Parker-Hannifin Corporation $PH Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. lessened its stake in Parker-Hannifin Corporation (NYSE:PH) by 9.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 11,676 shares of the industrial products company’s stock after selling 1,218 shares during the period. Pacer Advisors Inc.’s holdings in Parker-Hannifin were worth $8,852,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Interchange Capital Partners LLC acquired a new stake in shares of Parker-Hannifin in the second quarter valued at $31,000. Saudi Central Bank acquired a new position in Parker-Hannifin in the 1st quarter valued at about $31,000. State of Wyoming purchased a new stake in Parker-Hannifin during the second quarter worth about $38,000. Princeton Global Asset Management LLC lifted its position 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 in the last quarter. Finally, Sagard Holdings Management Inc. purchased a new position in shares of Parker-Hannifin in the second quarter valued at approximately $46,000. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PH has been the topic of several recent research reports. BNP Paribas began coverage on shares of Parker-Hannifin in a research note on Thursday, December 4th. They set an “outperform” rating and a $1,020.00 target price on the stock. Truist Financial lifted their target price on Parker-Hannifin from $977.00 to $1,097.00 and gave the company a “buy” rating in a report on Thursday, December 18th. Citigroup boosted their target price on Parker-Hannifin from $960.00 to $1,006.00 and gave the stock a “buy” rating in a research note on Monday, December 8th. Stifel Nicolaus increased their price target on Parker-Hannifin from $850.00 to $869.00 and gave the company a “hold” rating in a research report on Tuesday, December 16th. Finally, The Goldman Sachs Group lifted their price objective on Parker-Hannifin from $900.00 to $1,000.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Fifteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Parker-Hannifin currently has a consensus rating of “Moderate Buy” and an average target price of $911.65.

Parker-Hannifin Stock Up 0.1%

Parker-Hannifin stock opened at $888.69 on Monday. The stock has a market cap of $112.14 billion, a PE ratio of 31.66, a P/E/G ratio of 3.09 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. The stock’s fifty day moving average is $836.17 and its two-hundred day moving average is $766.73. Parker-Hannifin Corporation has a 1-year low of $488.45 and a 1-year high of $908.35.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings data 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 business had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $4.94 billion. During the same period in the prior year, the firm posted $6.20 EPS. The business’s quarterly revenue 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, sell-side analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 7th were issued a dividend of $1.80 per share. 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 dividend payout ratio (DPR) is presently 25.65%.

Insider Transactions at Parker-Hannifin

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 completion of the sale, the chief operating officer directly owned 13,120 shares of the company’s stock, valued at $11,739,907.20. The trade was a 15.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Rachid Bendali sold 1,437 shares of the firm’s 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 directly owned 2,714 shares in the company, valued at approximately $2,315,014.86. The trade was a 34.62% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 7,432 shares of company stock worth $6,484,116. 0.32% of the stock is currently owned by 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.