Citizens Financial Group Inc. RI Boosts Stake in Parker-Hannifin Corporation $PH

Citizens Financial Group Inc. RI lifted its holdings in Parker-Hannifin Corporation (NYSE:PH) by 3.2% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,523 shares of the industrial products company’s stock after buying an additional 1,075 shares during the period. Citizens Financial Group Inc. RI’s holdings in Parker-Hannifin were worth $26,174,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Interchange Capital Partners LLC bought a new position in Parker-Hannifin in the 2nd quarter valued at $31,000. State of Wyoming purchased a new position in shares of Parker-Hannifin in the 2nd quarter worth about $38,000. Princeton Global Asset Management LLC grew its position in 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 valued at $45,000 after buying an additional 23 shares during the period. Sagard Holdings Management Inc. purchased a new stake in Parker-Hannifin during the second quarter worth about $46,000. Finally, Financial Consulate Inc. bought a new stake in Parker-Hannifin in the third quarter worth about $47,000. 82.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Parker-Hannifin news, VP Rachid Bendali sold 1,437 shares of Parker-Hannifin stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $852.99, for a total transaction of $1,225,746.63. Following the completion of the sale, the vice president owned 2,714 shares of the company’s stock, valued at $2,315,014.86. The trade was a 34.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Berend Bracht sold 3,507 shares of the company’s 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 completion of the transaction, the vice president owned 2,580 shares of the company’s stock, valued at $2,230,616.40. The trade was a 57.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 7,432 shares of company stock worth $6,484,116. 0.32% of the stock is currently owned by corporate insiders.

Parker-Hannifin Price Performance

Parker-Hannifin stock opened at $922.18 on Monday. The stock has a market cap 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 company has a quick ratio of 0.61, a current ratio of 1.07 and a debt-to-equity ratio of 0.54. The business has a 50-day simple moving average of $863.45 and a 200 day simple moving average of $783.64. Parker-Hannifin Corporation has a 52 week low of $488.45 and a 52 week high of $933.33.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share for the quarter, beating 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 firm had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $4.94 billion. During the same quarter last year, the firm posted $6.20 EPS. The company’s 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, research analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 7th were issued 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 dividend yield of 0.8%. Parker-Hannifin’s dividend payout ratio is presently 25.65%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Stifel Nicolaus boosted 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. Barclays boosted their price objective on Parker-Hannifin from $950.00 to $990.00 and gave the company an “overweight” rating in a research note on Wednesday. Truist Financial lifted their target price on shares of Parker-Hannifin from $977.00 to $1,097.00 and gave the stock a “buy” rating in a research note on Thursday, December 18th. The Goldman Sachs Group upped their price target on shares of Parker-Hannifin from $900.00 to $1,000.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Finally, Wells Fargo & Company raised their price objective on shares of Parker-Hannifin from $925.00 to $1,000.00 and gave the stock an “overweight” rating in a report on Wednesday. Sixteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $932.11.

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.