Amundi Sells 32,185 Shares of Parker-Hannifin Corporation $PH

Key Points

• Amundi has reduced its holdings in Parker-Hannifin Corporation by 6.0%, now owning approximately 501,392 shares valued at $279,125,000.
• GAMMA Investing LLC significantly increased its stake in Parker-Hannifin by 66,111.8%, now owning over 1.7 million shares worth approximately $1.05 billion.
• Parker-Hannifin reported earnings per share of $7.69 for the last quarter, exceeding analysts' expectations of $7.08.

Amundi trimmed its holdings in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 6.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 501,392 shares of the industrial products company's stock after selling 32,185 shares during the period. Amundi owned 0.39% of Parker-Hannifin worth $279,125,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Wealth Preservation Advisors LLC acquired a new stake in shares of Parker-Hannifin in the first quarter valued at approximately $27,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Parker-Hannifin in the fourth quarter valued at approximately $32,000. Saudi Central Bank acquired a new stake in shares of Parker-Hannifin in the first quarter valued at approximately $31,000. Olde Wealth Management LLC acquired a new stake in shares of Parker-Hannifin in the first quarter valued at approximately $35,000. Finally, Chilton Capital Management LLC lifted its position in shares of Parker-Hannifin by 1,500.0% in the first quarter. Chilton Capital Management LLC now owns 64 shares of the industrial products company's stock valued at $39,000 after buying an additional 60 shares during the last quarter. 82.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PH. Wells Fargo & Company boosted 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. Morgan Stanley boosted 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. Mizuho set a $785.00 price target on Parker-Hannifin in a research note on Friday, May 16th. Susquehanna began coverage on Parker-Hannifin in a research note on Friday, August 15th. They issued a "positive" rating and a $860.00 price target for the company. Finally, Raymond James Financial boosted 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. Thirteen investment 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, Parker-Hannifin has a consensus rating of "Moderate Buy" and an average target price of $770.94.

Insider Buying and Selling

In other news, VP Thomas C. Gentile sold 1,133 shares of Parker-Hannifin stock in a transaction on 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. This trade represents a 17.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Joseph R. Leonti sold 4,625 shares of Parker-Hannifin stock in a transaction on Monday, August 25th. The shares were 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 owned 13,878 shares in the company, valued at approximately $10,420,157.52. The trade was a 25.00% 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 worth $10,356,566. 0.39% of the stock is owned by company insiders.

Parker-Hannifin Price Performance

Parker-Hannifin stock traded up $1.67 during mid-day trading on Friday, reaching $758.63. 520,224 shares of the company were exchanged, compared to its average volume of 616,179. The company has a fifty day simple moving average of $731.05 and a 200-day simple moving average of $665.13. Parker-Hannifin Corporation has a 12 month low of $488.45 and a 12 month high of $773.30. 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 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 posted its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 EPS 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 firm had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same quarter last year, the company earned $6.77 EPS. The company'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. As a group, equities research analysts expect that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

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

Parker-Hannifin Profile

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.