Parker-Hannifin Corporation $PH Shares Sold by OMERS ADMINISTRATION Corp

Key Points

• OMERS ADMINISTRATION Corp decreased its stake in Parker-Hannifin Corporation by 0.2%, now holding 311,708 shares, which constitutes 1.7% of its portfolio worth approximately $189.47 million.
• Insiders, including COO Andrew D. Ross and VP Robert W. Malone, sold a combined total of 14,039 shares valued at over $10 million, indicating a significant decrease in their ownership positions.
• Parker-Hannifin recently reported quarterly earnings with an EPS of $7.69, surpassing expectations, and announced a quarterly dividend of $1.80 per share, reflecting a 0.9% dividend yield.

OMERS ADMINISTRATION Corp decreased its position in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 0.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 311,708 shares of the industrial products company's stock after selling 764 shares during the quarter. Parker-Hannifin accounts for approximately 1.7% of OMERS ADMINISTRATION Corp's portfolio, making the stock its 18th largest holding. OMERS ADMINISTRATION Corp owned 0.24% of Parker-Hannifin worth $189,472,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. First Manhattan CO. LLC. grew its position in Parker-Hannifin by 1.0% during the fourth quarter. First Manhattan CO. LLC. now owns 1,580 shares of the industrial products company's stock valued at $1,005,000 after buying an additional 15 shares during the period. Cascade Financial Partners LLC boosted its stake in shares of Parker-Hannifin by 3.1% during the 1st quarter. Cascade Financial Partners LLC now owns 498 shares of the industrial products company's stock worth $303,000 after acquiring an additional 15 shares in the last quarter. Becker Capital Management Inc. grew its position in shares of Parker-Hannifin by 3.4% during the 4th quarter. Becker Capital Management Inc. now owns 482 shares of the industrial products company's stock valued at $307,000 after acquiring an additional 16 shares during the period. Nicolet Advisory Services LLC grew its position in shares of Parker-Hannifin by 3.5% during the 1st quarter. Nicolet Advisory Services LLC now owns 468 shares of the industrial products company's stock valued at $262,000 after acquiring an additional 16 shares during the period. Finally, E Fund Management Co. Ltd. increased its stake in shares of Parker-Hannifin by 5.0% in the 1st quarter. E Fund Management Co. Ltd. now owns 336 shares of the industrial products company's stock valued at $204,000 after purchasing an additional 16 shares in the last quarter. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, COO Andrew D. Ross sold 4,361 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief operating officer owned 13,120 shares of the company's stock, valued at approximately $9,612,499.20. This trade represents 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 transaction, the vice president directly owned 5,866 shares in the company, valued at $4,286,051.56. This trade represents a 27.79% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,039 shares of company stock valued at $10,356,566. Insiders own 0.39% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on PH. Susquehanna started coverage on Parker-Hannifin in a report on Friday, August 15th. They issued a "positive" rating and a $860.00 price objective on the stock. Evercore ISI reissued an "outperform" rating on shares of Parker-Hannifin in a research note on Tuesday, August 19th. Citigroup restated a "buy" rating and set a $831.00 price objective (up from $709.00) on shares of Parker-Hannifin in a research report on Monday, July 14th. Morgan Stanley lifted their target price on shares of Parker-Hannifin from $700.00 to $725.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 9th. Finally, KeyCorp boosted their target price on shares of Parker-Hannifin from $790.00 to $810.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Fourteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, Parker-Hannifin currently has an average rating of "Moderate Buy" and an average price target of $768.71.

Parker-Hannifin Trading Up 0.8%

Shares of PH opened at $768.00 on Thursday. Parker-Hannifin Corporation has a 52-week low of $488.45 and a 52-week high of $768.45. The stock has a market cap of $98.13 billion, a PE ratio of 28.32, a price-to-earnings-growth ratio of 3.16 and a beta of 1.37. The firm's fifty day moving average is $719.30 and its two-hundred day moving average is $662.14. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 0.55.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share for the quarter, topping the consensus estimate of $7.08 by $0.61. The firm had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.10 billion. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The company's revenue for the quarter was up 1.1% on a year-over-year basis. During the same period last year, the firm posted $6.77 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Research analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Tuesday, September 2nd. Parker-Hannifin's payout ratio is currently 26.55%.

About Parker-Hannifin

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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