Parker-Hannifin Corporation $PH Stock Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lessened its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 9.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 428,930 shares of the industrial products company’s stock after selling 44,842 shares during the period. Pictet Asset Management Holding SA owned 0.34% of Parker-Hannifin worth $409,831,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Proficio Capital Partners LLC grew its position in shares of Parker-Hannifin by 234.0% in the 2nd quarter. Proficio Capital Partners LLC now owns 1,954 shares of the industrial products company’s stock valued at $1,911,000 after purchasing an additional 1,369 shares during the period. BNP Paribas raised its holdings in Parker-Hannifin by 4.1% during the 2nd quarter. BNP Paribas now owns 54,208 shares of the industrial products company’s stock worth $52,717,000 after buying an additional 2,121 shares during the period. Integrated Wealth Concepts LLC raised its holdings in Parker-Hannifin by 86.1% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 3,503 shares of the industrial products company’s stock worth $3,426,000 after buying an additional 1,621 shares during the period. National Pension Service raised its holdings in Parker-Hannifin by 3.0% during the 2nd quarter. National Pension Service now owns 367,138 shares of the industrial products company’s stock worth $359,105,000 after buying an additional 10,590 shares during the period. Finally, Rakuten Investment Management Inc. bought a new position in Parker-Hannifin in the second quarter valued at approximately $19,883,000. Institutional investors and hedge funds 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

Insider Buying and Selling

In related news, VP Berend Bracht sold 602 shares of the firm’s stock in a transaction on 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 completion of the transaction, the vice president owned 4,399 shares of the company’s stock, valued at approximately $4,577,027.53. This trade represents a 12.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.35% of the company’s stock.

Parker-Hannifin Trading Up 2.6%

NYSE PH opened at $915.21 on Friday. The stock has a market capitalization 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’s 50 day moving average price is $946.34 and its two-hundred day moving average price is $949.24. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.74 and a current ratio of 0.94. Parker-Hannifin Corporation has a 52 week low of $806.22 and a 52 week high of $1,099.94.

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

Parker-Hannifin Announces Dividend

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

Analyst Ratings Changes

Several research firms have recently weighed in on PH. Susquehanna upped their price target on shares of Parker-Hannifin from $1,100.00 to $1,250.00 and gave the company a “positive” rating in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Parker-Hannifin from $998.00 to $1,023.00 and gave the stock a “hold” rating in a report on Wednesday, September 30th. Evercore raised their price objective on shares of Parker-Hannifin from $1,064.00 to $1,217.00 and gave the stock an “outperform” rating in a report on Tuesday, August 11th. Wall Street Zen cut shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Truist Financial upped their target price on shares of Parker-Hannifin from $1,269.00 to $1,358.00 and gave the stock a “buy” rating 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. According to data from MarketBeat.com, Parker-Hannifin presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,146.35.

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.