Robeco Institutional Asset Management B.V. Trims Holdings in Parker-Hannifin Corporation $PH

Robeco Institutional Asset Management B.V. reduced its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 32.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,364 shares of the industrial products company’s stock after selling 2,612 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Parker-Hannifin were worth $4,067,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC grew its holdings in Parker-Hannifin by 20.1% during the 2nd quarter. Quadrant Capital Group LLC now owns 3,610 shares of the industrial products company’s stock worth $2,521,000 after acquiring an additional 604 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Parker-Hannifin in the 2nd quarter worth approximately $733,000. Geneos Wealth Management Inc. boosted its stake in shares of Parker-Hannifin by 20.9% during the first quarter. Geneos Wealth Management Inc. now owns 2,194 shares of the industrial products company’s stock valued at $1,334,000 after purchasing an additional 379 shares in the last quarter. Vanguard Group Inc. boosted 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 valued at $7,770,646,000 after purchasing an additional 101,476 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Parker-Hannifin by 0.7% during the second quarter. JPMorgan Chase & Co. now owns 2,075,234 shares of the industrial products company’s stock valued at $1,449,496,000 after buying an additional 14,534 shares during the period. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Wall Street Analyst Weigh In

PH has been the topic of several recent research reports. JPMorgan Chase & Co. assumed coverage on Parker-Hannifin in a research report on Tuesday, January 6th. They set an “overweight” rating and a $1,050.00 target price on the stock. Robert W. Baird raised their price objective on Parker-Hannifin from $930.00 to $960.00 and gave the company an “outperform” rating in a research report on Wednesday, November 12th. Wells Fargo & Company lifted their target price on Parker-Hannifin from $925.00 to $1,000.00 and gave the company an “overweight” rating in a research note on Wednesday. Truist Financial increased their price target on shares of Parker-Hannifin from $977.00 to $1,097.00 and gave the company a “buy” rating in a research report on Thursday, December 18th. Finally, Argus reaffirmed a “buy” rating and issued a $900.00 price objective on shares of Parker-Hannifin in a research report on Monday, November 10th. Sixteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $932.11.

Parker-Hannifin Price Performance

Shares of PH stock opened at $922.18 on Friday. Parker-Hannifin Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $933.33. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.61 and a current ratio of 1.07. The firm has a market capitalization of $116.37 billion, a price-to-earnings ratio of 32.85, a PEG ratio of 3.20 and a beta of 1.25. The stock’s 50-day simple moving average is $863.45 and its 200-day simple moving average is $782.88.

Parker-Hannifin (NYSE:PH) last released its earnings results 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 net margin of 18.17% and a return on equity of 27.23%. The company had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $4.94 billion. During the same period last year, the business earned $6.20 EPS. Parker-Hannifin’s revenue for the quarter 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, equities analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 7th were given a $1.80 dividend. This represents a $7.20 annualized dividend 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 presently 25.65%.

Insider Buying and Selling

In other news, 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 completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Andrew D. Ross sold 2,488 shares of the company’s stock in a transaction that occurred 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 owned 13,120 shares in the company, valued at approximately $11,739,907.20. This represents a 15.94% 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 in the last 90 days. Insiders own 0.32% of the company’s stock.

Parker-Hannifin Profile

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.