Jennison Associates LLC lessened its position in Parker-Hannifin Corporation (NYSE:PH – Free Report) by 67.1% in the fourth quarter, HoldingsChannel reports. The fund owned 103,831 shares of the industrial products company’s stock after selling 211,902 shares during the quarter. Jennison Associates LLC’s holdings in Parker-Hannifin were worth $91,263,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in PH. Procyon Advisors LLC grew its stake in Parker-Hannifin by 158,565.9% in the third quarter. Procyon Advisors LLC now owns 5,069,374 shares of the industrial products company’s stock valued at $3,843,346,000 after acquiring an additional 5,066,179 shares during the period. Capital World Investors grew its stake in Parker-Hannifin by 7.0% in the third quarter. Capital World Investors now owns 2,584,141 shares of the industrial products company’s stock valued at $1,959,166,000 after acquiring an additional 169,073 shares during the period. Lazard Freres Gestion S.A.S. acquired a new stake in Parker-Hannifin in the third quarter valued at approximately $103,284,000. California Public Employees Retirement System grew its stake in Parker-Hannifin by 51.3% in the third quarter. California Public Employees Retirement System now owns 336,247 shares of the industrial products company’s stock valued at $254,926,000 after acquiring an additional 114,008 shares during the period. Finally, Freestone Grove Partners LP acquired a new stake in Parker-Hannifin in the third quarter valued at approximately $86,046,000. Institutional investors and hedge funds own 82.44% of the company’s stock.
Key Headlines Impacting Parker-Hannifin
Here are the key news stories impacting Parker-Hannifin this week:
- Positive Sentiment: Q3 beat and raised adjusted-year outlook — Adjusted EPS of $8.17 topped estimates and revenue of $5.49B was a record; management raised FY26 adjusted EPS guidance to $31.20 and repurchased $275M of stock, supporting earnings quality and shareholder returns. Parker-Hannifin Tops Q3 Earnings & Sales Estimates, Updates 26′ View
- Positive Sentiment: Backlog, margins and cash flow strengthened — Company reported a record ~$12.5B backlog, improved adjusted margins and year‑to‑date operating cash flow of $2.6B, which underpins revenue visibility and cash returns. Parker Hannifin Backlog Hits Record $12.5 Billion, Lifts Outlook
- Positive Sentiment: Dividend raise reinforces shareholder policy — Parker increased its quarterly dividend ~11% to $2.00 (70th consecutive year of increases), a positive for income investors. Parker‑Hannifin (PH) Raises Quarterly Dividend 11% to $2.00 per Share
- Neutral Sentiment: Guidance is broadly positive but not a blowout — FY26 adjusted EPS guidance slightly exceeded consensus while revenue guidance (~$21.2B) was roughly in line or marginally below some expectations, leaving little upside surprise for forward estimates. Parker Reports Fiscal 2026 Third Quarter Results
- Negative Sentiment: Sell‑the‑news & GAAP optics weighed on the stock — Despite strong adjusted results, GAAP net income and EPS fell year‑over‑year because last year included a one‑time tax benefit; investors appear to have “sold the news” after results and a guidance lift that fell short of a material upside. Parker‑Hannifin shares slide as investors digest Q3 results and a raised—but not blowout—full-year outlook
- Negative Sentiment: Insider and institutional selling flagged — Recent filings show extensive insider sales and notable institutional reductions, which can amplify downward pressure if investors interpret them as reallocation or confidence signals. Parker‑Hannifin shares slide as investors digest Q3 results and a raised—but not blowout—full-year outlook
Wall Street Analyst Weigh In
Get Our Latest Stock Analysis on PH
Insider Buying and Selling at Parker-Hannifin
In related news, CFO Todd M. Leombruno sold 2,062 shares of Parker-Hannifin stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $1,002.34, for a total transaction of $2,066,825.08. Following the sale, the chief financial officer directly owned 20,610 shares in the company, valued at approximately $20,658,227.40. This trade represents a 9.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Matthew A. Jacobson sold 564 shares of Parker-Hannifin stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $949.94, for a total value of $535,766.16. Following the sale, the vice president owned 1,000 shares in the company, valued at $949,940. This trade represents a 36.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 10,063 shares of company stock valued at $9,891,214 in the last ninety days. 0.32% of the stock is owned by corporate insiders.
Parker-Hannifin Stock Down 3.9%
Shares of NYSE:PH opened at $910.39 on Friday. The stock has a market cap of $114.91 billion, a price-to-earnings ratio of 33.20, a PEG ratio of 3.05 and a beta of 1.25. The company has a quick ratio of 0.66, a current ratio of 1.18 and a debt-to-equity ratio of 0.52. Parker-Hannifin Corporation has a 12-month low of $595.71 and a 12-month high of $1,034.96. The business’s 50 day moving average is $948.12 and its 200 day moving average is $900.79.
Parker-Hannifin (NYSE:PH – Get Free Report) last announced its earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.84 by $0.33. The company had revenue of $5.49 billion for the quarter, compared to analysts’ expectations of $5.40 billion. Parker-Hannifin had a return on equity of 27.56% and a net margin of 17.29%.Parker-Hannifin’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $6.94 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. On average, sell-side analysts forecast that Parker-Hannifin Corporation will post 31.04 earnings per share for the current fiscal year.
Parker-Hannifin Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 8th will be issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 0.9%. This is an increase from Parker-Hannifin’s previous quarterly dividend of $1.80. The ex-dividend date is Friday, May 8th. Parker-Hannifin’s dividend payout ratio is 26.26%.
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.
See Also
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