Groupe la Francaise Grows Stock Position in Parker-Hannifin Corporation $PH

Key Points

• Groupe la Francaise significantly increased its stake in Parker-Hannifin Corporation by 82.6%, now holding a total of 13,504 shares valued at approximately $8.45 million.
• Wall Street analysts are optimistic about Parker-Hannifin, with a consensus rating of "Moderate Buy" and an average price target of $768.71.
• The company recently announced a quarterly dividend of $1.80 per share, reflecting an annual yield of 1.0% and a payout ratio of 26.55%.

Groupe la Francaise raised its stake in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 82.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,504 shares of the industrial products company's stock after buying an additional 6,107 shares during the quarter. Groupe la Francaise's holdings in Parker-Hannifin were worth $8,453,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PH. GAMMA Investing LLC increased its holdings in Parker-Hannifin by 66,111.8% during the 1st quarter. GAMMA Investing LLC now owns 1,735,412 shares of the industrial products company's stock worth $1,054,870,000 after acquiring an additional 1,732,791 shares during the period. Nuveen LLC purchased a new stake in Parker-Hannifin in the first quarter valued at approximately $933,089,000. Royal Bank of Canada lifted its position in Parker-Hannifin by 99.8% during the fourth quarter. Royal Bank of Canada now owns 2,277,001 shares of the industrial products company's stock valued at $1,448,241,000 after purchasing an additional 1,137,564 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Parker-Hannifin by 52.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,443,104 shares of the industrial products company's stock worth $1,485,042,000 after buying an additional 842,262 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp increased its holdings in shares of Parker-Hannifin by 6,912.4% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 312,472 shares of the industrial products company's stock worth $198,742,000 after buying an additional 308,016 shares during the last quarter. 82.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Parker-Hannifin in a research report on Friday, August 8th. Argus set a $680.00 price objective on Parker-Hannifin in a research report on Tuesday, May 6th. KeyCorp boosted their target price on Parker-Hannifin from $790.00 to $810.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Citigroup reiterated a "buy" rating and set a $831.00 price target (up from $709.00) on shares of Parker-Hannifin in a research report on Monday, July 14th. Finally, Raymond James Financial upped 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. Fourteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $768.71.

Insiders Place Their Bets

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

Parker-Hannifin Trading Up 0.8%

Parker-Hannifin stock traded up $6.45 during trading hours on Wednesday, reaching $768.00. The stock had a trading volume of 635,992 shares, compared to its average volume of 750,973. The company has a fifty day simple moving average of $716.99 and a 200-day simple moving average of $661.40. Parker-Hannifin Corporation has a 52 week low of $488.45 and a 52 week high of $768.45. The stock has a market cap of $98.13 billion, a PE ratio of 28.32, a PEG ratio of 3.11 and a beta of 1.37. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.08 by $0.61. The company had revenue of $5.24 billion for the quarter, compared to analysts' expectations of $5.10 billion. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.Parker-Hannifin's quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the firm earned $6.77 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Analysts forecast that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders 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 0.9%. The ex-dividend date of this dividend is Tuesday, September 2nd. Parker-Hannifin's payout ratio is presently 26.55%.

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.