Bank of New York Mellon Corp Has $572.15 Million Stock Position in Parker-Hannifin Corporation $PH

Bank of New York Mellon Corp cut its holdings in Parker-Hannifin Corporation (NYSE:PH) by 2.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 754,659 shares of the industrial products company’s stock after selling 21,050 shares during the period. Bank of New York Mellon Corp owned approximately 0.60% of Parker-Hannifin worth $572,145,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Chilton Capital Management LLC acquired a new position in shares of Parker-Hannifin during the 3rd quarter worth approximately $29,000. Interchange Capital Partners LLC acquired a new stake in Parker-Hannifin during the second quarter worth approximately $31,000. State of Wyoming bought a new position in Parker-Hannifin during the 2nd quarter worth $38,000. Princeton Global Asset Management LLC raised its holdings in Parker-Hannifin by 56.1% in the 2nd quarter. Princeton Global Asset Management LLC now owns 64 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 23 shares in the last quarter. Finally, Sagard Holdings Management Inc. bought a new stake in shares of Parker-Hannifin during the 2nd quarter valued at $46,000. 82.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Morgan Stanley reaffirmed a “positive” rating on shares of Parker-Hannifin in a research note on Wednesday, January 14th. Susquehanna restated a “positive” rating and issued a $1,000.00 target price on shares of Parker-Hannifin in a research report on Wednesday, November 12th. BNP Paribas Exane began coverage on shares of Parker-Hannifin in a report on Thursday, December 4th. They set an “outperform” rating and a $1,020.00 price target for the company. KeyCorp increased their price target on shares of Parker-Hannifin from $935.00 to $1,050.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 6th. Finally, Robert W. Baird boosted their price objective on shares of Parker-Hannifin from $930.00 to $960.00 and gave the company an “outperform” rating in a research report on Wednesday, November 12th. Seventeen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $950.17.

Parker-Hannifin Stock Performance

Shares of Parker-Hannifin stock opened at $915.58 on Thursday. Parker-Hannifin Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $954.30. 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 firm has a market capitalization of $115.54 billion, a P/E ratio of 32.62, a P/E/G ratio of 3.22 and a beta of 1.25. The company’s 50 day moving average price is $892.87 and its two-hundred day moving average price is $803.70.

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, topping the consensus estimate 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 the consensus estimate of $4.94 billion. During the same period in the prior year, the business earned $6.20 earnings per share. The company’s revenue for the quarter 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, 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 will be paid on Friday, March 6th. Shareholders of record on Friday, February 6th will be given a $1.80 dividend. The ex-dividend date is Friday, February 6th. This represents a $7.20 annualized dividend and a yield of 0.8%. Parker-Hannifin’s dividend payout ratio (DPR) is currently 25.65%.

Insider Transactions at Parker-Hannifin

In other Parker-Hannifin news, VP Berend Bracht sold 3,507 shares of the business’s stock in a transaction that occurred 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 sale, the vice president directly owned 2,580 shares of the company’s stock, valued at $2,230,616.40. The trade was a 57.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Rachid Bendali sold 1,437 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $852.99, for a total transaction of $1,225,746.63. Following the transaction, the vice president directly owned 2,714 shares of the company’s stock, valued at $2,315,014.86. The trade was a 34.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 7,432 shares of company stock worth $6,484,116. 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.