Parker-Hannifin Corporation $PH Stock Purchased by Candriam S.C.A.

Candriam S.C.A. boosted its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 7.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 75,944 shares of the industrial products company’s stock after acquiring an additional 5,016 shares during the period. Candriam S.C.A. owned 0.06% of Parker-Hannifin worth $72,824,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in PH. E Fund Management Co. Ltd. boosted its position in shares of Parker-Hannifin by 2.1% in the 2nd quarter. E Fund Management Co. Ltd. now owns 477 shares of the industrial products company’s stock worth $467,000 after purchasing an additional 10 shares during the last quarter. Allen Capital Group LLC increased its holdings in Parker-Hannifin by 4.8% in the first quarter. Allen Capital Group LLC now owns 264 shares of the industrial products company’s stock valued at $236,000 after purchasing an additional 12 shares during the last quarter. Doliver Advisors LP increased its holdings in Parker-Hannifin by 0.6% in the second quarter. Doliver Advisors LP now owns 2,011 shares of the industrial products company’s stock valued at $1,967,000 after purchasing an additional 12 shares during the last quarter. Bullock Wealth Management Group lifted its stake in Parker-Hannifin by 1.6% in the third quarter. Bullock Wealth Management Group now owns 754 shares of the industrial products company’s stock valued at $728,000 after buying an additional 12 shares during the period. Finally, Wedbush Securities Inc. boosted its holdings in Parker-Hannifin by 0.8% during the third quarter. Wedbush Securities Inc. now owns 1,510 shares of the industrial products company’s stock worth $1,442,000 after buying an additional 12 shares during the last quarter. Institutional investors own 82.44% of the company’s stock.

More Parker-Hannifin News

Here are the key news stories impacting Parker-Hannifin this week:

• Positive Sentiment: Results and outlook topped expectations. Fiscal Q1 sales rose 18% to a record $6.0 billion, with organic growth of 11.5%. Adjusted EPS of $8.90 beat the $8.21 consensus estimate. PH raised FY2027 adjusted EPS guidance to $36.45–$37.25, above analyst estimates, and forecast revenue of $24.9–$25.6 billion, also ahead of consensus. Company earnings release
• Positive Sentiment: Broad demand and operating performance strengthened the growth case. Management cited increased demand across market verticals and record backlog levels. Adjusted segment operating margin expanded to 28.6%, up 120 basis points year over year; the company also raised its outlook for organic sales growth, margins and free cash flow. Zacks earnings analysis
• Neutral Sentiment: Truist lowered its price target but maintained a Buy rating. The firm cut its target to $1,237 from $1,358, a less bullish valuation view that nonetheless remains consistent with a positive recommendation. Truist price-target update
• Neutral Sentiment: PH is scheduled to present at the Robert W. Baird Global Industrial Conference on November 10. The announcement did not provide new financial details. Conference announcement

Parker-Hannifin Stock Up 2.6%

NYSE:PH opened at $915.21 on Friday. Parker-Hannifin Corporation has a 1 year low of $806.22 and a 1 year high of $1,099.94. The company has a current ratio of 0.94, a quick ratio of 0.74 and a debt-to-equity ratio of 0.79. The stock has a market cap of $115.42 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 2.56 and a beta of 1.15. The stock has a 50-day moving average price of $946.34 and a two-hundred day moving average price of $949.24.

Parker-Hannifin (NYSE:PH) last posted its earnings results on Thursday, November 5th. The industrial products company reported $8.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.21 by $0.69. Parker-Hannifin had a return on equity of 28.80% and a net margin of 16.62%. The business had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.81 billion. During the same period in the prior year, the business earned $7.22 EPS. Parker-Hannifin’s revenue for the quarter was up 17.9% compared to the same quarter last year. Parker-Hannifin has set its FY 2027 guidance at 36.450-37.250 EPS. As a group, equities analysts expect that Parker-Hannifin Corporation will post 37.06 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 13th will be given a $2.00 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.9%. Parker-Hannifin’s payout ratio is currently 27.47%.

Analysts Set New Price Targets

Several research firms have recently issued reports on PH. Wells Fargo & Company started coverage on Parker-Hannifin in a research report on Thursday, September 24th. They set an “equal weight” rating and a $1,050.00 target price for the company. Citigroup lifted their price objective on shares of Parker-Hannifin from $1,232.00 to $1,234.00 and gave the stock a “buy” rating in a research note on Monday, October 12th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Parker-Hannifin from $998.00 to $1,023.00 and gave the company a “hold” rating in a report on Wednesday, September 30th. KeyCorp upped their target price on shares of Parker-Hannifin from $1,100.00 to $1,210.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Finally, TD Cowen increased their target price on shares of Parker-Hannifin from $850.00 to $950.00 and gave the stock a “hold” rating in a report on Wednesday, October 14th. Eighteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Parker-Hannifin has an average rating of “Moderate Buy” and a consensus price target of $1,146.35.

Insider Transactions at Parker-Hannifin

In other news, VP Berend Bracht sold 602 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $1,040.47, for a total transaction of $626,362.94. Following the sale, the vice president owned 4,399 shares in the company, valued at $4,577,027.53. This represents a 12.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.35% of the company’s stock.

About Parker-Hannifin

Parker-Hannifin is a global manufacturer of motion and control technologies. Its products include hydraulic and pneumatic systems, fluid connectors, filtration and sealing products, electromechanical components, and systems for aerospace and climate control applications.

The company serves customers across industries such as aerospace, manufacturing, transportation, energy, and life sciences. Its operations span markets around the world, with businesses organized around industrial and aerospace products and services.

Founded in 1917 by Arthur L.