AG2R LA Mondiale Gestion D Actifs Invests $3.23 Million in Parker-Hannifin Corporation $PH

Key Points

• AG2R LA Mondiale Gestion D Actifs purchased 4,859 shares of Parker-Hannifin Corporation for approximately $3.23 million, indicating growing institutional interest in the company.
• Multiple hedge funds have significantly increased their stakes in Parker-Hannifin, with GAMMA Investing LLC boosting its holdings by 66,111.8% in the first quarter.
• Parker-Hannifin reported earnings of $7.69 per share for its last quarter, exceeding analyst expectations and demonstrating a 1.1% year-over-year revenue increase.

AG2R LA Mondiale Gestion D Actifs bought a new position in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 4,859 shares of the industrial products company's stock, valued at approximately $3,230,000.

Several other hedge funds and other institutional investors have also made changes to their positions in PH. Vanguard Group Inc. grew its stake in Parker-Hannifin by 1.6% during the 1st 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 last quarter. Price T Rowe Associates Inc. MD grew its stake 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 buying an additional 842,262 shares during the last quarter. Royal Bank of Canada grew its stake in Parker-Hannifin by 99.8% during the 4th quarter. Royal Bank of Canada now owns 2,277,001 shares of the industrial products company's stock worth $1,448,241,000 after buying an additional 1,137,564 shares during the last quarter. Wellington Management Group LLP grew its stake in Parker-Hannifin by 11.6% during 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 buying an additional 208,573 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in Parker-Hannifin by 66,111.8% during the 1st quarter. GAMMA Investing LLC now owns 1,735,412 shares of the industrial products company's stock worth $1,054,870,000 after buying an additional 1,732,791 shares during the last quarter. Institutional investors and hedge funds own 82.44% of the company's stock.

Parker-Hannifin Price Performance

Shares of NYSE PH traded up $1.47 during trading on Monday, reaching $760.25. The company had a trading volume of 544,489 shares, compared to its average volume of 569,299. The stock has a market capitalization of $97.14 billion, a PE ratio of 28.03, a price-to-earnings-growth ratio of 3.14 and a beta of 1.35. The stock has a 50-day moving average price of $737.30 and a two-hundred day moving average price of $669.13. Parker-Hannifin Corporation has a twelve month low of $488.45 and a twelve month high of $779.77. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55.

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

Parker-Hannifin Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were paid a $1.80 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $7.20 annualized dividend and a dividend yield of 0.9%. Parker-Hannifin's payout ratio is 26.55%.

Analysts Set New Price Targets

PH has been the topic of several analyst reports. KeyCorp lifted their target price on Parker-Hannifin from $790.00 to $810.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Morgan Stanley lifted their price target on Parker-Hannifin from $700.00 to $725.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 9th. Wells Fargo & Company lifted their price target on Parker-Hannifin from $770.00 to $800.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Raymond James Financial lifted their price target on Parker-Hannifin from $735.00 to $845.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Finally, Evercore ISI restated an "outperform" rating on shares of Parker-Hannifin in a research note on Tuesday, August 19th. Thirteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $770.94.

Insiders Place Their Bets

In related news, VP Thomas C. Gentile sold 1,133 shares of the business's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $729.50, for a total value of $826,523.50. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Andrew D. Ross sold 4,361 shares of the business's stock in a transaction dated 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 owned 13,120 shares in the company, valued at approximately $9,612,499.20. This trade represents a 24.95% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,039 shares of company stock valued at $10,356,566. Insiders own 0.39% of the company's stock.

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.