BI Asset Management Fondsmaeglerselskab A S Raises Stock Holdings in Parker-Hannifin Corporation $PH

Key Points

• BI Asset Management Fondsmaeglerselskab A S has increased its stake in Parker-Hannifin Corporation by 21.3%, owning a total of 9,912 shares valued at approximately $6,025,000.
• Insider selling has been observed, with VP Matthew A. Jacobson and VP Robert W. Malone selling shares, resulting in significant decreases in their ownership percentages.
• Analysts have raised their target prices for Parker-Hannifin, with Wells Fargo setting it at $800.00 and Raymond James at $845.00, reflecting strong expectations for the company's performance.

BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 21.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,912 shares of the industrial products company's stock after buying an additional 1,740 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Parker-Hannifin were worth $6,025,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC purchased a new stake in shares of Parker-Hannifin during the fourth quarter worth about $32,000. Olde Wealth Management LLC purchased a new position in Parker-Hannifin during the 1st quarter valued at about $35,000. Chilton Capital Management LLC raised its position in Parker-Hannifin by 1,500.0% during the 1st quarter. Chilton Capital Management LLC now owns 64 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 60 shares during the last quarter. Accent Capital Management LLC purchased a new stake in Parker-Hannifin in the 1st quarter worth approximately $41,000. Finally, Sierra Ocean LLC lifted its holdings in Parker-Hannifin by 89.5% in the 1st quarter. Sierra Ocean LLC now owns 72 shares of the industrial products company's stock worth $44,000 after buying an additional 34 shares during the period. Institutional investors own 82.44% of the company's stock.

Insider Transactions at Parker-Hannifin

In other Parker-Hannifin news, VP Matthew A. Jacobson sold 575 shares of the business's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $733.06, for a total value of $421,509.50. Following the sale, the vice president directly owned 1,000 shares of the company's stock, valued at approximately $733,060. The trade was a 36.51% 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, VP Robert W. Malone sold 2,257 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $730.66, for a total value of $1,649,099.62. Following the completion of the sale, the vice president directly owned 5,866 shares in the company, valued at approximately $4,286,051.56. This represents a 27.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,414 shares of company stock worth $6,883,931. Company insiders own 0.39% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PH. Wells Fargo & Company boosted their target price 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 shares of Parker-Hannifin from $735.00 to $845.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Susquehanna began coverage on shares of Parker-Hannifin in a report on Friday, August 15th. They issued a "positive" rating and a $860.00 price objective for the company. Argus set a $680.00 target price on shares of Parker-Hannifin in a research report on Tuesday, May 6th. Finally, Mizuho set a $785.00 target price on shares of Parker-Hannifin in a research note on Friday, May 16th. Fourteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $768.71.

Parker-Hannifin Stock Down 0.3%

NYSE:PH opened at $742.3190 on Thursday. 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's 50-day moving average price is $709.74 and its 200-day moving average price is $659.97. The company has a market capitalization of $94.85 billion, a PE ratio of 27.37, a P/E/G ratio of 3.09 and a beta of 1.37. 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 posted its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 EPS for the quarter, topping the consensus estimate of $7.08 by $0.61. The business had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.10 billion. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. Parker-Hannifin's quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous 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 EPS for the current fiscal year.

Parker-Hannifin Company 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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