Parker-Hannifin Corporation $PH Stock Holdings Lifted by Korea Investment CORP

Key Points

• Korea Investment CORP increased its stake in Parker-Hannifin Corporation by 14.1%, owning 114,449 shares worth approximately $69.57 million after purchasing an additional 14,151 shares.
• Insider selling activity was noted as VP Thomas C. Gentile sold 1,133 shares valued at over $826,000, while the total insider sales for the last three months reached $6.88 million.
• Parker-Hannifin reported a strong quarterly earnings result, with an EPS of $7.69, exceeding estimates and generating revenue of $5.24 billion, up 1.1% year-over-year.

Korea Investment CORP raised its stake in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 14.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 114,449 shares of the industrial products company's stock after acquiring an additional 14,151 shares during the period. Korea Investment CORP owned 0.09% of Parker-Hannifin worth $69,568,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PH. Mpwm Advisory Solutions LLC acquired a new position in Parker-Hannifin in the fourth quarter valued at approximately $32,000. Olde Wealth Management LLC acquired a new position in Parker-Hannifin in the first quarter valued at approximately $35,000. Chilton Capital Management LLC boosted its stake in Parker-Hannifin by 1,500.0% in the first quarter. Chilton Capital Management LLC now owns 64 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 60 shares during the period. Accent Capital Management LLC acquired a new position in Parker-Hannifin in the first quarter valued at approximately $41,000. Finally, Sierra Ocean LLC boosted its stake in Parker-Hannifin by 89.5% in the first quarter. Sierra Ocean LLC now owns 72 shares of the industrial products company's stock valued at $44,000 after acquiring an additional 34 shares during the period. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on PH shares. Wells Fargo & Company boosted their price objective on Parker-Hannifin from $770.00 to $800.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Evercore ISI reiterated an "outperform" rating on shares of Parker-Hannifin in a research report on Tuesday. Stifel Nicolaus boosted their price objective on Parker-Hannifin from $717.00 to $726.00 and gave the stock a "hold" rating in a research report on Friday, August 8th. Morgan Stanley boosted their price objective on Parker-Hannifin from $700.00 to $725.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 9th. Finally, Mizuho set a $785.00 price objective on Parker-Hannifin in a research report on Friday, May 16th. Fourteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, Parker-Hannifin presently has a consensus rating of "Moderate Buy" and a consensus target price of $768.71.

Insider Transactions at Parker-Hannifin

In other Parker-Hannifin news, VP Robert W. Malone sold 2,257 shares of the company's 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 transaction, the vice president owned 5,866 shares of the company's stock, valued at approximately $4,286,051.56. This represents a 27.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Angela R. Ives sold 810 shares of the company's stock in a transaction 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 completion of the transaction, the vice president directly owned 2,798 shares in the company, valued at $2,035,153.28. This represents a 22.45% decrease in their position. 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 three months. 0.39% of the stock is owned by company insiders.

Parker-Hannifin Price Performance

PH traded up $19.3280 during trading on Friday, reaching $752.3780. The stock had a trading volume of 725,793 shares, compared to its average volume of 767,288. The firm has a market capitalization of $96.14 billion, a price-to-earnings ratio of 27.74, a price-to-earnings-growth ratio of 3.04 and a beta of 1.37. 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 Corporation has a 1-year low of $488.45 and a 1-year high of $763.99. The stock has a 50 day moving average of $713.04 and a two-hundred day moving average of $660.65.

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

Parker-Hannifin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd will be given a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Tuesday, September 2nd. Parker-Hannifin's dividend payout ratio is 26.55%.

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.