B. Metzler seel. Sohn & Co. AG Has $88.94 Million Stock Position in Parker-Hannifin Corporation $PH

Key Points

• B. Metzler seel. Sohn & Co. AG increased its position in Parker-Hannifin Corporation by an impressive 1,425.9% in Q1, now owning about $88.94 million worth of stock.
• The company recently reported earnings of $7.69 per share, exceeding expectations, with revenues of $5.24 billion for the quarter.
• Parker-Hannifin declared a quarterly dividend of $1.80 per share, reflecting a 0.9% yield, with the payout ratio currently at 26.55%.

B. Metzler seel. Sohn & Co. AG lifted its position in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 1,425.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 146,314 shares of the industrial products company's stock after buying an additional 136,725 shares during the quarter. Parker-Hannifin comprises approximately 0.9% of B. Metzler seel. Sohn & Co. AG's holdings, making the stock its 24th largest position. B. Metzler seel. Sohn & Co. AG owned 0.11% of Parker-Hannifin worth $88,937,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Silvant Capital Management LLC increased its position in Parker-Hannifin by 1,343.3% during the first quarter. Silvant Capital Management LLC now owns 1,833 shares of the industrial products company's stock worth $1,114,000 after acquiring an additional 1,706 shares during the period. CreativeOne Wealth LLC increased its position in Parker-Hannifin by 8.1% during the first quarter. CreativeOne Wealth LLC now owns 1,207 shares of the industrial products company's stock worth $734,000 after acquiring an additional 90 shares during the period. Samalin Investment Counsel LLC increased its position in Parker-Hannifin by 18.1% during the first quarter. Samalin Investment Counsel LLC now owns 562 shares of the industrial products company's stock worth $342,000 after acquiring an additional 86 shares during the period. Ceredex Value Advisors LLC increased its position in Parker-Hannifin by 65.9% during the first quarter. Ceredex Value Advisors LLC now owns 125,493 shares of the industrial products company's stock worth $76,281,000 after acquiring an additional 49,828 shares during the period. Finally, Harvest Portfolios Group Inc. increased its position in Parker-Hannifin by 16.6% during the first quarter. Harvest Portfolios Group Inc. now owns 2,822 shares of the industrial products company's stock worth $1,715,000 after acquiring an additional 402 shares during the period. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Parker-Hannifin

In other news, VP Angela R. Ives sold 810 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $727.36, for a total transaction of $589,161.60. Following the completion of the transaction, the vice president directly owned 2,798 shares in the company, valued at $2,035,153.28. This represents a 22.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Thomas C. Gentile sold 1,133 shares of the stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $729.50, for a total transaction of $826,523.50. Following the transaction, the vice president owned 5,465 shares of the company's stock, valued at approximately $3,986,717.50. This represents a 17.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,414 shares of company stock valued at $6,883,931 over the last 90 days. Insiders own 0.39% of the company's stock.

Parker-Hannifin Price Performance

Shares of PH opened at $761.57 on Wednesday. The stock has a market cap of $97.31 billion, a P/E ratio of 28.08, a price-to-earnings-growth ratio of 3.11 and a beta of 1.37. 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 price is $716.99 and its two-hundred day moving average price is $661.40. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $763.99.

Parker-Hannifin (NYSE:PH - Get Free Report) last released its quarterly earnings results 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. The company had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.10 billion. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.Parker-Hannifin's revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm posted $6.77 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. On average, equities 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 will be paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $1.80 per share. 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 (DPR) is currently 26.55%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PH. Evercore ISI restated an "outperform" rating on shares of Parker-Hannifin in a research note on Tuesday, August 19th. Citigroup restated a "buy" rating and issued a $831.00 price objective (up previously from $709.00) on shares of Parker-Hannifin in a research note on Monday, July 14th. Stifel Nicolaus boosted their target price on shares of Parker-Hannifin from $717.00 to $726.00 and gave the company a "hold" rating in a research note on Friday, August 8th. 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. Finally, Morgan Stanley boosted their target price on shares of Parker-Hannifin from $700.00 to $725.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 9th. Fourteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.

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