11,736 Parker-Hannifin Corporation $PH Shares Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. boosted its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 29.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 51,766 shares of the industrial products company’s stock after buying an additional 11,736 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Parker-Hannifin were worth $49,458,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC boosted its holdings in Parker-Hannifin by 234.0% in the second quarter. Proficio Capital Partners LLC now owns 1,954 shares of the industrial products company’s stock valued at $1,911,000 after acquiring an additional 1,369 shares in the last quarter. BNP Paribas increased its position in Parker-Hannifin by 4.1% during the 2nd quarter. BNP Paribas now owns 54,208 shares of the industrial products company’s stock valued at $52,717,000 after purchasing an additional 2,121 shares during the period. Integrated Wealth Concepts LLC raised its holdings in Parker-Hannifin by 86.1% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 3,503 shares of the industrial products company’s stock worth $3,426,000 after purchasing an additional 1,621 shares in the last quarter. National Pension Service raised its holdings in Parker-Hannifin by 3.0% in the 2nd quarter. National Pension Service now owns 367,138 shares of the industrial products company’s stock worth $359,105,000 after purchasing an additional 10,590 shares in the last quarter. Finally, Rakuten Investment Management Inc. bought a new position in Parker-Hannifin in the 2nd quarter worth $19,883,000. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Insider Buying and Selling at Parker-Hannifin

In related news, VP Berend Bracht sold 602 shares of the 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 completion of the transaction, the vice president directly owned 4,399 shares in the company, valued at $4,577,027.53. This trade represents a 12.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.35% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

PH has been the subject of several research analyst reports. Mizuho set a $1,200.00 target price on shares of Parker-Hannifin in a research report on Thursday, October 15th. Argus boosted their price target on shares of Parker-Hannifin from $1,030.00 to $1,200.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Raymond James Financial boosted their price target on shares of Parker-Hannifin from $1,050.00 to $1,250.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. Susquehanna increased their price target on shares of Parker-Hannifin from $1,100.00 to $1,250.00 and gave the stock a “positive” rating in a research note on Friday, August 7th. Finally, 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. Eighteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $1,146.35.

Parker-Hannifin Price Performance

Shares of PH stock opened at $972.53 on Thursday. The stock has a market cap of $122.64 billion, a price-to-earnings ratio of 33.40, a PEG ratio of 2.28 and a beta of 1.15. The business’s fifty day moving average is $945.68 and its 200 day moving average is $949.65. Parker-Hannifin Corporation has a twelve month low of $806.22 and a twelve month high of $1,099.94. The company has a quick ratio of 0.55, a current ratio of 0.94 and a debt-to-equity ratio of 0.79.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data 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. The business had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.81 billion. Parker-Hannifin had a return on equity of 28.80% and a net margin of 16.62%. The firm’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $7.22 earnings per share. Parker-Hannifin has set its FY 2027 guidance at 36.450-37.250 EPS. Research analysts expect that Parker-Hannifin Corporation will post 37.07 EPS 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. Stockholders 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 0.8%. Parker-Hannifin’s dividend payout ratio is currently 27.47%.

Parker-Hannifin Profile

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.