Credit Agricole S A lifted its stake in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 6.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,955 shares of the industrial products company's stock after acquiring an additional 2,433 shares during the period. Credit Agricole S A's holdings in Parker-Hannifin were worth $25,502,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in Parker-Hannifin by 5.9% during the fourth quarter. Brighton Jones LLC now owns 1,808 shares of the industrial products company's stock worth $1,150,000 after purchasing an additional 101 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in Parker-Hannifin by 0.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 7,259 shares of the industrial products company's stock worth $4,617,000 after purchasing an additional 55 shares during the last quarter. MML Investors Services LLC boosted its holdings in Parker-Hannifin by 3.1% during the fourth quarter. MML Investors Services LLC now owns 25,189 shares of the industrial products company's stock worth $16,021,000 after purchasing an additional 759 shares during the last quarter. TD Waterhouse Canada Inc. boosted its holdings in Parker-Hannifin by 5.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 19,707 shares of the industrial products company's stock worth $12,522,000 after purchasing an additional 934 shares during the last quarter. Finally, Stifel Financial Corp boosted its holdings in Parker-Hannifin by 0.3% during the fourth quarter. Stifel Financial Corp now owns 265,568 shares of the industrial products company's stock worth $168,930,000 after purchasing an additional 846 shares during the last quarter. Institutional investors own 82.44% of the company's stock.
Insider Buying and Selling at Parker-Hannifin
In related news, VP Thomas C. Gentile sold 1,133 shares of the firm's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $729.50, for a total transaction of $826,523.50. Following the transaction, the vice president directly owned 5,465 shares of the company's stock, valued at approximately $3,986,717.50. This trade represents a 17.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Andrew D. Ross sold 4,361 shares of the firm'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 transaction, the chief operating officer directly owned 13,120 shares in the company, valued at approximately $9,612,499.20. This represents a 24.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,414 shares of company stock valued at $6,883,931 in the last quarter. Company insiders own 0.39% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts recently commented on the stock. Morgan Stanley increased their target price on shares of Parker-Hannifin from $700.00 to $725.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 9th. Raymond James Financial increased their price target 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. Citigroup reiterated a "buy" rating and issued a $831.00 price target (up previously from $709.00) on shares of Parker-Hannifin in a research note on Monday, July 14th. Barclays increased their price target 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, Mizuho set a $785.00 price target on shares of Parker-Hannifin in a research note on Friday, May 16th. Fourteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $768.71.
Check Out Our Latest Analysis on PH
Parker-Hannifin Stock Performance
Shares of PH traded up $19.3280 during trading hours on Friday, hitting $752.3780. The company had a trading volume of 725,793 shares, compared to its average volume of 767,288. The firm has a market cap of $96.14 billion, a price-to-earnings ratio of 27.74, a PEG ratio of 3.04 and a beta of 1.37. The business has a fifty day moving average of $713.04 and a 200-day moving average of $660.65. Parker-Hannifin Corporation has a 12 month low of $488.45 and a 12 month high of $763.99. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 0.55.
Parker-Hannifin (NYSE:PH - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 earnings per share for the quarter, beating the consensus estimate 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 net margin of 17.79% and a return on equity of 26.80%. The company's revenue was up 1.1% on a year-over-year basis. 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. Equities analysts anticipate that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.
Parker-Hannifin Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Tuesday, September 2nd will be given a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, September 2nd. Parker-Hannifin's dividend payout ratio (DPR) is currently 26.55%.
Parker-Hannifin Company Profile
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Free Report)
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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