Parker-Hannifin Corporation $PH Shares Acquired by Vident Advisory LLC

Key Points

• Vident Advisory LLC has significantly increased its stake in Parker-Hannifin Corporation, acquiring 7,138 shares, raising its total holdings to 10,469 shares valued at approximately $6.36 million.
• Parker-Hannifin reported an EPS of $7.69 for the quarter, exceeding expectations, with revenue reaching $5.24 billion, indicating a 1.1% increase year-over-year.
• The company recently declared a $1.80 quarterly dividend, representing a 0.9% yield, with stockholders of record to be paid on September 12th.

Vident Advisory LLC raised its position in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 214.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,469 shares of the industrial products company's stock after acquiring an additional 7,138 shares during the quarter. Vident Advisory LLC's holdings in Parker-Hannifin were worth $6,364,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of PH. GAMMA Investing LLC boosted its position in Parker-Hannifin by 66,111.8% during the 1st quarter. GAMMA Investing LLC now owns 1,735,412 shares of the industrial products company's stock valued at $1,054,870,000 after acquiring an additional 1,732,791 shares in the last quarter. Nuveen LLC bought a new stake in shares of Parker-Hannifin in the 1st quarter worth approximately $933,089,000. Royal Bank of Canada boosted its position in shares of Parker-Hannifin by 99.8% in the 4th quarter. Royal Bank of Canada now owns 2,277,001 shares of the industrial products company's stock worth $1,448,241,000 after purchasing an additional 1,137,564 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Parker-Hannifin by 52.6% in the 1st 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 in the last quarter. Finally, OMERS ADMINISTRATION Corp lifted its position in Parker-Hannifin by 6,912.4% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 312,472 shares of the industrial products company's stock valued at $198,742,000 after acquiring an additional 308,016 shares in the last quarter. 82.44% of the stock is owned by institutional investors.

Parker-Hannifin Stock Up 0.3%

PH stock traded up $2.23 on Thursday, hitting $750.76. 133,818 shares of the company's stock were exchanged, compared to its average volume of 743,878. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19. Parker-Hannifin Corporation has a 12-month low of $488.45 and a 12-month high of $773.30. The firm has a 50 day moving average price of $728.63 and a two-hundred day moving average price of $664.55. The stock has a market cap of $95.93 billion, a P/E ratio of 27.68, a price-to-earnings-growth ratio of 3.15 and a beta of 1.35.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 earnings per share for the quarter, topping analysts' consensus estimates of $7.08 by $0.61. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The company had revenue of $5.24 billion during the quarter, compared to analysts' expectations of $5.10 billion. During the same period in the prior year, the business posted $6.77 earnings per share. The firm's revenue for the quarter 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 research analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Tuesday, September 2nd will be paid 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 payout ratio is currently 26.55%.

Insider Buying and Selling at Parker-Hannifin

In related news, VP Matthew A. Jacobson sold 575 shares of the stock in a transaction on 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 owned 1,000 shares in the company, valued at $733,060. This represents a 36.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Angela R. Ives sold 810 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $727.36, for a total transaction of $589,161.60. Following the sale, the vice president owned 2,798 shares of the company's stock, valued at approximately $2,035,153.28. This represents a 22.45% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,039 shares of company stock worth $10,356,566. 0.39% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

PH has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft cut Parker-Hannifin from a "buy" rating to a "hold" rating and set a $809.00 price objective on the stock. in a research report on Thursday. Raymond James Financial increased their price objective on shares of Parker-Hannifin from $735.00 to $845.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Susquehanna began coverage on shares of Parker-Hannifin in a research note on Friday, August 15th. They set a "positive" rating and a $860.00 target price for the company. Stifel Nicolaus raised their price target 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, Citigroup restated a "buy" rating and set a $831.00 price target (up from $709.00) on shares of Parker-Hannifin in a research note on Monday, July 14th. Thirteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $770.94.

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.