Groupama Asset Managment Has $88.92 Million Stock Holdings in Parker-Hannifin Corporation $PH

Key Points

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Groupama Asset Managment lifted its position in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 3.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 147,851 shares of the industrial products company's stock after acquiring an additional 5,256 shares during the quarter. Parker-Hannifin makes up about 0.7% of Groupama Asset Managment's investment portfolio, making the stock its 28th largest position. Groupama Asset Managment owned approximately 0.12% of Parker-Hannifin worth $88,922,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Van Lanschot Kempen Investment Management N.V. raised its position in shares of Parker-Hannifin by 2.7% during the first quarter. Van Lanschot Kempen Investment Management N.V. now owns 32,631 shares of the industrial products company's stock worth $19,835,000 after acquiring an additional 849 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Parker-Hannifin by 21.3% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 9,912 shares of the industrial products company's stock worth $6,025,000 after acquiring an additional 1,740 shares during the last quarter. Legacy Financial Advisors Inc. raised its position in shares of Parker-Hannifin by 1.8% during the first quarter. Legacy Financial Advisors Inc. now owns 1,053 shares of the industrial products company's stock worth $640,000 after acquiring an additional 19 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc bought a new stake in shares of Parker-Hannifin during the first quarter worth $465,000. Finally, Fuller & Thaler Asset Management Inc. increased its holdings in Parker-Hannifin by 14.8% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 25,242 shares of the industrial products company's stock valued at $15,343,000 after purchasing an additional 3,248 shares during the last quarter. Institutional investors own 82.44% of the company's stock.

Insider Buying and Selling at Parker-Hannifin

In related 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 transaction 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Andrew D. Ross sold 4,361 shares of the stock in a transaction dated 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 transaction, the chief operating officer owned 13,120 shares of the company's stock, 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. Insiders sold 9,414 shares of company stock valued at $6,883,931 in the last 90 days. 0.39% of the stock is currently owned by corporate insiders.

Parker-Hannifin Trading Up 2.6%

Shares of Parker-Hannifin stock traded up $19.3280 during trading hours on Friday, hitting $752.3780. The company's stock had a trading volume of 725,793 shares, compared to its average volume of 778,583. Parker-Hannifin Corporation has a 12 month low of $488.45 and a 12 month high of $763.99. The stock has a 50 day moving average of $713.04 and a 200 day moving average of $660.24. The company has a market capitalization of $96.14 billion, a PE ratio of 27.74, a price-to-earnings-growth ratio of 3.12 and a beta of 1.37. 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 (NYSE:PH - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.08 by $0.61. The business had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.10 billion. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.Parker-Hannifin's quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the company earned $6.77 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Analysts predict that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The company 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 dividend of $1.80 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.0%. Parker-Hannifin's dividend payout ratio (DPR) is presently 26.55%.

Analyst Upgrades and Downgrades

PH has been the subject of a number of recent analyst reports. Morgan Stanley upped their price objective on Parker-Hannifin from $700.00 to $725.00 and gave the company an "equal weight" rating in a report on Wednesday, July 9th. Evercore ISI reiterated an "outperform" rating on shares of Parker-Hannifin in a report on Tuesday, August 19th. Wells Fargo & Company upped their price objective on Parker-Hannifin from $770.00 to $800.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Raymond James Financial upped their price objective on Parker-Hannifin from $735.00 to $845.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Finally, Susquehanna initiated coverage on Parker-Hannifin in a report on Friday, August 15th. They issued a "positive" rating and a $860.00 price objective for the company. Fourteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, Parker-Hannifin currently has an average rating of "Moderate Buy" and a consensus target price of $768.71.

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.