Vanguard Personalized Indexing Management LLC Boosts Stock Position in Parker-Hannifin Corporation $PH

Vanguard Personalized Indexing Management LLC raised its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 4.6% in the third quarter, HoldingsChannel reports. The firm owned 18,269 shares of the industrial products company’s stock after buying an additional 808 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Parker-Hannifin were worth $13,856,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of PH. Procyon Advisors LLC lifted its stake in Parker-Hannifin by 158,565.9% in the third quarter. Procyon Advisors LLC now owns 5,069,374 shares of the industrial products company’s stock worth $3,843,346,000 after acquiring an additional 5,066,179 shares during the period. Norges Bank bought a new stake in shares of Parker-Hannifin during the 2nd quarter valued at about $1,352,509,000. Canada Pension Plan Investment Board increased its position in shares of Parker-Hannifin by 115.7% during the second quarter. Canada Pension Plan Investment Board now owns 367,904 shares of the industrial products company’s stock valued at $256,970,000 after buying an additional 197,317 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of Parker-Hannifin by 9.1% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,639,582 shares of the industrial products company’s stock valued at $1,145,199,000 after buying an additional 136,359 shares during the period. Finally, Lazard Freres Gestion S.A.S. bought a new position in Parker-Hannifin in the third quarter worth about $103,284,000. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Trading Down 1.2%

Shares of NYSE PH opened at $927.58 on Monday. The firm’s 50 day moving average price is $886.56 and its 200-day moving average price is $799.88. Parker-Hannifin Corporation has a 52-week low of $488.45 and a 52-week high of $954.30. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.61 and a current ratio of 1.07. The company has a market cap of $117.05 billion, a PE ratio of 33.05, a P/E/G ratio of 3.23 and a beta of 1.25.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings data on Thursday, November 6th. The industrial products company reported $7.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.62 by $0.60. The business had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $4.94 billion. Parker-Hannifin had a return on equity of 27.23% and a net margin of 18.17%.The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm posted $6.20 EPS. 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 research analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Friday, February 6th will be issued a $1.80 dividend. The ex-dividend date of this dividend is Friday, February 6th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.8%. Parker-Hannifin’s dividend payout ratio (DPR) is presently 25.65%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Mizuho lifted their price target on Parker-Hannifin from $800.00 to $825.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. The Goldman Sachs Group upped their target price on shares of Parker-Hannifin from $900.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. Stifel Nicolaus increased their price target on shares of Parker-Hannifin from $869.00 to $941.00 and gave the stock a “hold” rating in a research note on Friday. Truist Financial boosted their price objective on shares of Parker-Hannifin from $977.00 to $1,097.00 and gave the stock a “buy” rating in a research note on Thursday, December 18th. Finally, Morgan Stanley reaffirmed a “positive” rating on shares of Parker-Hannifin in a research note on Wednesday, January 14th. Seventeen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $950.17.

Insider Buying and Selling at Parker-Hannifin

In related news, 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 transaction of $1,225,746.63. Following the transaction, the vice president directly owned 2,714 shares in the company, valued at approximately $2,315,014.86. The trade was a 34.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Andrew D. Ross sold 2,488 shares of the company’s stock in a transaction dated 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 sale, the chief operating officer owned 13,120 shares of the company’s stock, valued at approximately $11,739,907.20. The trade was a 15.94% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 7,432 shares of company stock valued at $6,484,116. Insiders own 0.32% of the company’s stock.

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.