Zimmer Partners LP Purchases 2,500 Shares of Parker-Hannifin Corporation $PH

Key Points

• Zimmer Partners LP increased its stake in Parker-Hannifin Corporation by 5.9%, owning a total of 45,000 shares worth approximately $27.35 million as reported in the latest SEC filing.
• Several hedge funds, including SG Americas Securities LLC and Community Financial Services Group LLC, made significant increases in their holdings in Parker-Hannifin, indicating a growing institutional interest in the company.
• Parker-Hannifin recently reported an EPS of $7.69 for the last quarter, surpassing analysts' expectations, and has set its FY 2026 guidance between 28.400-29.400 EPS, reflecting positive growth prospects.

Zimmer Partners LP grew its stake in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 5.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,000 shares of the industrial products company's stock after acquiring an additional 2,500 shares during the period. Zimmer Partners LP's holdings in Parker-Hannifin were worth $27,353,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Wealth Preservation Advisors LLC purchased a new stake in Parker-Hannifin during the 1st quarter worth about $27,000. Saudi Central Bank purchased a new stake in shares of Parker-Hannifin in the first quarter worth about $31,000. Mpwm Advisory Solutions LLC bought a new position in shares of Parker-Hannifin in the fourth quarter valued at approximately $32,000. Olde Wealth Management LLC purchased a new position in Parker-Hannifin during the first quarter valued at approximately $35,000. Finally, Chilton Capital Management LLC increased its holdings in 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 worth $39,000 after acquiring an additional 60 shares during the period. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Parker-Hannifin Price Performance

Shares of Parker-Hannifin stock traded down $9.59 during trading on Friday, hitting $760.08. 463,454 shares of the stock traded hands, compared to its average volume of 569,299. The stock has a market cap of $97.12 billion, a price-to-earnings ratio of 28.03, a PEG ratio of 3.14 and a beta of 1.35. 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 52 week low of $488.45 and a 52 week high of $779.77. The firm's fifty day moving average is $736.22 and its 200-day moving average is $668.50.

Parker-Hannifin (NYSE:PH - Get Free Report) last issued its earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share (EPS) 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 analyst estimates of $5.10 billion. During the same quarter in the prior year, the firm earned $6.77 earnings per share. 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. Research analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were 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 was Tuesday, September 2nd. Parker-Hannifin's dividend payout ratio (DPR) is presently 26.55%.

Insiders Place Their Bets

In other news, VP Angela R. Ives sold 810 shares of Parker-Hannifin 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 in the company, valued at approximately $2,035,153.28. The trade was a 22.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Matthew A. Jacobson sold 575 shares of the stock in a transaction dated 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 represents a 36.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,039 shares of company stock valued at $10,356,566 over the last three months. 0.39% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

PH has been the subject of several analyst reports. Wells Fargo & Company raised their price target on shares of Parker-Hannifin from $770.00 to $800.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Citigroup reissued a "buy" rating and set a $831.00 price objective (up previously from $709.00) on shares of Parker-Hannifin in a research note on Monday, July 14th. Deutsche Bank Aktiengesellschaft cut Parker-Hannifin from a "buy" rating to a "hold" rating and set a $809.00 target price for the company. in a research report on Thursday, September 4th. Wall Street Zen downgraded Parker-Hannifin from a "buy" rating to a "hold" rating in a research report on Sunday, September 7th. Finally, Barclays boosted their price objective on Parker-Hannifin from $750.00 to $776.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Thirteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $770.94.

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.