Swedbank AB Purchases 6,548 Shares of Parker-Hannifin Corporation $PH

Key Points

• Swedbank AB increased its stake in Parker-Hannifin Corporation by 2.7%, owning 250,550 shares worth approximately $175 million as of the latest quarter.
• Insider transactions reveal that executives have sold a total of 14,039 shares worth over $10.3 million in the last three months, indicating shifts in their positions.
• Parker-Hannifin reported $5.24 billion in revenue for the latest quarter, exceeding analyst estimates, and has set its FY 2026 earnings per share guidance at $28.400-29.400.

Swedbank AB boosted its holdings in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 2.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 250,550 shares of the industrial products company's stock after acquiring an additional 6,548 shares during the period. Swedbank AB owned about 0.20% of Parker-Hannifin worth $175,002,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Wealth Preservation Advisors LLC bought a new stake in Parker-Hannifin during the first quarter worth approximately $27,000. Saudi Central Bank acquired a new position in Parker-Hannifin in the first quarter worth approximately $31,000. Mpwm Advisory Solutions LLC acquired a new position in Parker-Hannifin in the fourth quarter worth approximately $32,000. Olde Wealth Management LLC acquired a new position in Parker-Hannifin in the first quarter worth approximately $35,000. Finally, Chilton Capital Management LLC grew its position in Parker-Hannifin by 1,500.0% in 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 during the last quarter. Institutional investors own 82.44% of the company's stock.

Parker-Hannifin Stock Performance

Parker-Hannifin stock traded up $3.04 on Monday, reaching $758.72. 133,725 shares of the stock were exchanged, compared to its average volume of 735,079. Parker-Hannifin Corporation has a twelve month low of $488.45 and a twelve month high of $779.77. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55. The stock has a market cap of $96.95 billion, a PE ratio of 28.01, a PEG ratio of 3.13 and a beta of 1.35. The firm has a fifty day moving average price of $740.49 and a two-hundred day moving average price of $672.35.

Parker-Hannifin (NYSE:PH - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same period in the previous year, the company posted $6.77 earnings per share. The company's quarterly 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. Sell-side analysts anticipate that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were paid a $1.80 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.20 dividend on an annualized basis and a yield of 0.9%. Parker-Hannifin's payout ratio is presently 26.55%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on PH shares. Barclays lifted their price objective on shares of Parker-Hannifin from $750.00 to $776.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Cowen reissued a "hold" rating on shares of Parker-Hannifin in a research note on Friday, August 29th. KeyCorp lifted their price objective on shares of Parker-Hannifin from $790.00 to $810.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Raymond James Financial lifted their price objective on shares of Parker-Hannifin from $735.00 to $845.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Finally, Susquehanna started coverage on shares of Parker-Hannifin in a research note on Friday, August 15th. They issued a "positive" rating and a $860.00 price objective for the company. Thirteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $770.94.

Insiders Place Their Bets

In related news, VP Angela R. Ives sold 810 shares of the company's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $727.36, for a total value of $589,161.60. Following the sale, the vice president owned 2,798 shares of the company's stock, valued at $2,035,153.28. The trade was a 22.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Matthew A. Jacobson sold 575 shares of the company's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $733.06, for a total transaction of $421,509.50. Following the completion of the sale, the vice president directly owned 1,000 shares in the company, valued at approximately $733,060. The trade was a 36.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,039 shares of company stock valued at $10,356,566 over the last 90 days. Company insiders own 0.39% of the company's stock.

Parker-Hannifin Company 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.