Price T Rowe Associates Inc. MD Raises Stock Position in Parker-Hannifin Corporation $PH

Key Points

• Price T Rowe Associates Inc. MD increased its stake in Parker-Hannifin Corporation by 52.6%, owning approximately 2.44 million shares valued at $1.49 billion as of the latest SEC filing.
• Recent insider transactions revealed that COO Andrew D. Ross and VP Robert W. Malone sold shares, reducing their holdings by 24.95% and 27.79%, respectively.
• Parker-Hannifin reported strong earnings, with $7.69 EPS for the last quarter, exceeding expectations, and set an FY 2026 guidance of 28.400-29.400 EPS.

Price T Rowe Associates Inc. MD boosted its position in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 52.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,443,104 shares of the industrial products company's stock after purchasing an additional 842,262 shares during the quarter. Price T Rowe Associates Inc. MD owned about 1.91% of Parker-Hannifin worth $1,485,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of PH. Mpwm Advisory Solutions LLC bought a new position in shares of Parker-Hannifin in the fourth quarter worth $32,000. Olde Wealth Management LLC bought a new stake in Parker-Hannifin during the first quarter valued at $35,000. Chilton Capital Management LLC grew its position in Parker-Hannifin by 1,500.0% during the first quarter. Chilton Capital Management LLC now owns 64 shares of the industrial products company's stock worth $39,000 after buying an additional 60 shares in the last quarter. Accent Capital Management LLC purchased a new position in Parker-Hannifin during the first quarter worth about $41,000. Finally, Sierra Ocean LLC increased its stake in Parker-Hannifin by 89.5% in the 1st quarter. Sierra Ocean LLC now owns 72 shares of the industrial products company's stock worth $44,000 after acquiring an additional 34 shares during the last quarter. 82.44% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, COO Andrew D. Ross sold 4,361 shares of Parker-Hannifin 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 sale, the chief operating officer directly owned 13,120 shares in the company, valued at approximately $9,612,499.20. This trade represents a 24.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert W. Malone sold 2,257 shares of the business'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 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,414 shares of company stock worth $6,883,931. Insiders own 0.39% of the company's stock.

Parker-Hannifin Stock Performance

Shares of NYSE:PH opened at $742.3190 on Thursday. The company has a market cap of $94.85 billion, a price-to-earnings ratio of 27.37, a price-to-earnings-growth ratio of 3.09 and a beta of 1.37. The company has a 50-day moving average price of $709.74 and a 200-day moving average price of $659.97. 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 12 month low of $488.45 and a 12 month high of $763.99.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted 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 return on equity of 26.80% and a net margin of 17.79%.The company had revenue of $5.24 billion for the quarter, compared to analysts' expectations of $5.10 billion. During the same period last year, the firm earned $6.77 earnings per share. Parker-Hannifin'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. As a group, equities analysts anticipate that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Evercore ISI reiterated an "outperform" rating on shares of Parker-Hannifin in a research report on Tuesday. Wells Fargo & Company raised 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. Barclays lifted their target price on shares of Parker-Hannifin from $750.00 to $776.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Raymond James Financial increased their price target on shares of Parker-Hannifin from $735.00 to $845.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Finally, Stifel Nicolaus raised their price objective on shares of Parker-Hannifin from $717.00 to $726.00 and gave the company a "hold" rating in a research report on Friday, August 8th. Fourteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $768.71.

Parker-Hannifin Profile

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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