AustralianSuper Pty Ltd Sells 3,489 Shares of Parker-Hannifin Corporation $PH

AustralianSuper Pty Ltd cut its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 38.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,479 shares of the industrial products company’s stock after selling 3,489 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Parker-Hannifin were worth $3,827,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nuveen LLC acquired a new position in shares of Parker-Hannifin in the first quarter worth approximately $933,089,000. Price T Rowe Associates Inc. MD raised its holdings in Parker-Hannifin by 52.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,443,104 shares of the industrial products company’s stock worth $1,485,042,000 after purchasing an additional 842,262 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Parker-Hannifin by 11.6% in the 1st quarter. Wellington Management Group LLP now owns 2,009,250 shares of the industrial products company’s stock worth $1,221,323,000 after purchasing an additional 208,573 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Parker-Hannifin by 23.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 996,738 shares of the industrial products company’s stock valued at $605,867,000 after purchasing an additional 191,799 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Parker-Hannifin by 1.6% during the first quarter. Vanguard Group Inc. now owns 11,023,764 shares of the industrial products company’s stock worth $6,700,795,000 after buying an additional 168,990 shares during the period. Institutional investors and hedge funds own 82.44% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Stifel Nicolaus dropped their target price on shares of Parker-Hannifin from $726.00 to $723.00 and set a “hold” rating on the stock in a report on Monday, October 20th. Susquehanna began coverage on Parker-Hannifin in a research note on Friday, August 15th. They issued a “positive” rating and a $860.00 price objective on the stock. Citigroup raised their target price on Parker-Hannifin from $831.00 to $874.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Cowen reiterated a “hold” rating on shares of Parker-Hannifin in a report on Friday, August 29th. Finally, Wells Fargo & Company increased their price target on Parker-Hannifin from $800.00 to $840.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. Fourteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $789.67.

Parker-Hannifin Stock Up 0.4%

Shares of NYSE:PH opened at $775.02 on Tuesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19. Parker-Hannifin Corporation has a 52-week low of $488.45 and a 52-week high of $780.00. The business’s 50 day simple moving average is $752.41 and its two-hundred day simple moving average is $699.32. The firm has a market cap of $98.07 billion, a P/E ratio of 28.58, a PEG ratio of 3.19 and a beta of 1.35.

Parker-Hannifin (NYSE:PH) last issued its earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share for the quarter, topping analysts’ consensus estimates of $7.08 by $0.61. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The company had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same period in the prior year, the firm earned $6.77 earnings per share. Parker-Hannifin’s revenue for the quarter was up 1.1% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, research analysts forecast that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 7th will be paid a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, November 7th. Parker-Hannifin’s dividend payout ratio (DPR) is 26.55%.

Insider Activity

In other Parker-Hannifin news, VP Thomas C. Gentile sold 1,133 shares of Parker-Hannifin stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $729.50, for a total transaction of $826,523.50. Following the completion of the transaction, the vice president owned 5,465 shares in the company, valued at approximately $3,986,717.50. The trade was a 17.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert W. Malone sold 2,257 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $730.66, for a total value of $1,649,099.62. Following the sale, the vice president directly owned 5,866 shares of the company’s stock, valued at $4,286,051.56. This represents a 27.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,039 shares of company stock valued at $10,356,566. 0.32% of the stock is currently owned by insiders.

About Parker-Hannifin

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.