Wedge Capital Management L L P NC Lowers Holdings in Parker-Hannifin Corporation $PH

Key Points

• Wedge Capital Management L L P NC has reduced its stake in Parker-Hannifin Corporation by 3.0%, selling 501 shares and holding a total of 16,080 shares worth approximately $11.2 million.
• Several analysts have upgraded Parker-Hannifin's stock ratings, with Stifel Nicolaus and Raymond James raising their price targets to $726 and $845, respectively, as thirteen analysts have rated the stock with a Buy rating.
• Parker-Hannifin recently reported a quarterly earnings per share (EPS) of $7.69, exceeding estimates, with guidance anticipating an EPS of between 28.400 and 29.400 for FY 2026.

Wedge Capital Management L L P NC lowered its stake in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 3.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 16,080 shares of the industrial products company's stock after selling 501 shares during the quarter. Wedge Capital Management L L P NC's holdings in Parker-Hannifin were worth $11,231,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in PH. Brighton Jones LLC grew its stake in Parker-Hannifin by 5.9% in the 4th quarter. Brighton Jones LLC now owns 1,808 shares of the industrial products company's stock valued at $1,150,000 after acquiring an additional 101 shares during the period. Bank Pictet & Cie Europe AG boosted its stake in Parker-Hannifin by 0.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 7,259 shares of the industrial products company's stock worth $4,617,000 after purchasing an additional 55 shares during the last quarter. Bison Wealth LLC boosted its stake in Parker-Hannifin by 4.5% during the 4th quarter. Bison Wealth LLC now owns 749 shares of the industrial products company's stock worth $476,000 after purchasing an additional 32 shares during the last quarter. State of Wyoming boosted its stake in Parker-Hannifin by 369.4% during the 4th quarter. State of Wyoming now owns 291 shares of the industrial products company's stock worth $185,000 after purchasing an additional 229 shares during the last quarter. Finally, Waverly Advisors LLC acquired a new stake in Parker-Hannifin during the 4th quarter worth $586,000. Institutional investors and hedge funds own 82.44% of the company's stock.

Insider Transactions at Parker-Hannifin

In other Parker-Hannifin news, EVP Joseph R. Leonti sold 4,625 shares of the firm's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $750.84, for a total value of $3,472,635.00. Following the completion of the sale, the executive vice president owned 13,878 shares of the company's stock, valued at approximately $10,420,157.52. This trade represents a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert W. Malone sold 2,257 shares of Parker-Hannifin stock in a transaction on Friday, August 8th. The stock was sold at an average price of $730.66, for a total value of $1,649,099.62. Following the transaction, the vice president directly owned 5,866 shares of the company's stock, valued at $4,286,051.56. This trade represents a 27.79% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,039 shares of company stock worth $10,356,566 over the last quarter. 0.39% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

PH has been the topic of several recent research reports. Wall Street Zen raised shares of Parker-Hannifin from a "hold" rating to a "buy" rating in a research note on Saturday. KeyCorp lifted their target price on shares of Parker-Hannifin from $790.00 to $810.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Susquehanna initiated 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 on the stock. Evercore ISI reaffirmed an "outperform" rating on shares of Parker-Hannifin in a research note on Tuesday, August 19th. Finally, Barclays boosted their price target on shares of Parker-Hannifin from $750.00 to $776.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Thirteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $770.94.

Parker-Hannifin Trading Up 0.0%

NYSE:PH traded up $0.36 on Tuesday, reaching $760.31. 195,296 shares of the company's stock were exchanged, compared to its average volume of 733,665. 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 firm has a market capitalization of $97.15 billion, a price-to-earnings ratio of 28.06, a price-to-earnings-growth ratio of 3.13 and a beta of 1.35. The business has a fifty day moving average of $741.46 and a 200-day moving average of $673.22. Parker-Hannifin Corporation has a 52-week low of $488.45 and a 52-week high of $779.77.

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 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 firm had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same period in the prior year, the firm earned $6.77 earnings per share. The business'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. As a group, analysts expect that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

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

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.