NEOS Investment Management LLC Boosts Stake in Parker-Hannifin Corporation $PH

Key Points

• NEOS Investment Management increased its Parker-Hannifin stake by 14% in the second quarter, bringing its holdings to 20,619 shares valued at approximately $20.2 million. Institutional investors collectively own 82.44% of the company.
• Parker-Hannifin reported quarterly earnings of $9.27 per share, exceeding estimates by $0.96, while revenue rose 9.8% year over year to $5.75 billion. The company issued fiscal 2027 EPS guidance of $34.25–$35.25.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $1,114.55 price target. Parker-Hannifin also declared a quarterly dividend of $2.00 per share, equivalent to an annualized yield of 0.8%.

NEOS Investment Management LLC boosted its holdings in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 14.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,619 shares of the industrial products company's stock after acquiring an additional 2,526 shares during the quarter. NEOS Investment Management LLC's holdings in Parker-Hannifin were worth $20,168,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Power Wealth Management LLC acquired a new position in shares of Parker-Hannifin during the 2nd quarter worth $439,000. Beacon Capital Management LLC purchased a new stake in Parker-Hannifin during the second quarter worth about $205,000. Continuum Advisory LLC boosted its holdings in Parker-Hannifin by 4.5% during the second quarter. Continuum Advisory LLC now owns 695 shares of the industrial products company's stock worth $680,000 after buying an additional 30 shares in the last quarter. Nykredit A S purchased a new position in Parker-Hannifin in the second quarter valued at about $51,636,000. Finally, B. Metzler seel. Sohn & Co. AG lifted its position in shares of Parker-Hannifin by 6.5% during the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 14,253 shares of the industrial products company's stock valued at $13,941,000 after acquiring an additional 871 shares during the period. Institutional investors and hedge funds own 82.44% of the company's stock.

Parker-Hannifin Trading Down 0.2%

Parker-Hannifin stock opened at $962.40 on Friday. The stock has a 50-day moving average price of $991.22 and a 200 day moving average price of $949.50. Parker-Hannifin Corporation has a 52 week low of $715.37 and a 52 week high of $1,099.94. The stock has a market cap of $121.31 billion, a PE ratio of 33.78, a P/E/G ratio of 2.64 and a beta of 1.13. The company has a current ratio of 1.26, a quick ratio of 0.74 and a debt-to-equity ratio of 0.44.

Parker-Hannifin (NYSE:PH - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The industrial products company reported $9.27 EPS for the quarter, topping analysts' consensus estimates of $8.31 by $0.96. The business had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.57 billion. Parker-Hannifin had a net margin of 16.97% and a return on equity of 28.48%. The company's quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $7.69 earnings per share. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. Equities research analysts predict that Parker-Hannifin Corporation will post 34.83 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Monday, August 31st will be given a $2.00 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.8%. Parker-Hannifin's payout ratio is currently 28.08%.

Analysts Set New Price Targets

PH has been the topic of several research reports. Sanford C. Bernstein upped their target price on Parker-Hannifin from $1,037.00 to $1,218.00 and gave the company an "outperform" rating in a report on Friday, August 14th. Wells Fargo & Company dropped their target price on shares of Parker-Hannifin from $980.00 to $950.00 and set an "overweight" rating for the company in a report on Tuesday, May 26th. BNP Paribas Exane restated an "outperform" rating and set a $1,220.00 target price (up from $1,090.00) on shares of Parker-Hannifin in a research report on Friday, August 7th. Wall Street Zen downgraded shares of Parker-Hannifin from a "buy" rating to a "hold" rating in a report on Saturday, August 22nd. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Parker-Hannifin in a research report on Friday, July 17th. Seventeen analysts have rated the stock with a Buy rating and two 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 $1,114.55.

Insider Transactions at Parker-Hannifin

In other Parker-Hannifin news, VP Berend Bracht sold 602 shares of the firm's stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $1,040.47, for a total value of $626,362.94. Following the sale, the vice president directly owned 4,399 shares of the company's stock, valued at approximately $4,577,027.53. This trade represents a 12.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.32% of the company's stock.

Parker-Hannifin Company Profile

Parker-Hannifin Corporation NYSE: PH is a global manufacturer and provider of motion and control technologies and systems. The company designs, manufactures and services a broad range of engineered components and systems used to control the movement and flow of liquids, gases and hydraulic power. Its product portfolio is applied across demanding environments and includes solutions for industrial manufacturing, aerospace, mobile equipment and other engineered applications.

Parker-Hannifin's product and service offerings span hydraulic and pneumatic components, fittings and fluid connectors, valves, pumps and motors, electromechanical actuators and motion-control systems, filtration and separation products, and seals and sealing systems.

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