QRG Capital Management Inc. Has $7.38 Million Stock Position in Parker-Hannifin Corporation $PH

QRG Capital Management Inc. cut its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 74.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,739 shares of the industrial products company’s stock after selling 28,883 shares during the quarter. QRG Capital Management Inc.’s holdings in Parker-Hannifin were worth $7,384,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in PH. Brighton Jones LLC boosted its position in shares of Parker-Hannifin by 5.9% during the 4th quarter. Brighton Jones LLC now owns 1,808 shares of the industrial products company’s stock valued at $1,150,000 after purchasing an additional 101 shares in the last quarter. Bison Wealth LLC grew its stake in shares of Parker-Hannifin by 4.5% in the 4th quarter. Bison Wealth LLC now owns 749 shares of the industrial products company’s stock valued at $476,000 after buying an additional 32 shares during the period. Empowered Funds LLC increased its position in Parker-Hannifin by 0.5% in the 1st quarter. Empowered Funds LLC now owns 2,894 shares of the industrial products company’s stock valued at $1,759,000 after buying an additional 15 shares in the last quarter. Acadian Asset Management LLC raised its stake in Parker-Hannifin by 26.2% during the 1st quarter. Acadian Asset Management LLC now owns 799 shares of the industrial products company’s stock worth $484,000 after buying an additional 166 shares during the period. Finally, Sivia Capital Partners LLC boosted its holdings in Parker-Hannifin by 3.6% in the second quarter. Sivia Capital Partners LLC now owns 430 shares of the industrial products company’s stock worth $300,000 after acquiring an additional 15 shares in the last quarter. 82.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on PH shares. Argus reaffirmed a “buy” rating and set a $900.00 price objective on shares of Parker-Hannifin in a report on Monday, November 10th. Robert W. Baird increased their target price on shares of Parker-Hannifin from $930.00 to $960.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 12th. Wells Fargo & Company raised their target price on Parker-Hannifin from $925.00 to $1,000.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 7th. Stifel Nicolaus raised their price target on Parker-Hannifin from $850.00 to $869.00 and gave the company a “hold” rating in a report on Tuesday, December 16th. Finally, Citigroup reiterated a “buy” rating on shares of Parker-Hannifin in a research report on Monday, January 12th. Seventeen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $946.17.

Insider Buying and Selling at Parker-Hannifin

In other news, COO Andrew D. Ross sold 2,488 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $894.81, for a total value of $2,226,287.28. Following the sale, the chief operating officer owned 13,120 shares of the company’s stock, valued at approximately $11,739,907.20. This represents a 15.94% decrease in their ownership of the stock. The sale 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 company’s 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 transaction, the vice president directly owned 2,714 shares in the company, valued at $2,315,014.86. This trade represents a 34.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 7,432 shares of company stock worth $6,484,116 over the last ninety days. Company insiders own 0.32% of the company’s stock.

Parker-Hannifin Price Performance

PH opened at $944.14 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.61 and a current ratio of 1.07. Parker-Hannifin Corporation has a 52-week low of $488.45 and a 52-week high of $950.00. The stock has a market capitalization of $119.14 billion, a P/E ratio of 33.64, a P/E/G ratio of 3.28 and a beta of 1.25. The company’s 50-day simple moving average is $877.39 and its two-hundred day simple moving average is $791.40.

Parker-Hannifin (NYSE:PH) last announced its earnings results on Thursday, November 6th. The industrial products company reported $7.22 EPS for the quarter, beating 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 business had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $4.94 billion. During the same period in the prior year, the company earned $6.20 earnings per share. The firm’s 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 and its FY 2026 guidance at 29.600-30.400 EPS. As a group, analysts predict that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 7th were paid 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 of this dividend was Friday, November 7th. Parker-Hannifin’s dividend payout ratio (DPR) is presently 25.65%.

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.