Parker-Hannifin Corporation $PH Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. lessened its stake in Parker-Hannifin Corporation (NYSE:PH) by 74.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,739 shares of the industrial products company’s stock after selling 28,883 shares during the quarter. QRG Capital Management Inc.’s holdings in Parker-Hannifin were worth $7,384,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in PH. Interchange Capital Partners LLC purchased a new stake in Parker-Hannifin in the second quarter valued at $31,000. State of Wyoming acquired a new stake in shares of Parker-Hannifin during the second quarter worth $38,000. Financial Consulate Inc. acquired a new position in shares of Parker-Hannifin during the third quarter worth about $47,000. Princeton Global Asset Management LLC raised its stake in shares of Parker-Hannifin by 56.1% during the 2nd quarter. Princeton Global Asset Management LLC now owns 64 shares of the industrial products company’s stock worth $45,000 after buying an additional 23 shares in the last quarter. Finally, Sagard Holdings Management Inc. purchased a new stake in shares of Parker-Hannifin during the 2nd quarter worth $46,000. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PH has been the topic of several recent research reports. Citigroup reiterated a “buy” rating on shares of Parker-Hannifin in a research report on Monday, January 12th. Wall Street Zen downgraded shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a research note on Sunday, January 11th. The Goldman Sachs Group boosted their target price on Parker-Hannifin from $900.00 to $1,000.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. BNP Paribas began coverage on Parker-Hannifin in a research report on Thursday, December 4th. They issued an “outperform” rating and a $1,020.00 price objective on the stock. Finally, Truist Financial increased their target price on Parker-Hannifin from $977.00 to $1,097.00 and gave the company a “buy” rating in a research note on Thursday, December 18th. Seventeen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Parker-Hannifin presently has a consensus rating of “Moderate Buy” and an average price target of $946.17.

Insider Buying and Selling

In other news, VP Berend Bracht sold 3,507 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $864.58, for a total transaction of $3,032,082.06. Following the transaction, the vice president directly owned 2,580 shares in the company, valued at approximately $2,230,616.40. This represents a 57.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Andrew D. Ross sold 2,488 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $894.81, for a total transaction of $2,226,287.28. Following the sale, the chief operating officer directly owned 13,120 shares of the company’s stock, valued at approximately $11,739,907.20. This trade represents a 15.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 7,432 shares of company stock worth $6,484,116 in the last 90 days. 0.32% of the stock is owned by company insiders.

Parker-Hannifin Trading Down 0.0%

Shares of PH opened at $944.14 on Friday. Parker-Hannifin Corporation has a one year low of $488.45 and a one year high of $950.00. The stock has a 50-day moving average price of $877.39 and a 200 day moving average price of $791.40. 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 company has a market capitalization of $119.14 billion, a P/E ratio of 33.64, a P/E/G ratio of 3.28 and a beta of 1.25.

Parker-Hannifin (NYSE:PH) last announced its earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.62 by $0.60. Parker-Hannifin had a return on equity of 27.23% and a net margin of 18.17%.The company had revenue of $5.08 billion for the quarter, compared to analyst estimates of $4.94 billion. During the same period in the prior year, the company posted $6.20 EPS. Parker-Hannifin’s quarterly revenue was up 3.7% on a year-over-year basis. 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. Sell-side analysts forecast 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 was paid on Friday, December 5th. Investors of record on Friday, November 7th were paid a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, November 7th. Parker-Hannifin’s payout ratio is currently 25.65%.

About Parker-Hannifin

Parker-Hannifin Corporation (NYSE: PH) is a global manufacturer and provider of motion and control technologies and systems. The company designs, manufactures and services a broad range of engineered components and systems used to control the movement and flow of liquids, gases and hydraulic power. Its product portfolio is applied across demanding environments and includes solutions for industrial manufacturing, aerospace, mobile equipment and other engineered applications.

Parker-Hannifin’s product and service offerings span hydraulic and pneumatic components, fittings and fluid connectors, valves, pumps and motors, electromechanical actuators and motion-control systems, filtration and separation products, and seals and sealing systems.