Ceredex Value Advisors LLC raised its holdings in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 65.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,493 shares of the industrial products company's stock after purchasing an additional 49,828 shares during the quarter. Parker-Hannifin makes up 1.7% of Ceredex Value Advisors LLC's holdings, making the stock its 6th biggest position. Ceredex Value Advisors LLC owned about 0.10% of Parker-Hannifin worth $76,281,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC lifted its holdings in Parker-Hannifin by 27.2% during the 1st quarter. SG Americas Securities LLC now owns 31,011 shares of the industrial products company's stock valued at $18,850,000 after purchasing an additional 6,630 shares during the last quarter. Alley Investment Management Company LLC acquired a new stake in Parker-Hannifin during the 1st quarter valued at $7,996,000. Community Financial Services Group LLC lifted its holdings in Parker-Hannifin by 1,338.2% during the 1st quarter. Community Financial Services Group LLC now owns 6,630 shares of the industrial products company's stock valued at $4,030,000 after purchasing an additional 6,169 shares during the last quarter. Heartland Bank & Trust Co acquired a new stake in Parker-Hannifin during the 1st quarter valued at $260,000. Finally, Banco Santander S.A. lifted its holdings in Parker-Hannifin by 70.2% during the 1st quarter. Banco Santander S.A. now owns 35,645 shares of the industrial products company's stock valued at $21,667,000 after purchasing an additional 14,705 shares during the last quarter. Institutional investors and hedge funds own 82.44% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the company. Morgan Stanley lifted their target price on Parker-Hannifin from $700.00 to $725.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 9th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Parker-Hannifin in a report on Friday, August 8th. Stifel Nicolaus lifted their target price on Parker-Hannifin from $717.00 to $726.00 and gave the stock a "hold" rating in a report on Friday, August 8th. KeyCorp lifted their target price on Parker-Hannifin from $790.00 to $810.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Finally, Argus set a $680.00 target price on Parker-Hannifin in a report on Tuesday, May 6th. Fourteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Parker-Hannifin has an average rating of "Moderate Buy" and a consensus target price of $768.71.
Read Our Latest Report on PH
Parker-Hannifin Price Performance
Shares of PH stock opened at $749.8910 on Tuesday. 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 Corporation has a twelve month low of $488.45 and a twelve month high of $763.99. The company has a market cap of $95.82 billion, a P/E ratio of 27.65, a P/E/G ratio of 3.12 and a beta of 1.37. The business has a fifty day simple moving average of $714.81 and a 200 day simple moving average of $660.70.
Parker-Hannifin (NYSE:PH - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 earnings per share for the quarter, topping the consensus estimate of $7.08 by $0.61. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The business had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the prior year, the company earned $6.77 EPS. Parker-Hannifin's revenue for the quarter 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, sell-side analysts forecast that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.
Parker-Hannifin Announces Dividend
The firm 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 dividend of $1.80 per share. This represents a $7.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Tuesday, September 2nd. Parker-Hannifin's dividend payout ratio is currently 26.55%.
Insider Transactions at Parker-Hannifin
In other Parker-Hannifin news, VP Robert W. Malone sold 2,257 shares of the 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 transaction, the vice president directly owned 5,866 shares in the company, valued at approximately $4,286,051.56. This trade represents a 27.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Andrew D. Ross sold 4,361 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $732.66, for a total value of $3,195,130.26. Following the completion of the transaction, the chief operating officer owned 13,120 shares of the company's stock, valued at $9,612,499.20. This represents a 24.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,414 shares of company stock valued at $6,883,931. 0.39% of the stock is currently owned by corporate insiders.
Parker-Hannifin Profile
(
Free Report)
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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