Parker-Hannifin Corporation $PH Position Increased by UniSuper Management Pty Ltd

Key Points

• UniSuper Management Pty Ltd has increased its stake in Parker-Hannifin Corporation by 6.9% in the first quarter, bringing its total ownership to 9,337 shares worth approximately $5.68 million.
• Several other institutional investors, including Vanguard Group and Price T Rowe Associates, also increased their positions in Parker-Hannifin, with Price T Rowe raising its stake by 52.6%.
• Parker-Hannifin recently reported an EPS of $7.69 for the quarter, exceeding expectations, and has set its FY 2026 guidance between 28.400-29.400 EPS.

UniSuper Management Pty Ltd raised its position in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 6.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,337 shares of the industrial products company's stock after buying an additional 605 shares during the quarter. UniSuper Management Pty Ltd's holdings in Parker-Hannifin were worth $5,675,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Parker-Hannifin by 1.6% in the first quarter. Vanguard Group Inc. now owns 11,023,764 shares of the industrial products company's stock worth $6,700,795,000 after buying an additional 168,990 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Parker-Hannifin by 52.6% in 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 last quarter. Royal Bank of Canada increased its holdings in Parker-Hannifin by 99.8% in 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 last quarter. Wellington Management Group LLP increased its holdings in Parker-Hannifin by 11.6% in the first quarter. Wellington Management Group LLP now owns 2,009,250 shares of the industrial products company's stock worth $1,221,323,000 after buying an additional 208,573 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Parker-Hannifin by 66,111.8% in 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 buying an additional 1,732,791 shares during the last quarter. 82.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on PH. Evercore ISI reiterated an "outperform" rating on shares of Parker-Hannifin in a report on Tuesday, August 19th. Raymond James Financial increased their price target on Parker-Hannifin from $735.00 to $845.00 and gave the company an "outperform" rating in a report on Friday, August 8th. KeyCorp increased their price target on Parker-Hannifin from $790.00 to $810.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Citigroup reiterated a "buy" rating and set a $831.00 price target (up previously from $709.00) on shares of Parker-Hannifin in a report on Monday, July 14th. Finally, Barclays increased their price target on Parker-Hannifin from $750.00 to $776.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Thirteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Parker-Hannifin has an average rating of "Moderate Buy" and a consensus price target of $770.94.

Parker-Hannifin Stock Up 0.2%

Shares of PH stock opened at $758.63 on Monday. The stock has a market cap of $96.94 billion, a P/E ratio of 27.97, a price-to-earnings-growth ratio of 3.14 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 stock has a fifty day moving average price of $731.05 and a 200 day moving average price of $664.92. 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 issued its earnings results on Thursday, August 7th. The industrial products company reported $7.69 EPS for the quarter, topping the consensus estimate of $7.08 by $0.61. The firm had revenue of $5.24 billion during 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% compared to the same quarter last year. During the same period last year, the business earned $6.77 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Analysts predict that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors 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 0.9%. The ex-dividend date is Tuesday, September 2nd. Parker-Hannifin's dividend payout ratio (DPR) is presently 26.55%.

Insider Transactions at Parker-Hannifin

In related news, VP Robert W. Malone sold 2,257 shares of Parker-Hannifin stock in a transaction dated 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 completion of the sale, the vice president directly owned 5,866 shares in the company, valued at $4,286,051.56. This trade represents a 27.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Angela R. Ives sold 810 shares of the business's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $727.36, for a total value of $589,161.60. Following the transaction, the vice president owned 2,798 shares of the company's stock, valued at $2,035,153.28. The trade was a 22.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,039 shares of company stock valued at $10,356,566. 0.39% of the stock is currently owned by insiders.

About Parker-Hannifin

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.

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