640 Shares in Parker-Hannifin Corporation $PH Acquired by Ninety One UK Ltd

Ninety One UK Ltd acquired a new position in shares of Parker-Hannifin Corporation (NYSE:PH) during the third quarter, Holdings Channel reports. The institutional investor acquired 640 shares of the industrial products company’s stock, valued at approximately $611,000.

Several other institutional investors have also recently made changes to their positions in the company. Polaris Financial Partners acquired a new position in shares of Parker-Hannifin in the 3rd quarter valued at $26,000. Archer Investment Corp purchased a new stake in Parker-Hannifin during the second quarter worth $28,000. NFSG Corp grew its position in Parker-Hannifin by 94.4% during the first quarter. NFSG Corp now owns 35 shares of the industrial products company’s stock valued at $31,000 after buying an additional 17 shares during the period. Bell Investment Advisors Inc acquired a new stake in Parker-Hannifin during the second quarter valued at $35,000. Finally, Brown Lisle Cummings Inc. increased its holdings in Parker-Hannifin by 76.0% in the first quarter. Brown Lisle Cummings Inc. now owns 44 shares of the industrial products company’s stock valued at $39,000 after buying an additional 19 shares in the last quarter. 82.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Parker-Hannifin

In other news, VP Berend Bracht sold 602 shares of Parker-Hannifin stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $1,040.47, for a total value of $626,362.94. Following the sale, the vice president owned 4,399 shares in the company, valued at $4,577,027.53. This trade represents a 12.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.35% of the stock is currently owned by insiders.

Parker-Hannifin Trading Up 0.7%

Shares of NYSE:PH opened at $962.94 on Friday. Parker-Hannifin Corporation has a 1 year low of $721.17 and a 1 year high of $1,099.94. The firm has a market capitalization of $121.44 billion, a price-to-earnings ratio of 33.80, a price-to-earnings-growth ratio of 2.67 and a beta of 1.12. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.26 and a quick ratio of 0.74. The business’s 50 day moving average price is $982.40 and its 200-day moving average price is $949.90.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings results on Thursday, August 6th. The industrial products company reported $9.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.31 by $0.96. The firm had revenue of $5.75 billion for the quarter, compared to analysts’ expectations of $5.57 billion. Parker-Hannifin had a net margin of 16.97% and a return on equity of 28.48%. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the company earned $7.69 EPS. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. On average, equities research analysts forecast that Parker-Hannifin Corporation will post 35.56 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Monday, August 31st were issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, August 31st. Parker-Hannifin’s dividend payout ratio (DPR) is presently 28.08%.

Analysts Set New Price Targets

A number of research analysts have weighed in on PH shares. Argus upped their price objective on shares of Parker-Hannifin from $1,030.00 to $1,200.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Jefferies Financial Group increased their target price on shares of Parker-Hannifin from $1,100.00 to $1,275.00 in a research note on Friday, August 7th. TD Cowen raised their target price on Parker-Hannifin from $850.00 to $950.00 and gave the company a “hold” rating in a research report on Wednesday. Evercore lifted their price target on Parker-Hannifin from $1,064.00 to $1,217.00 and gave the company an “outperform” rating in a research note on Tuesday, August 11th. Finally, Stifel Nicolaus set a $1,075.00 price target on Parker-Hannifin in a research note on Friday, August 7th. Eighteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Parker-Hannifin currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,149.52.

About Parker-Hannifin

Parker-Hannifin Corporation is a diversified manufacturer of motion and control technologies. The company develops and produces components and systems that manage the movement and control of liquids, gases and mechanical force across industrial, mobile and aerospace applications.

Its product portfolio includes hydraulic and pneumatic systems, electromechanical technologies, filtration and fluid-management equipment, seals and shielding products, connectors, pumps, valves, sensors, thermal-management solutions and related engineered systems.