Parker-Hannifin Corporation $PH Shares Acquired by Union Bancaire Privee UBP SA

Key Points

• Union Bancaire Privee UBP SA has increased its stake in Parker-Hannifin Corporation by 16.9%, now holding 68,840 shares valued at approximately $53.38 million.
• Parker-Hannifin's stock recently opened at $753.24 and reported earnings of $7.69 per share for the last quarter, exceeding analyst expectations.
• The company declared a quarterly dividend of $1.80, resulting in an annualized dividend yield of 1.0%, with a payout ratio of 26.55%.

Union Bancaire Privee UBP SA lifted its holdings in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 16.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 68,840 shares of the industrial products company's stock after acquiring an additional 9,964 shares during the period. Parker-Hannifin accounts for approximately 1.1% of Union Bancaire Privee UBP SA's investment portfolio, making the stock its 27th biggest holding. Union Bancaire Privee UBP SA owned approximately 0.05% of Parker-Hannifin worth $53,377,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Parker-Hannifin by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 11,023,764 shares of the industrial products company's stock worth $6,700,795,000 after acquiring an additional 168,990 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Parker-Hannifin by 52.6% during the 1st 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. Wellington Management Group LLP grew its stake in Parker-Hannifin by 11.6% during the 1st 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. Charles Schwab Investment Management Inc. grew its stake in Parker-Hannifin by 0.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,594,347 shares of the industrial products company's stock worth $969,124,000 after buying an additional 11,815 shares during the last quarter. Finally, Nuveen LLC purchased a new position in Parker-Hannifin during the 1st quarter worth approximately $933,089,000. Institutional investors and hedge funds own 82.44% of the company's stock.

Parker-Hannifin Stock Up 0.3%

Parker-Hannifin stock opened at $753.24 on Tuesday. 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 Corporation has a 1-year low of $488.45 and a 1-year high of $779.77. The company has a market cap of $95.32 billion, a PE ratio of 27.77, a price-to-earnings-growth ratio of 3.11 and a beta of 1.35. The stock's 50 day moving average price is $745.14 and its 200 day moving average price is $678.30.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share for the quarter, beating analysts' consensus estimates of $7.08 by $0.61. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The firm had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the previous year, the business earned $6.77 earnings per share. The company'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. On average, sell-side analysts predict that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were paid a $1.80 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.0%. Parker-Hannifin's payout ratio is 26.55%.

Analyst Ratings Changes

PH has been the topic of a number of research reports. Susquehanna initiated coverage on Parker-Hannifin in a research note on Friday, August 15th. They set a "positive" rating and a $860.00 price target on the stock. Citigroup restated a "buy" rating and set a $831.00 price target (up previously from $709.00) on shares of Parker-Hannifin in a research note on Monday, July 14th. Evercore ISI restated an "outperform" rating on shares of Parker-Hannifin in a research note on Tuesday, August 19th. Wells Fargo & Company boosted their target price on Parker-Hannifin from $770.00 to $800.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Finally, Morgan Stanley boosted their target price on Parker-Hannifin from $700.00 to $725.00 and gave the company an "equal weight" rating in a report on Wednesday, July 9th. Thirteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $770.94.

Insider Transactions at Parker-Hannifin

In other Parker-Hannifin news, VP Matthew A. Jacobson sold 575 shares of the business's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $733.06, for a total transaction of $421,509.50. Following the sale, the vice president directly owned 1,000 shares in the company, valued at approximately $733,060. The trade was a 36.51% 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 business's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $732.66, for a total value of $3,195,130.26. Following the sale, the chief operating officer owned 13,120 shares in the company, valued at approximately $9,612,499.20. The trade was a 24.95% 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. 0.32% of the stock is owned by company 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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