MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its stake in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 9.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 462,854 shares of the industrial products company's stock after selling 45,719 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.36% of Parker-Hannifin worth $281,343,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in PH. GAMMA Investing LLC boosted its stake in shares of Parker-Hannifin by 66,111.8% during the first quarter. GAMMA Investing LLC now owns 1,735,412 shares of the industrial products company's stock valued at $1,054,870,000 after acquiring an additional 1,732,791 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Parker-Hannifin during the first quarter valued at $933,089,000. Royal Bank of Canada boosted its stake in shares of Parker-Hannifin by 99.8% during the fourth quarter. Royal Bank of Canada now owns 2,277,001 shares of the industrial products company's stock valued at $1,448,241,000 after acquiring an additional 1,137,564 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Parker-Hannifin by 52.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,443,104 shares of the industrial products company's stock valued at $1,485,042,000 after acquiring an additional 842,262 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp boosted its stake in shares of Parker-Hannifin by 6,912.4% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 312,472 shares of the industrial products company's stock valued at $198,742,000 after acquiring an additional 308,016 shares during the last quarter. Institutional investors and hedge funds own 82.44% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on PH. Susquehanna began coverage on Parker-Hannifin in a research note on Friday, August 15th. They issued a "positive" rating and a $860.00 price target on the stock. Raymond James Financial raised their price target on Parker-Hannifin from $735.00 to $845.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Cowen reissued a "hold" rating on shares of Parker-Hannifin in a research note on Friday, August 29th. Deutsche Bank Aktiengesellschaft lowered Parker-Hannifin from a "buy" rating to a "hold" rating and set a $809.00 price target on the stock. in a research note on Thursday, September 4th. Finally, Morgan Stanley raised their price target on Parker-Hannifin from $700.00 to $725.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 9th. Thirteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Parker-Hannifin currently has an average rating of "Moderate Buy" and a consensus target price of $770.94.
Check Out Our Latest Analysis on PH
Parker-Hannifin Trading Up 1.5%
Shares of Parker-Hannifin stock traded up $11.68 during trading hours on Wednesday, reaching $766.92. The stock had a trading volume of 232,990 shares, compared to its average volume of 738,345. The firm has a 50 day simple moving average of $733.31 and a two-hundred day simple moving average of $666.19. The firm has a market capitalization of $98.00 billion, a price-to-earnings ratio of 28.29, a P/E/G ratio of 3.15 and a beta of 1.35. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $773.30.
Parker-Hannifin (NYSE:PH - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 EPS for the quarter, topping analysts' consensus estimates of $7.08 by $0.61. The company had revenue of $5.24 billion for 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%.The company's quarterly revenue was up 1.1% compared to the same quarter last year. During the same period last year, the business posted $6.77 EPS. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, equities research analysts anticipate that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.
Parker-Hannifin Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders 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 dividend yield of 0.9%. The ex-dividend date is Tuesday, September 2nd. Parker-Hannifin's dividend payout ratio (DPR) is 26.55%.
Insider Buying and Selling
In related news, VP Angela R. Ives sold 810 shares of the firm's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $727.36, for a total transaction of $589,161.60. Following the sale, the vice president directly owned 2,798 shares in the company, valued at approximately $2,035,153.28. This trade represents a 22.45% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Thomas C. Gentile sold 1,133 shares of the firm's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $729.50, for a total value of $826,523.50. Following the sale, the vice president owned 5,465 shares in the company, valued at approximately $3,986,717.50. The trade was a 17.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,039 shares of company stock worth $10,356,566. Corporate insiders own 0.39% of the company's stock.
Parker-Hannifin Company Profile
(
Free Report)
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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