Pictet Asset Management Holding SA Decreases Stock Holdings in Parker-Hannifin Corporation $PH

Key Points

• Pictet Asset Management trimmed its stake in Parker‑Hannifin by 15.8% in Q4, selling 109,769 shares and ending the quarter with 585,994 shares valued at about $515.1 million (≈0.46% ownership).
• Analysts remain largely positive—multiple firms raised price targets and the stock has a consensus rating of "Moderate Buy" with an average target of $1,000.60.
• Parker‑Hannifin reported a quarterly EPS beat ($7.65 vs. $7.11 consensus) with revenue up 9.1% and announced a higher quarterly dividend of $2.00 (annualized $8.00, ~0.8% yield).

Pictet Asset Management Holding SA lowered its holdings in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 15.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 585,994 shares of the industrial products company's stock after selling 109,769 shares during the quarter. Pictet Asset Management Holding SA owned 0.46% of Parker-Hannifin worth $515,089,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Parker-Hannifin by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 11,142,535 shares of the industrial products company's stock valued at $9,793,843,000 after acquiring an additional 33,606 shares during the last quarter. Procyon Advisors LLC boosted its holdings in shares of Parker-Hannifin by 158,565.9% in the 3rd quarter. Procyon Advisors LLC now owns 5,069,374 shares of the industrial products company's stock worth $3,843,346,000 after purchasing an additional 5,066,179 shares during the period. Bank of America Corp DE boosted its holdings in shares of Parker-Hannifin by 0.6% in the 3rd quarter. Bank of America Corp DE now owns 3,904,591 shares of the industrial products company's stock worth $2,960,266,000 after purchasing an additional 22,706 shares during the period. Capital World Investors increased its position in shares of Parker-Hannifin by 7.0% during the 3rd quarter. Capital World Investors now owns 2,584,141 shares of the industrial products company's stock valued at $1,959,166,000 after purchasing an additional 169,073 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Parker-Hannifin by 0.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,207,996 shares of the industrial products company's stock valued at $1,674,132,000 after buying an additional 13,309 shares during the period. 82.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on PH shares. Morgan Stanley lifted their price objective on shares of Parker-Hannifin from $945.00 to $1,038.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 24th. Weiss Ratings restated a "buy (b)" rating on shares of Parker-Hannifin in a report on Tuesday, April 21st. Jefferies Financial Group lifted their price target on shares of Parker-Hannifin from $1,050.00 to $1,100.00 and gave the stock a "buy" rating in a research note on Friday, January 30th. JPMorgan Chase & Co. upped their price target on shares of Parker-Hannifin from $1,083.00 to $1,100.00 and gave the company an "overweight" rating in a report on Friday, January 30th. Finally, Wells Fargo & Company reduced their price objective on shares of Parker-Hannifin from $1,050.00 to $980.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 1st. Seventeen equities research 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, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $1,000.60.

Insider Activity

In other Parker-Hannifin news, VP Matthew A. Jacobson sold 564 shares of the firm's stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $949.94, for a total value of $535,766.16. Following the completion of the sale, the vice president owned 1,000 shares of the company's stock, valued at approximately $949,940. This trade represents a 36.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Dinu J. Parel sold 1,316 shares of the company's stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $950.05, for a total transaction of $1,250,265.80. Following the transaction, the vice president owned 6,534 shares in the company, valued at approximately $6,207,626.70. This trade represents a 16.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 10,063 shares of company stock worth $9,891,214 over the last quarter. Company insiders own 0.32% of the company's stock.

Parker-Hannifin Stock Up 0.2%

NYSE:PH opened at $976.03 on Monday. The company's 50-day simple moving average is $952.62 and its 200-day simple moving average is $896.99. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.66 and a current ratio of 1.18. Parker-Hannifin Corporation has a fifty-two week low of $583.89 and a fifty-two week high of $1,034.96. The stock has a market capitalization of $123.19 billion, a P/E ratio of 35.60, a P/E/G ratio of 3.14 and a beta of 1.25.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its quarterly earnings data on Thursday, January 29th. The industrial products company reported $7.65 EPS for the quarter, topping the consensus estimate of $7.11 by $0.54. Parker-Hannifin had a net margin of 17.29% and a return on equity of 27.56%. The business's revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the firm posted $6.53 earnings per share. On average, equities analysts anticipate that Parker-Hannifin Corporation will post 30.99 earnings per share for the current fiscal year.

Parker-Hannifin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 8th will be paid a dividend of $2.00 per share. This is a positive change from Parker-Hannifin's previous quarterly dividend of $1.80. The ex-dividend date is Friday, May 8th. This represents a $8.00 annualized dividend and a yield of 0.8%. Parker-Hannifin's dividend payout ratio (DPR) is presently 26.26%.

About Parker-Hannifin

Parker-Hannifin Corporation NYSE: PH is a global manufacturer and provider of motion and control technologies and systems. The company designs, manufactures and services a broad range of engineered components and systems used to control the movement and flow of liquids, gases and hydraulic power. Its product portfolio is applied across demanding environments and includes solutions for industrial manufacturing, aerospace, mobile equipment and other engineered applications.

Parker-Hannifin's product and service offerings span hydraulic and pneumatic components, fittings and fluid connectors, valves, pumps and motors, electromechanical actuators and motion-control systems, filtration and separation products, and seals and sealing systems.

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