OFI Invest Asset Management Sells 1,004 Shares of Parker-Hannifin Corporation $PH

OFI Invest Asset Management lessened its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 41.5% during the third quarter, Holdings Channel.com reports. The fund owned 1,417 shares of the industrial products company’s stock after selling 1,004 shares during the period. OFI Invest Asset Management’s holdings in Parker-Hannifin were worth $1,074,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PH. Wealth Preservation Advisors LLC acquired a new stake in shares of Parker-Hannifin during the 1st quarter worth $27,000. Interchange Capital Partners LLC acquired a new position in Parker-Hannifin in the second quarter valued at about $31,000. Saudi Central Bank bought a new stake in Parker-Hannifin during the first quarter worth about $31,000. State of Wyoming acquired a new stake in Parker-Hannifin during the second quarter worth about $38,000. Finally, Princeton Global Asset Management LLC increased 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 buying an additional 23 shares during the period. 82.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Parker-Hannifin

In other news, VP Berend Bracht sold 3,507 shares of the stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $864.58, for a total value 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 approximately $2,230,616.40. This represents a 57.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Andrew D. Ross sold 2,488 shares of Parker-Hannifin stock in a transaction that occurred on Thursday, December 11th. The stock was 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 approximately $11,739,907.20. This represents a 15.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In 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 Trading Up 1.4%

PH opened at $886.78 on Tuesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.07 and a quick ratio of 0.61. Parker-Hannifin Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $908.35. The company’s 50 day moving average price is $823.78 and its two-hundred day moving average price is $760.63. The firm has a market capitalization of $111.90 billion, a price-to-earnings ratio of 31.59, a PEG ratio of 3.04 and a beta of 1.25.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings results on Thursday, November 6th. The industrial products company reported $7.22 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $4.94 billion. During the same quarter in the previous year, the business earned $6.20 earnings per share. Parker-Hannifin’s revenue 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. As a group, research analysts predict that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 7th were given a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, November 7th. Parker-Hannifin’s payout ratio is 25.65%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PH. Wells Fargo & Company upped their price target on shares of Parker-Hannifin from $840.00 to $925.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Argus restated a “buy” rating and set a $900.00 price objective on shares of Parker-Hannifin in a research report on Monday, November 10th. Susquehanna restated a “positive” rating and set a $1,000.00 target price on shares of Parker-Hannifin in a research note on Wednesday, November 12th. KeyCorp raised their target price on Parker-Hannifin from $825.00 to $935.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Finally, Cowen reissued a “hold” rating on shares of Parker-Hannifin in a report on Friday, August 29th. Fifteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $911.65.

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.