Parker-Hannifin Corporation $PH Shares Sold by Banque Pictet & Cie SA

Key Points

• Banque Pictet & Cie SA significantly reduced its stake in **Parker-Hannifin Corporation**, selling 1,657 shares and holding 2,600 shares, representing a 38.9% decrease.
• The company reported earnings of **$7.69 EPS** for the last quarter, exceeding expectations, and has set its guidance for FY 2026 at **28.400-29.400 EPS**.
• Parker-Hannifin's stock has an **average rating** of "Moderate Buy" from analysts with a consensus price target of **$770.94**.

Banque Pictet & Cie SA cut its holdings in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 38.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,600 shares of the industrial products company's stock after selling 1,657 shares during the period. Banque Pictet & Cie SA's holdings in Parker-Hannifin were worth $1,816,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wealth Preservation Advisors LLC acquired a new position in shares of Parker-Hannifin in the 1st quarter valued at about $27,000. Saudi Central Bank acquired a new position in shares of Parker-Hannifin in the 1st quarter valued at about $31,000. Olde Wealth Management LLC acquired a new position in shares of Parker-Hannifin in the 1st quarter valued at about $35,000. Chilton Capital Management LLC boosted its holdings in shares of Parker-Hannifin by 1,500.0% in the 1st quarter. Chilton Capital Management LLC now owns 64 shares of the industrial products company's stock valued at $39,000 after buying an additional 60 shares during the period. Finally, Accent Capital Management LLC acquired a new position in shares of Parker-Hannifin in the 1st quarter valued at about $41,000. 82.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on PH. Cowen reiterated a "hold" rating on shares of Parker-Hannifin in a research report on Friday, August 29th. Stifel Nicolaus lifted their price objective on shares of Parker-Hannifin from $717.00 to $726.00 and gave the company a "hold" rating in a research report on Friday, August 8th. Susquehanna began coverage on shares of Parker-Hannifin in a research report on Friday, August 15th. They issued a "positive" rating and a $860.00 price objective on the stock. Evercore ISI reiterated an "outperform" rating on shares of Parker-Hannifin in a research report on Tuesday, August 19th. Finally, Wall Street Zen upgraded shares of Parker-Hannifin from a "hold" rating to a "buy" rating in a research report on Saturday, September 20th. Thirteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Parker-Hannifin has an average rating of "Moderate Buy" and a consensus price target of $770.94.

Parker-Hannifin Trading Up 0.8%

Shares of Parker-Hannifin stock opened at $751.34 on Friday. The firm has a market capitalization of $95.07 billion, a PE ratio of 27.70, a price-to-earnings-growth ratio of 3.09 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. The company's fifty day moving average price is $744.31 and its two-hundred day moving average price is $676.26. Parker-Hannifin Corporation has a 52-week low of $488.45 and a 52-week high of $779.77.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.08 by $0.61. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. 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 previous year, the firm posted $6.77 EPS. The business'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. On average, analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were issued a $1.80 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.20 annualized dividend and a dividend yield of 1.0%. Parker-Hannifin's dividend payout ratio is presently 26.55%.

Insiders Place Their Bets

In other news, COO Andrew D. Ross sold 4,361 shares of the company's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $732.66, for a total value of $3,195,130.26. Following the sale, the chief operating officer owned 13,120 shares of the company's stock, valued at approximately $9,612,499.20. This represents a 24.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Robert W. Malone sold 2,257 shares of the company's 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 sale, the vice president directly owned 5,866 shares in the company, valued at approximately $4,286,051.56. The trade was a 27.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,039 shares of company stock worth $10,356,566 in the last quarter. 0.39% of the stock is owned by corporate insiders.

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.

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