Blair William & Co. IL Purchases 3,983 Shares of Parker-Hannifin Corporation $PH

Key Points

• Blair William & Co. IL increased its stake in Parker-Hannifin by 17.7%, acquiring an additional 3,983 shares, bringing its total to 26,439 shares worth approximately $18.47 million.
• Institutional investors hold 82.44% of Parker-Hannifin's shares, indicating strong backing from large funds, including Vanguard Group and Price T Rowe Associates.
• Recent analyst reports have seen target prices for Parker-Hannifin raised significantly, with recommendations ranging from "outperform" to "buy", reflecting a bullish outlook for the company's growth.

Blair William & Co. IL grew its position in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 17.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,439 shares of the industrial products company's stock after purchasing an additional 3,983 shares during the quarter. Blair William & Co. IL's holdings in Parker-Hannifin were worth $18,467,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in Parker-Hannifin by 1.6% during the first quarter. Vanguard Group Inc. now owns 11,023,764 shares of the industrial products company's stock valued at $6,700,795,000 after acquiring an additional 168,990 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Parker-Hannifin by 52.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,443,104 shares of the industrial products company's stock valued at $1,485,042,000 after purchasing an additional 842,262 shares in the last quarter. Wellington Management Group LLP grew its stake in Parker-Hannifin by 11.6% during the first quarter. Wellington Management Group LLP now owns 2,009,250 shares of the industrial products company's stock worth $1,221,323,000 after purchasing an additional 208,573 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Parker-Hannifin by 0.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,594,347 shares of the industrial products company's stock worth $969,124,000 after purchasing an additional 11,815 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Parker-Hannifin in the first quarter valued at approximately $933,089,000. Institutional investors own 82.44% of the company's stock.

Insider Activity

In related news, VP Robert W. Malone sold 2,257 shares of the firm's stock in a transaction dated 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 transaction, the vice president directly owned 5,866 shares of the company's stock, valued at $4,286,051.56. This trade represents a 27.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Andrew D. Ross sold 4,361 shares of the company's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $732.66, for a total transaction of $3,195,130.26. Following the completion of the sale, the chief operating officer directly owned 13,120 shares of the company's stock, valued at $9,612,499.20. The trade was a 24.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,039 shares of company stock worth $10,356,566. Company insiders own 0.32% of the company's stock.

Wall Street Analysts Forecast Growth

PH has been the subject of several research analyst reports. Raymond James Financial lifted their price objective 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. Truist Financial raised their price target on shares of Parker-Hannifin from $822.00 to $910.00 and gave the stock a "buy" rating in a report on Wednesday. Wall Street Zen upgraded shares of Parker-Hannifin from a "hold" rating to a "buy" rating in a report on Saturday, September 20th. Weiss Ratings restated a "buy (b)" rating on shares of Parker-Hannifin in a research note on Wednesday. Finally, Citigroup boosted their target price on Parker-Hannifin from $831.00 to $874.00 and gave the company a "buy" rating in a research report on Thursday. Fourteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $786.78.

Parker-Hannifin Price Performance

Shares of NYSE PH opened at $716.31 on Friday. The stock has a market cap of $90.64 billion, a price-to-earnings ratio of 26.41, a PEG ratio of 3.06 and a beta of 1.35. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19. Parker-Hannifin Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $779.77. The firm's 50-day simple moving average is $748.97 and its 200 day simple moving average is $685.15.

Parker-Hannifin (NYSE:PH - Get Free Report) last issued 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. 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 during the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the prior year, the business posted $6.77 earnings per share. The company's quarterly revenue was up 1.1% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, research analysts anticipate that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $1.80 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $7.20 annualized dividend and a yield of 1.0%. Parker-Hannifin's dividend payout ratio (DPR) is 26.55%.

About Parker-Hannifin

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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