Parker-Hannifin (NYSE:PH) COO Sells $2,226,287.28 in Stock

Parker-Hannifin Corporation (NYSE:PH) COO Andrew Ross sold 2,488 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $894.81, for a total value of $2,226,287.28. Following the sale, the chief operating officer directly owned 13,120 shares of the company’s stock, valued at $11,739,907.20. This represents a 15.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Parker-Hannifin Stock Performance

Shares of NYSE PH traded down $1.17 during trading on Monday, hitting $883.70. The company had a trading volume of 544,614 shares, compared to its average volume of 706,280. Parker-Hannifin Corporation has a 12 month low of $488.45 and a 12 month high of $908.35. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.61 and a current ratio of 1.07. The firm has a market capitalization of $111.51 billion, a P/E ratio of 31.48, a price-to-earnings-growth ratio of 3.08 and a beta of 1.25. The stock has a 50 day simple moving average of $807.88 and a 200 day simple moving average of $751.72.

Parker-Hannifin (NYSE:PH) last released its earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.62 by $0.60. Parker-Hannifin had a net margin of 18.17% and a return on equity of 27.23%. The company had revenue of $5.08 billion during the quarter, compared to analyst estimates of $4.94 billion. During the same period in the prior year, the firm posted $6.20 EPS. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 29.600-30.400 EPS and its FY 2026 guidance at 29.600-30.400 EPS. As a group, analysts anticipate that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 7th were paid a dividend of $1.80 per share. The ex-dividend date was Friday, November 7th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.8%. Parker-Hannifin’s payout ratio is 25.65%.

Institutional Investors Weigh In On Parker-Hannifin

A number of hedge funds have recently made changes to their positions in the company. Swiss Life Asset Management Ltd raised its holdings in shares of Parker-Hannifin by 14.3% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 36,990 shares of the industrial products company’s stock worth $28,044,000 after acquiring an additional 4,631 shares in the last quarter. Groupama Asset Managment increased its position in Parker-Hannifin by 9.8% in the third quarter. Groupama Asset Managment now owns 166,089 shares of the industrial products company’s stock worth $125,920,000 after purchasing an additional 14,836 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new stake in Parker-Hannifin during the third quarter valued at $13,365,000. Achmea Investment Management B.V. lifted its position in Parker-Hannifin by 79.3% during the third quarter. Achmea Investment Management B.V. now owns 28,731 shares of the industrial products company’s stock valued at $21,782,000 after purchasing an additional 12,707 shares during the last quarter. Finally, Oarsman Capital Inc. grew its stake in shares of Parker-Hannifin by 4.4% in the 3rd quarter. Oarsman Capital Inc. now owns 3,969 shares of the industrial products company’s stock worth $3,009,000 after buying an additional 166 shares in the last quarter. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on PH. Evercore ISI reaffirmed an “outperform” rating on shares of Parker-Hannifin in a report on Tuesday, August 19th. Cowen restated a “hold” rating on shares of Parker-Hannifin in a research report on Friday, August 29th. Wall Street Zen cut Parker-Hannifin from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Argus reissued a “buy” rating and set a $900.00 target price on shares of Parker-Hannifin in a research note on Monday, November 10th. Finally, Wells Fargo & Company boosted their price target on Parker-Hannifin from $840.00 to $925.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Fourteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $889.50.

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.