Federation des caisses Desjardins du Quebec Has $3.40 Million Stock Holdings in Parker-Hannifin Corporation $PH

Key Points

• Federation des caisses Desjardins du Quebec has reduced its stake in Parker-Hannifin Corporation by 14.7%, holding 5,585 shares worth $3,396,000 after selling 966 shares in the first quarter.
• The company reported a quarterly earnings per share (EPS) of $7.69, exceeding expectations of $7.08, and its revenue for the quarter was $5.24 billion, up 1.1% year-over-year.
• Parker-Hannifin announced a quarterly dividend of $1.80 per share, representing an annualized yield of 0.9%, with a payout ratio of 26.55%.

Federation des caisses Desjardins du Quebec lessened its stake in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 14.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,585 shares of the industrial products company's stock after selling 966 shares during the period. Federation des caisses Desjardins du Quebec's holdings in Parker-Hannifin were worth $3,396,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC raised its position in Parker-Hannifin by 66,111.8% during the first 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 shares of Parker-Hannifin in the first quarter valued at about $933,089,000. Royal Bank of Canada boosted its stake 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 worth $1,448,241,000 after buying an additional 1,137,564 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Parker-Hannifin by 52.6% during the first 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 during the period. Finally, OMERS ADMINISTRATION Corp boosted its stake in shares of Parker-Hannifin by 6,912.4% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 312,472 shares of the industrial products company's stock valued at $198,742,000 after purchasing an additional 308,016 shares during the period. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Joseph R. Leonti sold 4,625 shares of the firm's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $750.84, for a total value of $3,472,635.00. Following the sale, the executive vice president owned 13,878 shares in the company, valued at approximately $10,420,157.52. This trade represents a 25.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Angela R. Ives sold 810 shares of the company's 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 completion of the transaction, the vice president directly owned 2,798 shares of the company's stock, valued at approximately $2,035,153.28. This trade represents a 22.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,039 shares of company stock valued at $10,356,566 in the last three months. Company insiders own 0.39% of the company's stock.

Parker-Hannifin Stock Performance

PH stock traded up $5.76 during mid-day trading on Wednesday, reaching $761.00. The company had a trading volume of 305,385 shares, compared to its average volume of 738,810. The stock's 50-day simple moving average is $733.31 and its two-hundred day simple moving average is $666.19. The stock has a market capitalization of $97.24 billion, a P/E ratio of 28.08, a P/E/G ratio of 3.15 and a beta of 1.35. Parker-Hannifin Corporation has a one year low of $488.45 and a one year high of $773.30. 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 released its 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. The firm had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.10 billion. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.Parker-Hannifin's revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the company earned $6.77 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Research analysts anticipate that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd will be paid a $1.80 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.9%. Parker-Hannifin's dividend payout ratio is 26.55%.

Wall Street Analyst Weigh In

PH has been the topic of a number of research analyst reports. Mizuho set a $785.00 price objective on shares of Parker-Hannifin in a report on Friday, May 16th. Deutsche Bank Aktiengesellschaft cut shares of Parker-Hannifin from a "buy" rating to a "hold" rating and set a $809.00 price objective on the stock. in a research note on Thursday, September 4th. Wells Fargo & Company boosted their target price on shares of Parker-Hannifin from $770.00 to $800.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Citigroup reiterated a "buy" rating and issued a $831.00 price objective (up from $709.00) on shares of Parker-Hannifin in a research report on Monday, July 14th. Finally, KeyCorp boosted their price objective on shares of Parker-Hannifin from $790.00 to $810.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Thirteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Parker-Hannifin presently has an average rating of "Moderate Buy" and a consensus price target of $770.94.

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.