APG Asset Management N.V. Decreases Stake in Parker-Hannifin Corporation $PH

Key Points

• APG Asset Management N.V. has reduced its stake in Parker-Hannifin Corporation by 5.0%, now owning 85,252 shares valued at approximately $48 million.
• Parker-Hannifin's stock has increased by 2.6%, and the company reported $7.69 earnings per share for the last quarter, exceeding analysts' estimates of $7.08.
• The firm declared a quarterly dividend of $1.80 per share, representing a yield of 1.0% and a payout ratio of 26.55%.

APG Asset Management N.V. lessened its position in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 5.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 85,252 shares of the industrial products company's stock after selling 4,500 shares during the quarter. APG Asset Management N.V. owned 0.07% of Parker-Hannifin worth $47,973,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its position in Parker-Hannifin by 21.6% in the 1st quarter. Smartleaf Asset Management LLC now owns 1,577 shares of the industrial products company's stock valued at $949,000 after buying an additional 280 shares during the period. Bahl & Gaynor Inc. purchased a new position in shares of Parker-Hannifin in the 1st quarter worth approximately $25,242,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Parker-Hannifin by 4.3% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 63,815 shares of the industrial products company's stock worth $38,790,000 after buying an additional 2,618 shares during the last quarter. Haverford Trust Co grew its position in shares of Parker-Hannifin by 6.2% in the 1st quarter. Haverford Trust Co now owns 818 shares of the industrial products company's stock worth $497,000 after buying an additional 48 shares during the last quarter. Finally, Groupe la Francaise grew its position in shares of Parker-Hannifin by 82.6% in the 1st quarter. Groupe la Francaise now owns 13,504 shares of the industrial products company's stock worth $8,453,000 after buying an additional 6,107 shares during the last quarter. Institutional investors own 82.44% of the company's stock.

Insiders Place Their Bets

In other Parker-Hannifin news, EVP Joseph R. Leonti sold 4,625 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $750.84, for a total transaction of $3,472,635.00. Following the sale, the executive vice president owned 13,878 shares of the company's stock, valued at approximately $10,420,157.52. This trade represents a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert W. Malone sold 2,257 shares of Parker-Hannifin stock in a transaction on Friday, August 8th. The shares were sold at an average price of $730.66, for a total transaction of $1,649,099.62. Following the completion of the transaction, the vice president owned 5,866 shares in the company, valued at approximately $4,286,051.56. This trade represents a 27.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 14,039 shares of company stock worth $10,356,566. 0.39% of the stock is currently owned by insiders.

Parker-Hannifin Price Performance

NYSE:PH traded up $6.45 during trading hours on Wednesday, reaching $768.00. 636,493 shares of the company were exchanged, compared to its average volume of 750,980. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55. The stock's 50-day moving average is $716.99 and its 200-day moving average is $661.40. The firm has a market cap of $98.13 billion, a PE ratio of 28.32, a price-to-earnings-growth ratio of 3.11 and a beta of 1.37. Parker-Hannifin Corporation has a twelve month low of $488.45 and a twelve month high of $768.45.

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

Parker-Hannifin Announces Dividend

The company also recently disclosed 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. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Tuesday, September 2nd. Parker-Hannifin's dividend payout ratio (DPR) is presently 26.55%.

Wall Street Analyst Weigh In

Several analysts have recently commented on PH shares. Morgan Stanley upped their price objective on shares of Parker-Hannifin from $700.00 to $725.00 and gave the company an "equal weight" rating in a report on Wednesday, July 9th. Evercore ISI reaffirmed an "outperform" rating on shares of Parker-Hannifin in a report on Tuesday, August 19th. Citigroup reiterated a "buy" rating and issued a $831.00 target price (up from $709.00) on shares of Parker-Hannifin in a research note on Monday, July 14th. Raymond James Financial boosted their target price on shares of Parker-Hannifin from $735.00 to $845.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Finally, Barclays boosted their target price on shares of Parker-Hannifin from $750.00 to $776.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Fourteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $768.71.

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.