AMF Tjanstepension AB Trims Stock Holdings in Parker-Hannifin Corporation $PH

AMF Tjanstepension AB decreased its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 43.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 301,292 shares of the industrial products company’s stock after selling 232,603 shares during the period. Parker-Hannifin accounts for approximately 2.5% of AMF Tjanstepension AB’s portfolio, making the stock its 12th largest holding. AMF Tjanstepension AB owned approximately 0.24% of Parker-Hannifin worth $228,425,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of PH. CIBC Asset Management Inc boosted its holdings in Parker-Hannifin by 1.7% in the third quarter. CIBC Asset Management Inc now owns 18,196 shares of the industrial products company’s stock valued at $13,795,000 after acquiring an additional 304 shares during the last quarter. Frazier Financial Advisors LLC purchased a new stake in shares of Parker-Hannifin during the third quarter valued at approximately $285,000. Sagespring Wealth Partners LLC lifted its position in shares of Parker-Hannifin by 4.0% during the third quarter. Sagespring Wealth Partners LLC now owns 2,105 shares of the industrial products company’s stock worth $1,596,000 after purchasing an additional 80 shares in the last quarter. Biltmore Family Office LLC boosted its stake in shares of Parker-Hannifin by 1.7% in the third quarter. Biltmore Family Office LLC now owns 2,198 shares of the industrial products company’s stock valued at $1,666,000 after purchasing an additional 36 shares during the period. Finally, Virtue Capital Management LLC grew its stake in shares of Parker-Hannifin by 2.6% during the third quarter. Virtue Capital Management LLC now owns 830 shares of the industrial products company’s stock valued at $629,000 after acquiring an additional 21 shares in the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Parker-Hannifin Stock Down 1.2%

Shares of PH stock opened at $927.58 on Friday. 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 firm has a market cap of $117.05 billion, a PE ratio of 33.05, a price-to-earnings-growth ratio of 3.23 and a beta of 1.25. The stock has a 50 day moving average of $886.56 and a 200-day moving average of $799.24. Parker-Hannifin Corporation has a 12 month low of $488.45 and a 12 month high of $954.30.

Parker-Hannifin (NYSE:PH) last issued its earnings results on Thursday, November 6th. The industrial products company reported $7.22 EPS for the quarter, topping the consensus estimate of $6.62 by $0.60. The firm had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $4.94 billion. Parker-Hannifin had a return on equity of 27.23% and a net margin of 18.17%.Parker-Hannifin’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the business earned $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. On average, equities analysts predict that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, February 6th will be issued a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, February 6th. Parker-Hannifin’s payout ratio is currently 25.65%.

Analysts Set New Price Targets

PH has been the topic of several research reports. Barclays upped 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, January 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a report on Thursday. Argus reaffirmed a “buy” rating and set a $900.00 price target on shares of Parker-Hannifin in a research note on Monday, November 10th. Citigroup restated a “buy” rating on shares of Parker-Hannifin in a report on Monday, January 12th. Finally, BNP Paribas Exane started coverage on shares of Parker-Hannifin in a report on Thursday, December 4th. They issued an “outperform” rating and a $1,020.00 target price for the company. Seventeen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $950.17.

Insiders Place Their Bets

In other news, VP Berend Bracht sold 3,507 shares of the stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $864.58, for a total transaction of $3,032,082.06. Following the completion of the sale, the vice president owned 2,580 shares of the company’s stock, valued at $2,230,616.40. This represents a 57.61% 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, COO Andrew D. Ross sold 2,488 shares of Parker-Hannifin stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $894.81, for a total transaction of $2,226,287.28. Following the completion of the sale, the chief operating officer owned 13,120 shares in the company, valued at $11,739,907.20. This trade represents a 15.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 7,432 shares of company stock worth $6,484,116. Insiders own 0.32% of the company’s stock.

Parker-Hannifin Company 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.