Parker-Hannifin Corporation $PH Stock Position Lifted by Candriam S.C.A.

Key Points

• Candriam S.C.A. has increased its stake in Parker-Hannifin Corporation by 0.6%, owning a total of 59,701 shares valued at $36.29 million after purchasing an additional 355 shares.
• Significant stakes have also been added by other investors, including SG Americas Securities which raised its stake by 27.2% and Banco Santander S.A. which increased its stake by 70.2%.
• Parker-Hannifin's stock has received positive ratings from analysts, with a consensus target price of $768.71 and a rating of "Moderate Buy."

Candriam S.C.A. boosted its stake in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 0.6% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 59,701 shares of the industrial products company's stock after purchasing an additional 355 shares during the period. Candriam S.C.A.'s holdings in Parker-Hannifin were worth $36,289,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in PH. SG Americas Securities LLC lifted its stake in shares of Parker-Hannifin by 27.2% in the first quarter. SG Americas Securities LLC now owns 31,011 shares of the industrial products company's stock worth $18,850,000 after buying an additional 6,630 shares during the last quarter. Alley Investment Management Company LLC acquired a new stake in shares of Parker-Hannifin in the first quarter worth $7,996,000. Community Financial Services Group LLC lifted its stake in shares of Parker-Hannifin by 1,338.2% in the first quarter. Community Financial Services Group LLC now owns 6,630 shares of the industrial products company's stock worth $4,030,000 after buying an additional 6,169 shares during the last quarter. Heartland Bank & Trust Co acquired a new stake in shares of Parker-Hannifin in the first quarter worth $260,000. Finally, Banco Santander S.A. lifted its stake in shares of Parker-Hannifin by 70.2% in the first quarter. Banco Santander S.A. now owns 35,645 shares of the industrial products company's stock worth $21,667,000 after buying an additional 14,705 shares during the last quarter. 82.44% of the stock is owned by institutional investors.

Insider Transactions at Parker-Hannifin

In other Parker-Hannifin news, VP Thomas C. Gentile sold 1,133 shares of the business's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $729.50, for a total transaction of $826,523.50. Following the transaction, the vice president owned 5,465 shares of the company's stock, valued at $3,986,717.50. The trade was a 17.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert W. Malone sold 2,257 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $730.66, for a total value of $1,649,099.62. Following the completion of the sale, the vice president directly owned 5,866 shares of the company's stock, 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. Over the last quarter, insiders have sold 9,414 shares of company stock valued at $6,883,931. 0.39% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Morgan Stanley upped 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 note on Wednesday, July 9th. Argus set a $680.00 target price on shares of Parker-Hannifin in a research note on Tuesday, May 6th. Barclays upped their target price on shares of Parker-Hannifin from $750.00 to $776.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Evercore ISI reiterated an "outperform" rating on shares of Parker-Hannifin in a research note on Tuesday. Finally, Wells Fargo & Company upped their target price on shares of Parker-Hannifin from $770.00 to $800.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Fourteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Parker-Hannifin has a consensus rating of "Moderate Buy" and a consensus target price of $768.71.

Parker-Hannifin Price Performance

NYSE PH opened at $744.5070 on Wednesday. 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 Corporation has a 12-month low of $488.45 and a 12-month high of $763.99. The company has a market capitalization of $95.13 billion, a PE ratio of 27.45, a price-to-earnings-growth ratio of 3.05 and a beta of 1.37. The firm's 50 day moving average is $708.33 and its 200-day moving average is $659.40.

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

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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