Adams Diversified Equity Fund Inc. Grows Stock Holdings in Parker-Hannifin Corporation $PH

Adams Diversified Equity Fund Inc. grew its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 25.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 28,500 shares of the industrial products company’s stock after purchasing an additional 5,800 shares during the quarter. Adams Diversified Equity Fund Inc.’s holdings in Parker-Hannifin were worth $21,607,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Interchange Capital Partners LLC purchased a new position in Parker-Hannifin during the second quarter worth about $31,000. State of Wyoming purchased a new stake in Parker-Hannifin in the 2nd quarter valued at about $38,000. Financial Consulate Inc. acquired a new position in shares of Parker-Hannifin during the 3rd quarter valued at about $47,000. Princeton Global Asset Management LLC lifted its holdings in shares of Parker-Hannifin by 56.1% during the 2nd quarter. Princeton Global Asset Management LLC now owns 64 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 23 shares during the period. Finally, Sagard Holdings Management Inc. acquired a new stake in shares of Parker-Hannifin in the second quarter worth approximately $46,000. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Insider Activity

In other news, VP Berend Bracht sold 3,507 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $864.58, for a total transaction of $3,032,082.06. Following the completion of the transaction, the vice president directly owned 2,580 shares in the company, valued at approximately $2,230,616.40. The trade was a 57.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Rachid Bendali sold 1,437 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $852.99, for a total value of $1,225,746.63. Following the completion of the sale, the vice president owned 2,714 shares in the company, valued at approximately $2,315,014.86. This represents a 34.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 7,432 shares of company stock valued at $6,484,116. Insiders own 0.32% of the company’s stock.

Parker-Hannifin Stock Up 2.5%

NYSE:PH opened at $929.39 on Wednesday. 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 stock has a 50 day moving average of $855.12 and a 200-day moving average of $778.55. The firm has a market capitalization of $117.28 billion, a PE ratio of 33.11, a price-to-earnings-growth ratio of 3.15 and a beta of 1.25. Parker-Hannifin Corporation has a 52 week low of $488.45 and a 52 week high of $931.39.

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, beating the consensus estimate of $6.62 by $0.60. The company had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $4.94 billion. Parker-Hannifin had a net margin of 18.17% and a return on equity of 27.23%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.20 earnings per share. 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. Analysts predict that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Announces Dividend

The company 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 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%.

Wall Street Analysts Forecast Growth

PH has been the subject of several research analyst reports. Argus reaffirmed a “buy” rating and set a $900.00 price target on shares of Parker-Hannifin in a research report on Monday, November 10th. Stifel Nicolaus boosted their price objective on shares of Parker-Hannifin from $850.00 to $869.00 and gave the company a “hold” rating in a research note on Tuesday, December 16th. KeyCorp increased their target price on Parker-Hannifin from $935.00 to $1,050.00 and gave the stock an “overweight” rating in a research report on Tuesday. Mizuho lifted their target price on Parker-Hannifin from $800.00 to $825.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Finally, Wall Street Zen raised Parker-Hannifin from a “hold” rating to a “buy” rating in a research note on Saturday. Sixteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Parker-Hannifin has a consensus rating of “Moderate Buy” and a consensus target price of $925.72.

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.