Deprince Race & Zollo Inc. Sells 5,806 Shares of Parker-Hannifin Corporation $PH

Deprince Race & Zollo Inc. lowered its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 10.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,376 shares of the industrial products company’s stock after selling 5,806 shares during the period. Deprince Race & Zollo Inc.’s holdings in Parker-Hannifin were worth $39,709,000 as of its most recent SEC filing.

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

Parker-Hannifin Stock Performance

Shares of Parker-Hannifin stock 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 company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $112.14 billion, a PE ratio of 31.66, a PEG 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.

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

Parker-Hannifin Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on PH shares. KeyCorp raised their price objective on shares of Parker-Hannifin from $825.00 to $935.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Deutsche Bank Aktiengesellschaft downgraded Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price target on the stock. in a research note on Thursday, September 4th. Argus reissued a “buy” rating and issued a $900.00 price target on shares of Parker-Hannifin in a research note on Monday, November 10th. Truist Financial lifted their price objective on Parker-Hannifin from $977.00 to $1,097.00 and gave the stock a “buy” rating in a research note on Thursday, December 18th. Finally, Stifel Nicolaus increased their target price on Parker-Hannifin from $850.00 to $869.00 and gave the company a “hold” rating in a research note on Tuesday, December 16th. Fifteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $911.65.

Insider Activity

In related news, COO Andrew D. Ross sold 2,488 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $894.81, for a total value of $2,226,287.28. Following the sale, the chief operating officer directly owned 13,120 shares of the company’s stock, valued at approximately $11,739,907.20. The trade was a 15.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Berend Bracht sold 3,507 shares of the 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 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 position. The disclosure for this sale is available in the SEC filing. Insiders sold 7,432 shares of company stock worth $6,484,116 over the last quarter. 0.32% of the stock is currently owned by company insiders.

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.