Dimensional Fund Advisors LP Has $423.08 Million Stock Position in Parker-Hannifin Corporation $PH

Key Points

• Dimensional Fund Advisors LP increased its holdings in Parker-Hannifin Corporation by 0.3%, owning approximately 696,145 shares valued at $423 million as of the last quarter.
• Insider sales have been notable, with Vice President Thomas C. Gentile and Robert W. Malone selling shares on August 8th, resulting in significant decreases in their ownership positions.
• Research analysts are optimistic about Parker-Hannifin's stock, with several firms raising target prices and giving it an overall "Moderate Buy" rating, averaging a price target of $768.71.

Dimensional Fund Advisors LP lifted its stake in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 0.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 696,145 shares of the industrial products company's stock after acquiring an additional 1,857 shares during the period. Dimensional Fund Advisors LP owned 0.54% of Parker-Hannifin worth $423,080,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in PH. Mpwm Advisory Solutions LLC acquired a new stake in shares of Parker-Hannifin during the fourth quarter valued at $32,000. Olde Wealth Management LLC acquired a new stake in shares of Parker-Hannifin during the first quarter valued at $35,000. Chilton Capital Management LLC boosted its stake in shares of Parker-Hannifin by 1,500.0% during 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 last quarter. Accent Capital Management LLC acquired a new stake in Parker-Hannifin in the 1st quarter worth about $41,000. Finally, Sierra Ocean LLC boosted its stake in Parker-Hannifin by 89.5% in the 1st quarter. Sierra Ocean LLC now owns 72 shares of the industrial products company's stock worth $44,000 after buying an additional 34 shares during the last quarter. Institutional investors and hedge funds own 82.44% of the company's stock.

Insider Buying and Selling

In other news, VP Thomas C. Gentile sold 1,133 shares of the business's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $729.50, for a total value of $826,523.50. Following the sale, the vice president 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Angela R. Ives sold 810 shares of the business's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $727.36, for a total value of $589,161.60. Following the completion of the sale, 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. In the last ninety days, insiders have sold 9,414 shares of company stock worth $6,883,931. 0.39% of the stock is owned by corporate insiders.

Parker-Hannifin Stock Performance

NYSE:PH traded down $10.9090 during midday trading on Thursday, reaching $732.0610. 142,099 shares of the company traded hands, compared to its average volume of 750,384. 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 Corporation has a twelve month low of $488.45 and a twelve month high of $763.99. The company has a fifty day moving average price of $709.74 and a 200 day moving average price of $659.97. The firm has a market capitalization of $93.54 billion, a price-to-earnings ratio of 27.01, a price-to-earnings-growth ratio of 3.09 and a beta of 1.37.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced 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. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The company had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.10 billion. During the same quarter in the previous year, the firm posted $6.77 EPS. The firm's quarterly revenue was up 1.1% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. On average, analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on PH shares. KeyCorp lifted their price objective on Parker-Hannifin from $790.00 to $810.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Raymond James Financial raised their target price on Parker-Hannifin from $735.00 to $845.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Argus set a $680.00 target price on Parker-Hannifin in a report on Tuesday, May 6th. Evercore ISI restated an "outperform" rating on shares of Parker-Hannifin in a report on Tuesday. Finally, Mizuho set a $785.00 price objective on Parker-Hannifin in a report 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $768.71.

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.