Swiss National Bank Purchases 26,700 Shares of Parker-Hannifin Corporation $PH

Swiss National Bank grew its position in Parker-Hannifin Corporation (NYSE:PH) by 7.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 389,700 shares of the industrial products company’s stock after buying an additional 26,700 shares during the period. Swiss National Bank owned approximately 0.30% of Parker-Hannifin worth $272,194,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Wealth Preservation Advisors LLC acquired a new position in Parker-Hannifin in the first quarter valued at about $27,000. Interchange Capital Partners LLC acquired a new stake in shares of Parker-Hannifin during the second quarter worth about $31,000. Saudi Central Bank bought a new position in shares of Parker-Hannifin during the 1st quarter valued at about $31,000. Princeton Global Asset Management LLC grew its position in shares of 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 purchasing an additional 23 shares during the period. Finally, Accent Capital Management LLC bought a new stake in Parker-Hannifin during the 1st quarter worth approximately $41,000. Institutional investors and hedge funds own 82.44% of the company’s stock.

Insider Activity

In other Parker-Hannifin news, VP Rachid Bendali sold 1,437 shares of the stock in a transaction 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 owned 2,714 shares in the company, valued at $2,315,014.86. This trade represents a 34.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Berend Bracht sold 3,507 shares of Parker-Hannifin stock in a transaction dated 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 transaction, the vice president directly owned 2,580 shares of the company’s stock, valued at approximately $2,230,616.40. This trade represents a 57.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 9,569 shares of company stock valued at $7,730,464. 0.32% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on PH shares. Wall Street Zen raised shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a research note on Saturday, September 20th. Citigroup raised their price objective on shares of Parker-Hannifin from $831.00 to $874.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Argus reaffirmed a “buy” rating and issued a $900.00 target price on shares of Parker-Hannifin in a research note on Monday, November 10th. Robert W. Baird increased their target price on Parker-Hannifin from $930.00 to $960.00 and gave the stock an “outperform” rating in a report on Wednesday, November 12th. Finally, Stifel Nicolaus cut their price target on Parker-Hannifin from $726.00 to $723.00 and set a “hold” rating on the stock in a report on Monday, October 20th. Fourteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $860.71.

Parker-Hannifin Trading Down 0.1%

Shares of NYSE:PH opened at $819.72 on Friday. The company’s 50-day moving average price is $772.11 and its two-hundred day moving average price is $727.24. Parker-Hannifin Corporation has a one year low of $488.45 and a one year high of $869.36. 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 stock has a market capitalization of $103.44 billion, a PE ratio of 30.23, a price-to-earnings-growth ratio of 3.21 and a beta of 1.37.

Parker-Hannifin (NYSE:PH) last released its earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.62 by $0.60. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The business had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $4.94 billion. During the same quarter in the previous year, the business earned $6.20 earnings per share. Parker-Hannifin’s quarterly 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. FY 2026 guidance at 29.600-30.400 EPS. On average, equities analysts forecast that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 7th will be paid a dividend of $1.80 per share. The ex-dividend date is Friday, November 7th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.9%. Parker-Hannifin’s dividend payout ratio is currently 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.