Vega Investment Solutions Invests $1.19 Million in Parker-Hannifin Corporation $PH

Vega Investment Solutions bought a new position in shares of Parker-Hannifin Corporation (NYSE:PH) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,705 shares of the industrial products company’s stock, valued at approximately $1,191,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Natixis boosted its holdings in shares of Parker-Hannifin by 81.1% during the second quarter. Natixis now owns 7,405 shares of the industrial products company’s stock worth $5,172,000 after acquiring an additional 3,317 shares during the period. California Public Employees Retirement System boosted its stake in Parker-Hannifin by 6.6% in the 2nd quarter. California Public Employees Retirement System now owns 222,239 shares of the industrial products company’s stock valued at $155,227,000 after purchasing an additional 13,837 shares during the period. Cerity Partners LLC boosted its stake in Parker-Hannifin by 0.3% in the 2nd quarter. Cerity Partners LLC now owns 56,575 shares of the industrial products company’s stock valued at $39,519,000 after purchasing an additional 145 shares during the period. Jump Financial LLC acquired a new position in Parker-Hannifin in the 2nd quarter valued at $296,000. Finally, Rockport Wealth LLC bought a new position in Parker-Hannifin during the 2nd quarter worth $2,108,000. Institutional investors and hedge funds own 82.44% of the company’s stock.

Insider Buying and Selling

In other news, 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 transaction of $1,225,746.63. Following the completion of the transaction, the vice president directly owned 2,714 shares in the company, valued at approximately $2,315,014.86. This represents a 34.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Berend Bracht sold 3,507 shares of the stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $864.58, for a total value of $3,032,082.06. Following the completion of the transaction, the vice president owned 2,580 shares of the company’s stock, valued at $2,230,616.40. The trade was a 57.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.32% of the stock is owned by corporate insiders.

Parker-Hannifin Stock Up 0.7%

Shares of PH opened at $880.17 on Monday. The firm has a 50 day simple moving average of $795.38 and a two-hundred day simple moving average of $743.92. 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 one year low of $488.45 and a one year high of $882.00. The company has a market cap of $111.07 billion, a P/E ratio of 31.36, a P/E/G ratio of 3.06 and a beta of 1.25.

Parker-Hannifin (NYSE:PH) last posted 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. The company had revenue of $5.08 billion during 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%.Parker-Hannifin’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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. Research analysts forecast that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PH. BNP Paribas began coverage on shares of Parker-Hannifin in a research report on Thursday. They issued an “outperform” rating and a $1,020.00 target price for the company. KeyCorp increased their target price on shares of Parker-Hannifin from $825.00 to $935.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Robert W. Baird lifted their price target on shares of Parker-Hannifin from $930.00 to $960.00 and gave the company an “outperform” rating in a research report on Wednesday, November 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus dropped their price objective on Parker-Hannifin from $726.00 to $723.00 and set a “hold” rating for the company 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 company’s stock. According to MarketBeat.com, Parker-Hannifin currently has an average rating of “Moderate Buy” and a consensus target price of $875.65.

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.