin were worth $9,470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Parker-Hannifin in the 2nd quarter valued at $1,352,509,000. Canada Pension Plan Investment Board lifted its holdings in Parker-Hannifin by 115.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 367,904 shares of the industrial products company’s stock valued at $256,970,000 after purchasing an additional 197,317 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Parker-Hannifin by 23.8% in the first quarter. Goldman Sachs Group Inc. now owns 996,738 shares of the industrial products company’s stock valued at $605,867,000 after buying an additional 191,799 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in Parker-Hannifin by 9.1% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,639,582 shares of the industrial products company’s stock valued at $1,145,199,000 after buying an additional 136,359 shares in the last quarter. Finally, AMF Tjanstepension AB grew its stake in Parker-Hannifin by 28.2% during the second quarter. AMF Tjanstepension AB now owns 533,895 shares of the industrial products company’s stock worth $372,991,000 after buying an additional 117,511 shares during the last quarter. 82.44% of the stock is currently owned by institutional investors.

Insider Transactions at Parker-Hannifin

In other news, COO Andrew D. Ross sold 2,488 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $894.81, for a total transaction of $2,226,287.28. Following the completion of the transaction, the chief operating officer directly owned 13,120 shares in the company, valued at approximately $11,739,907.20. The trade was a 15.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Berend Bracht sold 3,507 shares of the company’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 completion of the sale, the vice president directly owned 2,580 shares of the company’s stock, valued at approximately $2,230,616.40. This trade represents a 57.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 7,432 shares of company stock worth $6,484,116 in the last three months. Insiders own 0.32% of the company’s stock.

Parker-Hannifin Trading Up 0.1%

Shares of PH opened at $888.69 on Friday. The stock’s fifty day simple moving average is $836.17 and its 200-day simple moving average is $766.07. The firm has a market capitalization of $112.14 billion, a PE ratio of 31.66, a price-to-earnings-growth ratio of 3.09 and a beta of 1.25. Parker-Hannifin Corporation has a 12-month low of $488.45 and a 12-month high of $908.35. 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 (NYSE:PH) last announced 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 return on equity of 27.23% and a net margin of 18.17%.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 company earned $6.20 earnings per share. 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, research analysts predict that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PH. Barclays boosted their target price on Parker-Hannifin from $906.00 to $950.00 and gave the stock an “overweight” rating in a report on Thursday, December 4th. Susquehanna restated a “positive” rating and set a $1,000.00 target price on shares of Parker-Hannifin in a report on Wednesday, November 12th. Wall Street Zen lowered Parker-Hannifin from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. KeyCorp upped their price target on shares of Parker-Hannifin from $825.00 to $935.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Finally, Mizuho increased their price objective on shares of Parker-Hannifin from $800.00 to $825.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Fifteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Parker-Hannifin presently has a consensus rating of “Moderate Buy” and an average price target of $911.65.

About Parker-Hannifin

Parker-Hannifin Corporation (NYSE: PH) is a global manufacturer and provider of motion and control technologies and systems. The company designs, manufactures and services a broad range of engineered components and systems used to control the movement and flow of liquids, gases and hydraulic power. Its product portfolio is applied across demanding environments and includes solutions for industrial manufacturing, aerospace, mobile equipment and other engineered applications.

Parker-Hannifin’s product and service offerings span hydraulic and pneumatic components, fittings and fluid connectors, valves, pumps and motors, electromechanical actuators and motion-control systems, filtration and separation products, and seals and sealing systems.