Wellington Management Group LLP Buys 208,573 Shares of Parker-Hannifin Corporation $PH

Key Points

• Wellington Management Group LLP has increased its stake in Parker-Hannifin Corporation by 11.6%, acquiring an additional 208,573 shares, bringing its total ownership to approximately 1.57% valued at over $1.22 billion.
• Despite recent insider sales, institutional investors hold a significant 82.44% of Parker-Hannifin's stock, indicating strong institutional interest in the company.
• Research analysts remain optimistic, with five analysts rating the stock as a hold and fourteen issuing a buy rating, leading to a current average target price of $768.71.

Wellington Management Group LLP boosted its position in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 11.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,009,250 shares of the industrial products company's stock after acquiring an additional 208,573 shares during the period. Wellington Management Group LLP owned 1.57% of Parker-Hannifin worth $1,221,323,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mpwm Advisory Solutions LLC purchased a new position in Parker-Hannifin in the 4th quarter worth approximately $32,000. Olde Wealth Management LLC purchased a new position in Parker-Hannifin in the 1st quarter worth approximately $35,000. Chilton Capital Management LLC grew its stake in Parker-Hannifin by 1,500.0% in the 1st 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 in the last quarter. Accent Capital Management LLC purchased a new position in Parker-Hannifin in the 1st quarter worth approximately $41,000. Finally, Sierra Ocean LLC grew its stake in Parker-Hannifin by 89.5% in the 1st quarter. Sierra Ocean LLC now owns 72 shares of the industrial products company's stock worth $44,000 after buying an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 82.44% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on PH shares. Barclays boosted their price target on shares of Parker-Hannifin from $750.00 to $776.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. KeyCorp boosted their price target 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. Mizuho set a $785.00 price target on shares of Parker-Hannifin in a research note on Friday, May 16th. Citigroup reaffirmed a "buy" rating and issued a $831.00 price objective (up previously from $709.00) on shares of Parker-Hannifin in a research note on Monday, July 14th. Finally, Susquehanna began coverage on shares of Parker-Hannifin in a research report on Friday, August 15th. They issued a "positive" rating and a $860.00 target price on the stock. Fourteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Parker-Hannifin currently has a consensus rating of "Moderate Buy" and a consensus price target of $768.71.

Parker-Hannifin Trading Up 2.6%

NYSE:PH traded up $19.3280 during trading hours on Friday, reaching $752.3780. The company's stock had a trading volume of 725,793 shares, compared to its average volume of 767,288. The firm has a 50-day simple moving average of $713.04 and a 200-day simple moving average of $660.65. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $763.99. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19. The firm has a market capitalization of $96.14 billion, a price-to-earnings ratio of 27.74, a PEG ratio of 3.04 and a beta of 1.37.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share (EPS) 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 business had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same quarter last year, the firm earned $6.77 EPS. The company's revenue was up 1.1% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. 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 disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd will be given a $1.80 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.0%. Parker-Hannifin's payout ratio is presently 26.55%.

Insider Transactions at Parker-Hannifin

In other Parker-Hannifin news, VP Thomas C. Gentile sold 1,133 shares of the business's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $729.50, for a total value of $826,523.50. Following the transaction, the vice president owned 5,465 shares in the company, valued at approximately $3,986,717.50. The trade was a 17.17% 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 Matthew A. Jacobson sold 575 shares of the business'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 transaction, the vice president owned 1,000 shares in the company, valued at $733,060. The trade was a 36.51% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,414 shares of company stock valued at $6,883,931. Company insiders own 0.39% of the company's stock.

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.