Assenagon Asset Management S.A. Decreases Holdings in Parker-Hannifin Corporation $PH

Key Points

• Assenagon Asset Management cut its Parker-Hannifin stake by 39.4% in the second quarter, selling 134,243 shares and retaining 206,484 shares worth approximately $202 million. Institutional investors own 82.44% of the company.
• Parker-Hannifin reported a strong quarter, with revenue rising 9.8% year over year to $5.75 billion and EPS of $9.27, exceeding analyst expectations. Management forecast fiscal 2027 adjusted EPS of $34.25–$35.25.
• Analysts remain broadly positive, with 18 Buy ratings and four Holds producing a “Moderate Buy” consensus and average price target of $1,027.38, though the stock’s elevated valuation and some below-consensus revenue guidance present risks.

Assenagon Asset Management S.A. lowered its stake in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 39.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 206,484 shares of the industrial products company's stock after selling 134,243 shares during the period. Assenagon Asset Management S.A. owned approximately 0.16% of Parker-Hannifin worth $201,966,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. HFM Investment Advisors LLC lifted its stake in shares of Parker-Hannifin by 1,000.0% in the 4th quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 30 shares during the last quarter. Texas Capital Bancshares Inc TX bought a new position in shares of Parker-Hannifin during the 3rd quarter valued at approximately $25,000. Lloyd Advisory Services LLC. purchased a new stake in Parker-Hannifin during the 4th quarter valued at $31,000. NFSG Corp lifted its position in Parker-Hannifin by 94.4% in the first quarter. NFSG Corp now owns 35 shares of the industrial products company's stock worth $31,000 after buying an additional 17 shares during the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC lifted its position in Parker-Hannifin by 80.0% in the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company's stock worth $32,000 after buying an additional 16 shares during the last quarter. 82.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on PH. Sanford C. Bernstein reiterated an "outperform" rating and set a $1,037.00 price objective on shares of Parker-Hannifin in a research report on Thursday, July 16th. Stifel Nicolaus raised their target price on shares of Parker-Hannifin from $965.00 to $1,000.00 and gave the stock a "hold" rating in a report on Friday, April 10th. JPMorgan Chase & Co. dropped their price target on shares of Parker-Hannifin from $1,100.00 to $1,060.00 and set an "overweight" rating for the company in a research note on Thursday, May 7th. Weiss Ratings reiterated a "buy (b)" rating on shares of Parker-Hannifin in a report on Friday, July 17th. Finally, Mizuho set a $1,050.00 price objective on shares of Parker-Hannifin in a research report on Friday, May 1st. Eighteen investment 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 company presently has an average rating of "Moderate Buy" and an average price target of $1,027.38.

Parker-Hannifin Stock Performance

Shares of Parker-Hannifin stock opened at $1,071.30 on Friday. The company has a quick ratio of 0.66, a current ratio of 1.13 and a debt-to-equity ratio of 0.46. The stock's fifty day moving average is $945.98 and its two-hundred day moving average is $940.22. Parker-Hannifin Corporation has a 52 week low of $708.18 and a 52 week high of $1,099.94. The company has a market capitalization of $135.08 billion, a PE ratio of 39.52, a price-to-earnings-growth ratio of 2.67 and a beta of 1.12.

Parker-Hannifin (NYSE:PH - Get Free Report) last released its earnings results on Thursday, August 6th. The industrial products company reported $9.27 earnings per share for the quarter, topping the consensus estimate of $8.26 by $1.01. The business had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.57 billion. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The business's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the company earned $7.69 earnings per share. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. As a group, analysts expect that Parker-Hannifin Corporation will post 31.25 earnings per share for the current year.

Key Parker-Hannifin News

Here are the key news stories impacting Parker-Hannifin this week:

• Positive Sentiment: Quarterly results exceeded expectations: Fiscal fourth-quarter sales rose 9.8% year over year to approximately $5.8 billion, while adjusted EPS increased 21% to a record $9.27, topping analyst estimates near $8.26–$8.29. Parker Reports Record Fiscal 2026 Fourth Quarter and Full Year Results
• Positive Sentiment: Broad operating momentum supported the beat: Organic sales grew 8%, adjusted segment operating margin expanded, and strength in aerospace and industrial markets helped drive record results. Total backlog reached $12.8 billion, including an $8.5 billion aerospace backlog. PH Q4 Earnings Beat Estimates on Aerospace and Industrial Growth
• Positive Sentiment: Fiscal 2027 guidance pointed to another record year: Parker-Hannifin forecast adjusted EPS of $34.25 to $35.25, slightly above the roughly $34.09 consensus, alongside reported and organic sales growth of 5.5% to 8.5%. Management also raised its long-term adjusted segment operating margin target to 30% by fiscal 2031. Parker-Hannifin Q4 2026 Earnings Call Transcript
• Neutral Sentiment: The company completed its Curtis Instruments acquisition and announced agreements to acquire Filtration Group and CIRCOR’s aerospace business. The transactions could expand Parker’s portfolio but also introduce integration and execution considerations.
• Negative Sentiment: Fiscal 2027 revenue guidance of approximately $20.9 billion to $21.5 billion was below one reported consensus estimate of $22.7 billion. In addition, PH’s valuation is elevated, its median analyst target is about $1,060, and reported insider activity showed selling rather than purchases.

Parker-Hannifin Company Profile

Parker-Hannifin Corporation NYSE: PH is a global manufacturer and provider of motion and control technologies and systems. The company designs, manufactures and services a broad range of engineered components and systems used to control the movement and flow of liquids, gases and hydraulic power. Its product portfolio is applied across demanding environments and includes solutions for industrial manufacturing, aerospace, mobile equipment and other engineered applications.

Parker-Hannifin's product and service offerings span hydraulic and pneumatic components, fittings and fluid connectors, valves, pumps and motors, electromechanical actuators and motion-control systems, filtration and separation products, and seals and sealing systems.

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