BNP Paribas Financial Markets Sells 39,747 Shares of Parker-Hannifin Corporation $PH

Key Points

• BNP Paribas Financial Markets has decreased its stake in Parker-Hannifin Corporation by 15.2%, now owning 221,061 shares valued at approximately $134.37 million after selling 39,747 shares in the first quarter.
• Parker-Hannifin reported an EPS of $7.69 for the last quarter, surpassing expectations and showing a 1.1% increase in revenue compared to the same period last year.
• The company recently declared a $1.80 quarterly dividend, with a yield of 0.9%, indicating a dividend payout ratio of 26.55%.

BNP Paribas Financial Markets lowered its position in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 15.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 221,061 shares of the industrial products company's stock after selling 39,747 shares during the period. BNP Paribas Financial Markets owned 0.17% of Parker-Hannifin worth $134,372,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of PH. Wealth Preservation Advisors LLC bought a new position in shares of Parker-Hannifin during the first quarter worth about $27,000. Mpwm Advisory Solutions LLC bought a new position in Parker-Hannifin in the 4th quarter valued at about $32,000. Olde Wealth Management LLC bought a new position in Parker-Hannifin in the 1st quarter valued at about $35,000. Chilton Capital Management LLC grew its position in Parker-Hannifin by 1,500.0% in the 1st quarter. Chilton Capital Management LLC now owns 64 shares of the industrial products company's stock valued at $39,000 after buying an additional 60 shares in the last quarter. Finally, Accent Capital Management LLC bought a new position in Parker-Hannifin in the 1st quarter valued at about $41,000. Institutional investors own 82.44% of the company's stock.

Parker-Hannifin Stock Down 0.9%

Shares of NYSE PH traded down $7.08 during mid-day trading on Friday, reaching $759.76. The company had a trading volume of 890,872 shares, compared to its average volume of 791,841. The stock has a fifty day moving average of $723.76 and a two-hundred day moving average of $662.96. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19. The company has a market capitalization of $97.08 billion, a price-to-earnings ratio of 28.01, a PEG ratio of 3.15 and a beta of 1.35. Parker-Hannifin Corporation has a 12-month low of $488.45 and a 12-month high of $773.30.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.08 by $0.61. The business had revenue of $5.24 billion during 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%. The firm's revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.77 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, equities research analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $1.80 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $7.20 dividend on an annualized basis and a yield of 0.9%. Parker-Hannifin's payout ratio is currently 26.55%.

Insider Activity

In other Parker-Hannifin news, VP Matthew A. Jacobson sold 575 shares of Parker-Hannifin stock in a transaction on Friday, August 8th. The shares were sold at an average price of $733.06, for a total transaction of $421,509.50. Following the sale, the vice president owned 1,000 shares in the company, valued at $733,060. The trade was a 36.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Joseph R. Leonti sold 4,625 shares of Parker-Hannifin stock in a transaction on Monday, August 25th. The shares were sold at an average price of $750.84, for a total value of $3,472,635.00. Following the transaction, the executive vice president directly owned 13,878 shares of the company's stock, valued at approximately $10,420,157.52. The trade was a 25.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,039 shares of company stock valued at $10,356,566. 0.39% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have commented on the stock. Wall Street Zen raised shares of Parker-Hannifin from a "hold" rating to a "buy" rating in a research note on Saturday. Mizuho set a $785.00 target price on shares of Parker-Hannifin in a report on Friday, May 16th. Citigroup reiterated a "buy" rating and issued a $831.00 target price (up from $709.00) on shares of Parker-Hannifin in a report on Monday, July 14th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Parker-Hannifin in a report on Friday, August 8th. Finally, Barclays raised their target price on shares of Parker-Hannifin from $750.00 to $776.00 and gave the stock an "overweight" rating in a report 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. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $768.71.

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.