UniSuper Management Pty Ltd Grows Stock Position in Parker-Hannifin Corporation $PH

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 boosted its stake in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 6.9% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 9,337 shares of the industrial products company's stock after purchasing an additional 605 shares during the period. UniSuper Management Pty Ltd's holdings in Parker-Hannifin were worth $5,675,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealth Preservation Advisors LLC acquired a new stake in Parker-Hannifin during the 1st quarter worth about $27,000. Mpwm Advisory Solutions LLC acquired a new stake in Parker-Hannifin during the 4th quarter worth about $32,000. Saudi Central Bank acquired a new stake in Parker-Hannifin during the 1st quarter worth about $31,000. Olde Wealth Management LLC acquired a new stake in Parker-Hannifin during the 1st quarter worth about $35,000. Finally, Chilton Capital Management LLC grew its position in shares of Parker-Hannifin by 1,500.0% during the 1st 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. 82.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PH has been the topic of a number of analyst reports. Citigroup restated a "buy" rating and set a $831.00 target price (up from $709.00) on shares of Parker-Hannifin in a research report on Monday, July 14th. Cowen restated a "hold" rating on shares of Parker-Hannifin in a research report on Friday, August 29th. Wall Street Zen cut Parker-Hannifin from a "buy" rating to a "hold" rating in a research report on Sunday, September 7th. 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 research report on Friday, August 8th. Finally, Deutsche Bank Aktiengesellschaft cut Parker-Hannifin from a "buy" rating to a "hold" rating and set a $809.00 target price on the stock. in a research report on Thursday, September 4th. Thirteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $770.94.

Parker-Hannifin Price Performance

PH traded down $9.59 during trading on Friday, reaching $760.08. The company's stock had a trading volume of 463,454 shares, compared to its average volume of 581,947. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 0.55. The firm has a fifty day simple moving average of $736.22 and a two-hundred day simple moving average of $668.41. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $779.77. The company has a market cap of $97.12 billion, a price-to-earnings ratio of 28.03, a PEG ratio of 3.19 and a beta of 1.35.

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. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The business had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same period last year, the company posted $6.77 EPS. The business's 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. As a group, analysts anticipate that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were paid a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, September 2nd. Parker-Hannifin's dividend payout ratio (DPR) is 26.55%.

Insiders Place Their Bets

In other Parker-Hannifin news, VP Angela R. Ives sold 810 shares of the firm'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 transaction, the vice president directly owned 2,798 shares of the company's stock, valued at $2,035,153.28. This trade represents a 22.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Andrew D. Ross sold 4,361 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $732.66, for a total transaction of $3,195,130.26. Following the completion of the transaction, the chief operating officer directly owned 13,120 shares in the company, valued at $9,612,499.20. This trade represents a 24.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,039 shares of company stock worth $10,356,566. 0.39% of the stock is currently owned by insiders.

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.