Principal Financial Group Inc. Sells 61,240 Shares of Parker-Hannifin Corporation $PH

Key Points

• Principal Financial Group sold 61,240 shares of Parker-Hannifin in Q4 (an 11.1% decrease), leaving it with 488,930 shares—about 0.39% of the company valued at roughly $429.8 million.
• Parker-Hannifin beat Q1 estimates, reporting EPS of $8.17 (vs. $7.84 expected) and revenue of $5.49 billion, up 10.6% year-over-year, and set FY2026 guidance at 31.20 EPS (analysts’ average ~31.09).
• The company raised its quarterly dividend from $1.80 to $2.00 (annualized $8.00), with an ex-dividend date of May 8 and a yield of about 0.9%.

Principal Financial Group Inc. decreased its holdings in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 11.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 488,930 shares of the industrial products company's stock after selling 61,240 shares during the quarter. Principal Financial Group Inc. owned about 0.39% of Parker-Hannifin worth $429,751,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Parker-Hannifin by 0.3% during 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 period. Procyon Advisors LLC raised its holdings in Parker-Hannifin by 158,565.9% during the 3rd quarter. Procyon Advisors LLC now owns 5,069,374 shares of the industrial products company's stock valued at $3,843,346,000 after acquiring an additional 5,066,179 shares during the period. Bank of America Corp DE raised its holdings in Parker-Hannifin by 0.6% during the 3rd quarter. Bank of America Corp DE now owns 3,904,591 shares of the industrial products company's stock valued at $2,960,266,000 after acquiring an additional 22,706 shares during the period. Capital World Investors increased its holdings in shares of Parker-Hannifin by 7.0% in the third quarter. Capital World Investors now owns 2,584,141 shares of the industrial products company's stock worth $1,959,166,000 after purchasing an additional 169,073 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in shares of Parker-Hannifin by 0.6% in the third quarter. Ameriprise Financial Inc. now owns 2,207,996 shares of the industrial products company's stock worth $1,674,132,000 after purchasing an additional 13,309 shares during the period. Institutional investors own 82.44% of the company's stock.

Parker-Hannifin Stock Performance

NYSE PH opened at $865.60 on Tuesday. The company has a 50-day simple moving average of $948.12 and a two-hundred day simple moving average of $903.15. The company has a quick ratio of 0.66, a current ratio of 1.13 and a debt-to-equity ratio of 0.46. Parker-Hannifin Corporation has a 12-month low of $608.31 and a 12-month high of $1,034.96. The firm has a market cap of $109.25 billion, a price-to-earnings ratio of 31.93, a PEG ratio of 2.83 and a beta of 1.18.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.84 by $0.33. Parker-Hannifin had a net margin of 16.58% and a return on equity of 27.97%. The business had revenue of $5.49 billion during the quarter, compared to analyst estimates of $5.40 billion. During the same period in the prior year, the business posted $6.94 earnings per share. The company's revenue was up 10.6% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. On average, equities analysts forecast that Parker-Hannifin Corporation will post 31.09 EPS for the current year.

Parker-Hannifin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 8th will be given a dividend of $2.00 per share. The ex-dividend date is Friday, May 8th. This is a positive change from Parker-Hannifin's previous quarterly dividend of $1.80. This represents a $8.00 annualized dividend and a yield of 0.9%. Parker-Hannifin's dividend payout ratio (DPR) is currently 29.51%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PH. Jefferies Financial Group upped 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 report on Friday, January 30th. Barclays upped their price target on shares of Parker-Hannifin from $990.00 to $1,020.00 and gave the stock an "overweight" rating in a report on Friday, January 30th. Truist Financial set a $1,147.00 price target on shares of Parker-Hannifin in a report on Friday. Stifel Nicolaus upped their price target on shares of Parker-Hannifin from $965.00 to $1,000.00 and gave the stock a "hold" rating in a report on Friday, April 10th. Finally, Mizuho set a $1,050.00 price target on shares of Parker-Hannifin in a report on Friday. Seventeen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,012.45.

Insider Activity

In other Parker-Hannifin news, CFO Todd M. Leombruno sold 2,062 shares of the company's stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $1,002.34, for a total transaction of $2,066,825.08. Following the completion of the sale, the chief financial officer directly owned 20,610 shares in the company, valued at $20,658,227.40. This represents a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Andrew D. Ross sold 4,664 shares of the company's stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $999.00, for a total transaction of $4,659,336.00. Following the sale, the chief operating officer owned 13,120 shares of the company's stock, valued at approximately $13,106,880. The trade was a 26.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.32% of the company's stock.

Parker-Hannifin Company Profile

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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