Parker-Hannifin Corporation $PH Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. trimmed its stake in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 61.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,976 shares of the industrial products company's stock after selling 12,622 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Parker-Hannifin were worth $5,571,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of PH. Cascade Financial Partners LLC increased its position in shares of Parker-Hannifin by 3.1% in the first quarter. Cascade Financial Partners LLC now owns 498 shares of the industrial products company's stock valued at $303,000 after buying an additional 15 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its holdings in Parker-Hannifin by 0.8% during the 1st 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 acquiring an additional 15 shares in the last quarter. Empowered Funds LLC raised its position in Parker-Hannifin by 0.5% during the first quarter. Empowered Funds LLC now owns 2,894 shares of the industrial products company's stock worth $1,759,000 after acquiring an additional 15 shares during the last quarter. Sivia Capital Partners LLC lifted 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 in the last quarter. Finally, Nicolet Advisory Services LLC grew its position in shares of Parker-Hannifin by 3.5% in the first quarter. Nicolet Advisory Services LLC now owns 468 shares of the industrial products company's stock valued at $262,000 after purchasing an additional 16 shares during the last quarter. Institutional investors and hedge funds own 82.44% of the company's stock.

Parker-Hannifin Stock Up 0.2%

PH opened at $764.56 on Tuesday. Parker-Hannifin Corporation has a 12 month low of $488.45 and a 12 month high of $779.77. The business has a 50-day moving average of $747.98 and a two-hundred day moving average of $683.09. 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 stock has a market capitalization of $96.75 billion, a price-to-earnings ratio of 28.19, a price-to-earnings-growth ratio of 3.16 and a beta of 1.35.

Parker-Hannifin (NYSE:PH - Get Free Report) last released its earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share (EPS) for the quarter, topping 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 business had revenue of $5.24 billion for the quarter, compared to analysts' expectations of $5.10 billion. During the same period last year, the company earned $6.77 earnings per share. The company'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. On average, research analysts expect that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Announces Dividend

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

Analyst Ratings Changes

PH has been the subject of several research reports. Wells Fargo & Company lifted their price objective on Parker-Hannifin from $800.00 to $840.00 and gave the stock an "overweight" rating in a research report on Monday. Morgan Stanley boosted their price target on Parker-Hannifin from $700.00 to $725.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 9th. Deutsche Bank Aktiengesellschaft lowered Parker-Hannifin from a "buy" rating to a "hold" rating and set a $809.00 price objective on the stock. in a research note on Thursday, September 4th. Susquehanna assumed coverage on shares of Parker-Hannifin in a research note on Friday, August 15th. They issued a "positive" rating and a $860.00 target price for the company. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Parker-Hannifin in a research note on Saturday, September 27th. Fourteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $773.67.

Insider Buying and Selling at Parker-Hannifin

In other news, VP Robert W. Malone sold 2,257 shares of the business'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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Andrew D. Ross sold 4,361 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $732.66, for a total transaction of $3,195,130.26. Following the completion of the transaction, the chief operating officer owned 13,120 shares in the company, valued at $9,612,499.20. The trade was a 24.95% decrease in their position. 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. 0.32% of the stock is currently owned by company insiders.

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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