Parker-Hannifin Corporation $PH Shares Sold by Asset Management One Co. Ltd.

Key Points

• Asset Management One Co. Ltd. reduced its stake in Parker-Hannifin by 1.8%, holding 53,353 shares valued at approximately $37.27 million as of the last SEC filing.
• Parker-Hannifin reported earnings per share of $7.69 for the recent quarter, exceeding analysts' expectations and showing a year-over-year revenue increase of 1.1%.
• The company announced a quarterly dividend of $1.80 per share, translating to an annual yield of 0.9%, with the ex-dividend date set for November 7th.

Asset Management One Co. Ltd. decreased its position in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 1.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,353 shares of the industrial products company's stock after selling 972 shares during the period. Asset Management One Co. Ltd.'s holdings in Parker-Hannifin were worth $37,265,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Cascade Financial Partners LLC increased its position in Parker-Hannifin by 3.1% during the first quarter. Cascade Financial Partners LLC now owns 498 shares of the industrial products company's stock worth $303,000 after buying an additional 15 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of Parker-Hannifin by 0.8% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,814 shares of the industrial products company's stock valued at $1,103,000 after purchasing an additional 15 shares during the period. Bingham Private Wealth LLC increased its holdings in shares of Parker-Hannifin by 3.3% in the second quarter. Bingham Private Wealth LLC now owns 472 shares of the industrial products company's stock valued at $330,000 after purchasing an additional 15 shares during the period. Meadow Creek Wealth Advisors LLC increased its holdings in shares of Parker-Hannifin by 3.6% in the second quarter. Meadow Creek Wealth Advisors LLC now owns 430 shares of the industrial products company's stock valued at $300,000 after purchasing an additional 15 shares during the period. Finally, Sivia Capital Partners LLC increased its holdings in shares of Parker-Hannifin by 3.6% in the second quarter. Sivia Capital Partners LLC now owns 430 shares of the industrial products company's stock valued at $300,000 after purchasing an additional 15 shares during the period. Institutional investors and hedge funds own 82.44% of the company's stock.

Parker-Hannifin Trading Up 0.9%

Shares of PH stock opened at $772.86 on Friday. The business's fifty day moving average price is $751.64 and its 200 day moving average price is $696.17. Parker-Hannifin Corporation has a 1-year low of $488.45 and a 1-year high of $779.77. The firm has a market capitalization of $97.80 billion, a PE ratio of 28.50, a P/E/G ratio of 3.17 and a beta of 1.35. 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 announced its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 earnings per share for the quarter, topping 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 analyst estimates of $5.10 billion. During the same quarter in the prior year, the company posted $6.77 earnings per share. Parker-Hannifin's quarterly revenue was up 1.1% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, sell-side analysts forecast that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 7th will be given a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, November 7th. Parker-Hannifin's payout ratio is presently 26.55%.

Insider Activity at Parker-Hannifin

In other Parker-Hannifin news, 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 transaction of $3,195,130.26. Following the sale, the chief operating officer directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert W. Malone sold 2,257 shares of the business's stock in a transaction on 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 sale, the vice president owned 5,866 shares in the company, valued at approximately $4,286,051.56. The trade was a 27.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,039 shares of company stock valued at $10,356,566 in the last 90 days. 0.32% of the stock is owned by corporate insiders.

Analyst Ratings Changes

PH has been the topic of a number of recent research reports. Truist Financial boosted their target price on Parker-Hannifin from $822.00 to $910.00 and gave the company a "buy" rating in a report on Wednesday, October 8th. Mizuho boosted their target price on Parker-Hannifin from $800.00 to $825.00 and gave the company an "outperform" rating in a report on Friday, October 17th. Barclays boosted their target price on Parker-Hannifin from $776.00 to $785.00 and gave the company an "overweight" rating in a report on Wednesday, October 1st. Susquehanna initiated coverage on Parker-Hannifin in a report on Friday, August 15th. They issued a "positive" rating and a $860.00 target price on the stock. Finally, Stifel Nicolaus dropped their price objective on Parker-Hannifin from $726.00 to $723.00 and set a "hold" rating on the stock in a report on Monday. Fourteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $789.67.

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.

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