Alliancebernstein L.P. Has $227.26 Million Position in Parker-Hannifin Corporation $PH

Key Points

• Alliancebernstein L.P. increased its stake in Parker-Hannifin Corporation by 16.5%, owning 373,881 shares worth approximately $227,264,000 after acquiring an additional 52,845 shares.
• In its latest quarterly earnings, Parker-Hannifin reported $7.69 earnings per share, which exceeded analyst expectations of $7.08, and revenue of $5.24 billion.
• Parker-Hannifin announced a quarterly dividend of $1.80 per share, with a dividend yield of 1.0%, payable on September 12th.

Alliancebernstein L.P. grew its holdings in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 16.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 373,881 shares of the industrial products company's stock after purchasing an additional 52,845 shares during the period. Alliancebernstein L.P. owned approximately 0.29% of Parker-Hannifin worth $227,264,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of PH. Banque Transatlantique SA acquired a new position in shares of Parker-Hannifin in the 1st quarter valued at $976,000. Advisors Asset Management Inc. boosted its position in shares of Parker-Hannifin by 23.7% in the 1st quarter. Advisors Asset Management Inc. now owns 13,898 shares of the industrial products company's stock valued at $8,448,000 after purchasing an additional 2,666 shares during the period. Aprio Wealth Management LLC boosted its position in shares of Parker-Hannifin by 49.8% in the 1st quarter. Aprio Wealth Management LLC now owns 1,497 shares of the industrial products company's stock valued at $910,000 after purchasing an additional 498 shares during the period. EP Wealth Advisors LLC boosted its position in shares of Parker-Hannifin by 4.7% in the 1st quarter. EP Wealth Advisors LLC now owns 3,884 shares of the industrial products company's stock valued at $2,361,000 after purchasing an additional 176 shares during the period. Finally, One Wealth Capital Management LLC boosted its position in shares of Parker-Hannifin by 10.7% in the 1st quarter. One Wealth Capital Management LLC now owns 693 shares of the industrial products company's stock valued at $421,000 after purchasing an additional 67 shares during the period. Institutional investors own 82.44% of the company's stock.

Insiders Place Their Bets

In other Parker-Hannifin news, VP Robert W. Malone sold 2,257 shares of the business's 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 of the company's stock, valued at approximately $4,286,051.56. The trade was a 27.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Angela R. Ives sold 810 shares of the business's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $727.36, for a total value of $589,161.60. Following the completion of the transaction, the vice president directly owned 2,798 shares of the company's stock, valued at approximately $2,035,153.28. The trade was a 22.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,039 shares of company stock valued at $10,356,566 in the last ninety days. 0.39% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PH. Raymond James Financial increased their price objective on Parker-Hannifin from $735.00 to $845.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Mizuho set a $785.00 price target on Parker-Hannifin in a report on Friday, May 16th. Cowen restated a "hold" rating on shares of Parker-Hannifin in a report on Friday, August 29th. Evercore ISI restated an "outperform" rating on shares of Parker-Hannifin in a report on Tuesday, August 19th. Finally, KeyCorp increased their price objective on Parker-Hannifin from $790.00 to $810.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Thirteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, Parker-Hannifin has a consensus rating of "Moderate Buy" and an average price target of $770.94.

Parker-Hannifin Stock Performance

Shares of PH stock traded up $1.67 during trading on Friday, reaching $758.63. The company had a trading volume of 520,224 shares, compared to its average volume of 616,179. The firm's 50 day simple moving average is $731.05 and its two-hundred day simple moving average is $665.13. 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 one year low of $488.45 and a one year high of $773.30. The company has a market capitalization of $96.94 billion, a PE ratio of 27.97, a PEG ratio of 3.14 and a beta of 1.35.

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. The company had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.10 billion. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.Parker-Hannifin's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm earned $6.77 EPS. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Sell-side analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The business also recently disclosed 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. This represents a $7.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Tuesday, September 2nd. Parker-Hannifin's dividend payout ratio is currently 26.55%.

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.