Parker-Hannifin Corporation $PH Shares Acquired by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. has increased its stake in Parker-Hannifin Corporation by 23.8%, owning nearly 997,000 shares worth $605.9 million.
• Parker-Hannifin announced a quarterly dividend of $1.80 per share, with a yield of 0.9%, showing a dividend payout ratio of 26.55%.
• Analysts have set new price targets for Parker-Hannifin, with the consensus rating being a “Moderate Buy” and an average target price of $770.94.

Goldman Sachs Group Inc. increased its position in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 23.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 996,738 shares of the industrial products company's stock after purchasing an additional 191,799 shares during the period. Goldman Sachs Group Inc. owned 0.78% of Parker-Hannifin worth $605,867,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealth Preservation Advisors LLC acquired a new stake in Parker-Hannifin during the first quarter worth about $27,000. Mpwm Advisory Solutions LLC acquired a new stake in Parker-Hannifin during the fourth quarter worth about $32,000. Saudi Central Bank acquired a new stake in Parker-Hannifin during the first quarter worth about $31,000. Olde Wealth Management LLC acquired a new stake in Parker-Hannifin during the first quarter worth about $35,000. Finally, Chilton Capital Management LLC increased its position in 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 worth $39,000 after purchasing an additional 60 shares during the last quarter. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PH has been the subject of several research analyst reports. Wells Fargo & Company increased their target price on shares of Parker-Hannifin from $770.00 to $800.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Evercore ISI reaffirmed an "outperform" rating on shares of Parker-Hannifin in a research note on Tuesday, August 19th. Citigroup reaffirmed a "buy" rating and set a $831.00 target price (up previously from $709.00) on shares of Parker-Hannifin in a research note on Monday, July 14th. Cowen reaffirmed a "hold" rating on shares of Parker-Hannifin in a research note on Friday, August 29th. Finally, Raymond James Financial increased their target price on shares of Parker-Hannifin from $735.00 to $845.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Thirteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Parker-Hannifin presently has a consensus rating of "Moderate Buy" and an average price target of $770.94.

Insider Transactions at Parker-Hannifin

In related news, VP Matthew A. Jacobson sold 575 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $733.06, for a total value of $421,509.50. Following the sale, the vice president owned 1,000 shares of the company's stock, valued at $733,060. This trade represents a 36.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert W. Malone sold 2,257 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $730.66, for a total transaction of $1,649,099.62. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold 14,039 shares of company stock valued at $10,356,566 over the last quarter. Insiders own 0.39% of the company's stock.

Parker-Hannifin Trading Up 0.2%

NYSE PH opened at $758.63 on Monday. The firm has a 50 day simple moving average of $731.05 and a 200-day simple moving average of $664.92. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19. Parker-Hannifin Corporation has a one year low of $488.45 and a one year high of $773.30. The firm has a market cap of $96.94 billion, a price-to-earnings ratio of 27.97, a PEG ratio of 3.14 and a beta of 1.35.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $5.10 billion. During the same quarter last year, the firm posted $6.77 earnings per share. The business's revenue for the quarter was up 1.1% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Equities research analysts anticipate that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

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

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.

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