Renaissance Group LLC Sells 83 Shares of Parker-Hannifin Corporation $PH

Renaissance Group LLC lessened its holdings in Parker-Hannifin Corporation (NYSE:PH) by 12.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 568 shares of the industrial products company’s stock after selling 83 shares during the quarter. Renaissance Group LLC’s holdings in Parker-Hannifin were worth $397,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Inspire Investing LLC boosted its holdings in Parker-Hannifin by 5.1% during the first quarter. Inspire Investing LLC now owns 12,386 shares of the industrial products company’s stock worth $7,529,000 after buying an additional 596 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of Parker-Hannifin by 20.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,194 shares of the industrial products company’s stock valued at $1,334,000 after acquiring an additional 379 shares during the period. Banco Santander S.A. boosted its stake in Parker-Hannifin by 70.2% during the 1st quarter. Banco Santander S.A. now owns 35,645 shares of the industrial products company’s stock worth $21,667,000 after acquiring an additional 14,705 shares during the last quarter. Citizens Financial Group Inc. RI grew its holdings in Parker-Hannifin by 10.6% during the first quarter. Citizens Financial Group Inc. RI now owns 32,935 shares of the industrial products company’s stock valued at $20,020,000 after purchasing an additional 3,147 shares during the period. Finally, Secure Asset Management LLC bought a new stake in Parker-Hannifin in the second quarter valued at approximately $388,000. 82.44% of the stock is owned by institutional investors.

Insider Buying and Selling at Parker-Hannifin

In other Parker-Hannifin news, VP Berend Bracht sold 3,507 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $864.58, for a total transaction of $3,032,082.06. Following the transaction, the vice president owned 2,580 shares in the company, valued at $2,230,616.40. This trade represents a 57.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Rachid Bendali sold 1,437 shares of Parker-Hannifin stock in a transaction on 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 sale, the vice president directly owned 2,714 shares of the company’s stock, valued at $2,315,014.86. This represents a 34.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 9,569 shares of company stock valued at $7,730,464 in the last ninety days. 0.32% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PH. Raymond James Financial lifted their price target on shares of Parker-Hannifin from $735.00 to $845.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. KeyCorp lifted their target price on Parker-Hannifin from $825.00 to $935.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Cowen restated a “hold” rating on shares of Parker-Hannifin in a report on Friday, August 29th. Wells Fargo & Company raised their price target on Parker-Hannifin from $840.00 to $925.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Finally, Stifel Nicolaus decreased their price objective on Parker-Hannifin from $726.00 to $723.00 and set a “hold” rating for the company in a research report on Monday, October 20th. Fourteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $860.71.

Parker-Hannifin Stock Performance

Shares of PH opened at $821.08 on Thursday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71. The firm has a 50-day moving average of $771.12 and a 200-day moving average of $726.59. The company has a market cap of $103.61 billion, a PE ratio of 30.28, a price-to-earnings-growth ratio of 3.21 and a beta of 1.37. Parker-Hannifin Corporation has a one year low of $488.45 and a one year high of $869.36.

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. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.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 previous year, the company posted $6.20 EPS. The firm’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. 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 year.

Parker-Hannifin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 7th will be issued a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, November 7th. Parker-Hannifin’s dividend payout ratio (DPR) is presently 25.65%.

Parker-Hannifin Company Profile

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to ensure purity and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors used in fluid and gas handling; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.