Csenge Advisory Group Trims Stake in Parker-Hannifin Corporation $PH

Csenge Advisory Group lessened its position in Parker-Hannifin Corporation (NYSE:PH) by 20.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,204 shares of the industrial products company’s stock after selling 572 shares during the quarter. Csenge Advisory Group’s holdings in Parker-Hannifin were worth $1,671,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its stake 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 in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Parker-Hannifin during the 2nd quarter valued at $733,000. Procyon Advisors LLC boosted its position in shares of Parker-Hannifin by 158,565.9% in the 3rd quarter. Procyon Advisors LLC now owns 5,069,374 shares of the industrial products company’s stock worth $3,843,346,000 after purchasing an additional 5,066,179 shares in the last quarter. Vanguard Group Inc. grew its stake in Parker-Hannifin by 0.9% during the 2nd 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. Finally, JPMorgan Chase & Co. raised its stake in Parker-Hannifin by 0.7% in 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 last quarter. 82.44% of the stock is currently owned by institutional investors.

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 completion of the transaction, the chief operating officer directly owned 13,120 shares in the company, valued at $11,739,907.20. The trade was a 15.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 directly owned 2,714 shares in the company, valued at approximately $2,315,014.86. The trade was a 34.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 7,432 shares of company stock valued at $6,484,116 in the last three months. 0.32% of the stock is currently owned by corporate insiders.

Parker-Hannifin Trading Down 0.0%

NYSE PH opened at $944.14 on Friday. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $950.00. 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 company has a market capitalization of $119.14 billion, a PE ratio of 33.64, a P/E/G ratio of 3.28 and a beta of 1.25. The company has a fifty day moving average of $877.39 and a 200 day moving average of $791.40.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings data on Thursday, November 6th. The industrial products company reported $7.22 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $4.94 billion. During the same quarter last year, the business posted $6.20 EPS. The company’s revenue 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. Research analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

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

Analyst Ratings Changes

PH has been the topic of a number of research analyst reports. The Goldman Sachs Group boosted their price target on Parker-Hannifin from $900.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Wall Street Zen cut shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a research note on Sunday, January 11th. Citigroup restated a “buy” rating on shares of Parker-Hannifin in a research note on Monday, January 12th. Mizuho lifted their price objective on shares of Parker-Hannifin from $800.00 to $825.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Finally, Wells Fargo & Company boosted their price objective on shares of Parker-Hannifin from $925.00 to $1,000.00 and gave the company an “overweight” rating in a report on Wednesday, January 7th. Seventeen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $946.17.

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.