Parker-Hannifin Corporation $PH Shares Bought by Truist Financial Corp

Key Points

• Truist Financial Corp raised its stake in Parker‑Hannifin by 2.7% in Q4, buying 4,673 shares to hold 174,852 shares worth about $153.7 million.
• Parker‑Hannifin beat Q3 estimates with EPS of $8.17 and revenue of $5.49B (up 10.6% YoY) and lifted FY2026 adjusted EPS guidance to $31.20 while reporting a record backlog of $12.5B.
• The company boosted its quarterly dividend to $2.00 (annualized $8.00, ~0.9% yield) and repurchased roughly $275M this quarter, though several senior executives have recently sold shares.

Truist Financial Corp raised its stake in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 174,852 shares of the industrial products company's stock after buying an additional 4,673 shares during the quarter. Truist Financial Corp owned about 0.14% of Parker-Hannifin worth $153,687,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Sagace Wealth Management LLC purchased a new position in Parker-Hannifin during the fourth quarter worth $229,000. KPP Advisory Services LLC increased its position in Parker-Hannifin by 2.2% during the fourth quarter. KPP Advisory Services LLC now owns 2,979 shares of the industrial products company's stock worth $2,618,000 after buying an additional 65 shares in the last quarter. Avidian Wealth Enterprises LLC increased its position in Parker-Hannifin by 8.5% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 474 shares of the industrial products company's stock worth $417,000 after buying an additional 37 shares in the last quarter. Legacy Edge Advisors LLC purchased a new position in Parker-Hannifin during the fourth quarter worth $526,000. Finally, Benjamin Edwards Inc. increased its position in Parker-Hannifin by 2.2% during the fourth quarter. Benjamin Edwards Inc. now owns 4,552 shares of the industrial products company's stock worth $4,002,000 after buying an additional 99 shares in the last quarter. Hedge funds and other institutional investors own 82.44% of the company's stock.

Parker-Hannifin Trading Down 0.1%

Shares of Parker-Hannifin stock opened at $881.74 on Monday. Parker-Hannifin Corporation has a fifty-two week low of $608.31 and a fifty-two week high of $1,034.96. The firm has a market cap of $111.29 billion, a PE ratio of 32.52, a P/E/G ratio of 2.83 and a beta of 1.18. The business's fifty day moving average is $948.12 and its two-hundred day moving average is $903.15. The company has a quick ratio of 0.66, a current ratio of 1.13 and a debt-to-equity ratio of 0.46.

Parker-Hannifin (NYSE:PH - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share for the quarter, topping analysts' consensus estimates of $7.84 by $0.33. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The company had revenue of $5.49 billion for the quarter, compared to analyst estimates of $5.40 billion. During the same quarter in the prior year, the company posted $6.94 EPS. The business's revenue for the quarter was up 10.6% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. Analysts anticipate that Parker-Hannifin Corporation will post 31.09 earnings per share for the current year.

Parker-Hannifin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 8th will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.9%. This is a boost from Parker-Hannifin's previous quarterly dividend of $1.80. Parker-Hannifin's dividend payout ratio is currently 26.26%.

Wall Street Analyst Weigh In

Several research firms have weighed in on PH. Wall Street Zen raised Parker-Hannifin from a "hold" rating to a "buy" rating in a research report on Wednesday, February 4th. Truist Financial set a $1,147.00 price target on Parker-Hannifin in a research report on Friday. Barclays raised their price target on Parker-Hannifin from $990.00 to $1,020.00 and gave the stock an "overweight" rating in a research report on Friday, January 30th. Robert W. Baird set a $1,050.00 price target on Parker-Hannifin in a research report on Friday, January 30th. Finally, Citigroup raised their price target on Parker-Hannifin from $1,137.00 to $1,141.00 and gave the stock a "buy" rating in a research report on Friday. Seventeen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $1,012.45.

Parker-Hannifin News Roundup

Here are the key news stories impacting Parker-Hannifin this week:

• Positive Sentiment: Q3 beat and raised outlook — Adjusted EPS of $8.17 (+18% YoY) and record quarterly revenue (~$5.5B). Management lifted FY‑2026 adjusted EPS guidance to $31.20, signaling continued demand and execution. Parker Reports Fiscal 2026 Third Quarter Results
• Positive Sentiment: Record backlog and aerospace strength — Backlog hit $12.5B and aerospace organic growth/expanding margins were highlighted as the primary tailwinds supporting near‑term revenue visibility. Parker Hannifin Backlog Hits Record $12.5 Billion, Lifts Outlook
• Positive Sentiment: Cash generation & buybacks/dividend — Year‑to‑date operating cash flow remains strong (record), the company repurchased ~$275M in the quarter and raised its dividend (70th consecutive hike), supporting shareholder returns. Parker Reports Fiscal 2026 Third Quarter Results
• Neutral Sentiment: Analyst coverage remains constructive — Multiple buy/overweight ratings and a median price target around $1,038 suggest upside among sell‑side analysts, which can limit downside but also set high expectations. Parker-Hannifin Stock (PH) Opinions on Q3 Earnings Beat
• Neutral Sentiment: Institutional flows mixed — Large asset managers trimmed positions while other funds added; this rebalancing increases intra‑day volume and can amplify moves without signaling a clear directional consensus. Parker-Hannifin Stock (PH) Opinions on Q3 Earnings Beat
• Negative Sentiment: Sell‑the‑news reaction — Despite beats, shares fell after the print as investors digested that the raise wasn’t a major upside surprise and that GAAP net income/EPS fell vs. prior year (prior quarter included a discrete tax benefit). Parker-Hannifin shares slide as investors digest Q3 results and a raised—but not blowout—full-year outlook
• Negative Sentiment: Heavy insider selling — Public filings show no insider purchases and numerous sales by senior executives in recent months; that can spook momentum traders even if sales may be for diversification or tax planning. Parker-Hannifin Stock (PH) Opinions on Q3 Earnings Beat
• Negative Sentiment: Guidance details mixed — Adjusted EPS guidance slightly above consensus but revenue guidance (~$21.2B) was roughly in line or slightly below some street models; not a clear upward re‑rating catalyst. Parker-Hannifin Tops Q3 Earnings & Sales Estimates, Updates 26' View

Insiders Place Their Bets

In other Parker-Hannifin news, COO Andrew D. Ross sold 4,664 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $999.00, for a total transaction of $4,659,336.00. Following the transaction, the chief operating officer owned 13,120 shares of the company's stock, valued at $13,106,880. This represents a 26.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Todd M. Leombruno sold 2,062 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $1,002.34, for a total value of $2,066,825.08. Following the completion of the transaction, the chief financial officer directly owned 20,610 shares in the company, valued at $20,658,227.40. This trade represents a 9.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.32% of the company's stock.

Parker-Hannifin Company Profile

Parker-Hannifin Corporation NYSE: PH is a global manufacturer and provider of motion and control technologies and systems. The company designs, manufactures and services a broad range of engineered components and systems used to control the movement and flow of liquids, gases and hydraulic power. Its product portfolio is applied across demanding environments and includes solutions for industrial manufacturing, aerospace, mobile equipment and other engineered applications.

Parker-Hannifin's product and service offerings span hydraulic and pneumatic components, fittings and fluid connectors, valves, pumps and motors, electromechanical actuators and motion-control systems, filtration and separation products, and seals and sealing systems.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.