Stanley Laman Group Ltd. Reduces Position in Parker-Hannifin Corporation $PH

Key Points

• Stanley Laman Group Ltd. reduced its holdings in Parker-Hannifin Corporation by 10.3% during the second quarter, ending with 7,357 shares worth approximately $5.14 million.
• Multiple large investors, including Nuveen LLC and Goldman Sachs Group Inc., have significantly increased their stakes in Parker-Hannifin, demonstrating strong investor interest.
• Parker-Hannifin's recent earnings report showed an EPS of $7.69, exceeding estimates, while also announcing a quarterly dividend of $1.80 per share.

Stanley Laman Group Ltd. reduced its position in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 10.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,357 shares of the industrial products company's stock after selling 843 shares during the period. Stanley Laman Group Ltd.'s holdings in Parker-Hannifin were worth $5,139,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of PH. Nuveen LLC purchased a new stake in Parker-Hannifin during the 1st quarter worth about $933,089,000. Price T Rowe Associates Inc. MD lifted its stake in Parker-Hannifin by 52.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,443,104 shares of the industrial products company's stock worth $1,485,042,000 after purchasing an additional 842,262 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Parker-Hannifin by 11.6% in the first quarter. Wellington Management Group LLP now owns 2,009,250 shares of the industrial products company's stock valued at $1,221,323,000 after purchasing an additional 208,573 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Parker-Hannifin by 23.8% in the first quarter. Goldman Sachs Group Inc. now owns 996,738 shares of the industrial products company's stock valued at $605,867,000 after purchasing an additional 191,799 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in Parker-Hannifin by 1.6% during the first quarter. Vanguard Group Inc. now owns 11,023,764 shares of the industrial products company's stock worth $6,700,795,000 after purchasing an additional 168,990 shares in the last quarter. Hedge funds and other institutional investors own 82.44% of the company's stock.

Insiders Place Their Bets

In other news, VP Robert W. Malone sold 2,257 shares of the business's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $730.66, for a total transaction 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. The trade was a 27.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Angela R. Ives sold 810 shares of the firm's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $727.36, for a total transaction of $589,161.60. Following the completion of the sale, the vice president owned 2,798 shares of the company's stock, valued at approximately $2,035,153.28. The trade was a 22.45% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,039 shares of company stock valued at $10,356,566. Corporate insiders own 0.32% of the company's stock.

Wall Street Analysts Forecast Growth

PH has been the subject of several research analyst reports. Truist Financial upped their target price on shares of Parker-Hannifin from $822.00 to $910.00 and gave the company a "buy" rating in a report on Wednesday, October 8th. Stifel Nicolaus raised their price objective on Parker-Hannifin from $717.00 to $726.00 and gave the stock a "hold" rating in a report on Friday, August 8th. Barclays lifted their target price on Parker-Hannifin from $776.00 to $785.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 1st. KeyCorp raised their price target on Parker-Hannifin from $810.00 to $825.00 and gave the stock an "overweight" rating in a research note on Tuesday. Finally, Susquehanna began coverage on Parker-Hannifin in a report on Friday, August 15th. They issued a "positive" rating and a $860.00 price objective for the company. Fourteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $789.83.

Parker-Hannifin Stock Up 1.1%

PH opened at $734.26 on Friday. Parker-Hannifin Corporation has a 52 week low of $488.45 and a 52 week high of $779.77. The business has a 50 day moving average price of $750.51 and a two-hundred day moving average price of $689.14. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 0.55. The company has a market cap of $92.91 billion, a PE ratio of 27.07, a P/E/G ratio of 3.00 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, beating analysts' consensus estimates of $7.08 by $0.61. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The business had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same quarter in the previous year, the company posted $6.77 earnings per share. The company's revenue for the quarter 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. As a group, research analysts anticipate that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were issued a $1.80 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.20 annualized dividend and a dividend yield of 1.0%. Parker-Hannifin's payout ratio is presently 26.55%.

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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