Parker-Hannifin Corporation $PH Shares Acquired by Van Lanschot Kempen Investment Management N.V.

Key Points

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Van Lanschot Kempen Investment Management N.V. increased its position in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 2.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,631 shares of the industrial products company's stock after purchasing an additional 849 shares during the quarter. Van Lanschot Kempen Investment Management N.V.'s holdings in Parker-Hannifin were worth $19,835,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC lifted its holdings in Parker-Hannifin by 27.2% in the first quarter. SG Americas Securities LLC now owns 31,011 shares of the industrial products company's stock valued at $18,850,000 after acquiring an additional 6,630 shares during the period. Alley Investment Management Company LLC acquired a new position in Parker-Hannifin in the first quarter valued at approximately $7,996,000. Community Financial Services Group LLC lifted its holdings in Parker-Hannifin by 1,338.2% in the first quarter. Community Financial Services Group LLC now owns 6,630 shares of the industrial products company's stock valued at $4,030,000 after acquiring an additional 6,169 shares during the period. Heartland Bank & Trust Co acquired a new position in Parker-Hannifin in the first quarter valued at approximately $260,000. Finally, Banco Santander S.A. lifted its holdings in Parker-Hannifin by 70.2% in the first quarter. Banco Santander S.A. now owns 35,645 shares of the industrial products company's stock valued at $21,667,000 after acquiring an additional 14,705 shares during the period. Institutional investors and hedge funds own 82.44% of the company's stock.

Insider Buying and Selling

In other Parker-Hannifin news, VP Angela R. Ives sold 810 shares of the firm's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $727.36, for a total value of $589,161.60. Following the completion of the sale, the vice president directly owned 2,798 shares of the company's stock, valued at $2,035,153.28. This trade represents a 22.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Matthew A. Jacobson sold 575 shares of the firm's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $733.06, for a total value of $421,509.50. Following the completion of the sale, the vice president directly owned 1,000 shares of the company's stock, valued at $733,060. This trade represents a 36.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,414 shares of company stock worth $6,883,931 in the last ninety days. Company insiders own 0.39% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on PH shares. Mizuho set a $785.00 price target on Parker-Hannifin in a report on Friday, May 16th. Wells Fargo & Company upped their target price on Parker-Hannifin from $770.00 to $800.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. KeyCorp upped their target price on Parker-Hannifin from $790.00 to $810.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Stifel Nicolaus upped their target price on Parker-Hannifin from $717.00 to $726.00 and gave the stock a "hold" rating in a research note on Friday, August 8th. Finally, Morgan Stanley upped their target price on Parker-Hannifin from $700.00 to $725.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 9th. Fourteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Parker-Hannifin currently has an average rating of "Moderate Buy" and an average price target of $768.71.

Parker-Hannifin Price Performance

PH stock traded up $19.3280 during midday trading on Friday, reaching $752.3780. The stock had a trading volume of 725,793 shares, compared to its average volume of 778,583. The company's fifty day simple moving average is $713.04 and its 200 day simple moving average is $660.24. 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 company has a market cap of $96.14 billion, a price-to-earnings ratio of 27.74, a price-to-earnings-growth ratio of 3.12 and a beta of 1.37. Parker-Hannifin Corporation has a 52-week low of $488.45 and a 52-week high of $763.99.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 earnings per share for the quarter, beating analysts' consensus estimates of $7.08 by $0.61. The company had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.10 billion. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The firm's revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the firm posted $6.77 EPS. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, sell-side analysts predict that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd will be issued a $1.80 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $7.20 dividend on an annualized basis and a yield of 1.0%. Parker-Hannifin's dividend payout ratio (DPR) 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.