Adage Capital Partners GP L.L.C. Sells 114,931 Shares of Parker-Hannifin Corporation $PH

Key Points

• Adage Capital Partners GP L.L.C. has reduced its stake in Parker-Hannifin Corporation by 49.5%, bringing its total shares down to 117,468, valued at approximately $71.4 million.
• Several large investors have adjusted their positions, with Flputnam Investment Management Co. increasing its stake by 111.9% and Nomura Holdings Inc. by 170.3% in the same quarter.
• Parker-Hannifin reported $7.69 earnings per share for the last quarter, exceeding analyst expectations and providing FY 2026 guidance of 28.400-29.400 EPS.

Adage Capital Partners GP L.L.C. lessened its holdings in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 49.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 117,468 shares of the industrial products company's stock after selling 114,931 shares during the period. Adage Capital Partners GP L.L.C. owned about 0.09% of Parker-Hannifin worth $71,403,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Brighton Jones LLC lifted its position in shares of Parker-Hannifin by 5.9% in the fourth quarter. Brighton Jones LLC now owns 1,808 shares of the industrial products company's stock worth $1,150,000 after buying an additional 101 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its position in shares of Parker-Hannifin by 0.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 7,259 shares of the industrial products company's stock worth $4,617,000 after buying an additional 55 shares during the last quarter. Bison Wealth LLC raised its holdings in Parker-Hannifin by 4.5% in the 4th quarter. Bison Wealth LLC now owns 749 shares of the industrial products company's stock worth $476,000 after acquiring an additional 32 shares during the period. Aptus Capital Advisors LLC raised its holdings in Parker-Hannifin by 10.6% in the 4th quarter. Aptus Capital Advisors LLC now owns 718 shares of the industrial products company's stock worth $457,000 after acquiring an additional 69 shares during the period. Finally, Benjamin Edwards Inc. raised its holdings in Parker-Hannifin by 4.2% in the 4th quarter. Benjamin Edwards Inc. now owns 4,105 shares of the industrial products company's stock worth $2,611,000 after acquiring an additional 164 shares during the period. Institutional investors and hedge funds own 82.44% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on PH shares. Evercore ISI reissued an "outperform" rating on shares of Parker-Hannifin in a research report on Tuesday, August 19th. Morgan Stanley boosted their price objective on Parker-Hannifin from $700.00 to $725.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 9th. Citigroup reissued a "buy" rating and set a $831.00 price objective (up previously from $709.00) on shares of Parker-Hannifin in a research report on Monday, July 14th. Wall Street Zen cut Parker-Hannifin from a "buy" rating to a "hold" rating in a research report on Sunday. Finally, Wells Fargo & Company boosted their price objective on Parker-Hannifin from $770.00 to $800.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Thirteen 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.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $770.94.

Parker-Hannifin Price Performance

Shares of Parker-Hannifin stock traded up $1.67 during trading on Friday, hitting $758.63. 520,224 shares of the company's stock traded hands, compared to its average volume of 616,179. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71. The firm's fifty day moving average price is $731.05 and its 200 day moving average price is $665.13. Parker-Hannifin Corporation has a twelve month low of $488.45 and a twelve month high of $773.30. The company has a market cap of $96.94 billion, a PE ratio of 27.97, a PEG ratio of 3.14 and a beta of 1.35.

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

Parker-Hannifin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd will be issued a $1.80 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.9%. Parker-Hannifin's dividend payout ratio is presently 26.55%.

Insiders Place Their Bets

In other news, EVP Joseph R. Leonti sold 4,625 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $750.84, for a total value of $3,472,635.00. Following the completion of the transaction, the executive vice president directly owned 13,878 shares of the company's stock, valued at approximately $10,420,157.52. This represents a 25.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Andrew D. Ross sold 4,361 shares of the business's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $732.66, for a total value of $3,195,130.26. Following the completion of the transaction, the chief operating officer directly owned 13,120 shares in the company, valued at approximately $9,612,499.20. This represents a 24.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,039 shares of company stock worth $10,356,566 in the last 90 days. 0.39% of the stock is owned by corporate 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.