Parker-Hannifin Corporation $PH Shares Acquired by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. lifted its position in Parker-Hannifin Corporation (NYSE:PH) by 11.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,317 shares of the industrial products company’s stock after acquiring an additional 229 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Parker-Hannifin were worth $1,619,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Parker-Hannifin by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 11,023,764 shares of the industrial products company’s stock valued at $6,700,795,000 after acquiring an additional 168,990 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Parker-Hannifin by 52.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,443,104 shares of the industrial products company’s stock valued at $1,485,042,000 after acquiring an additional 842,262 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Parker-Hannifin by 11.6% in the 1st quarter. Wellington Management Group LLP now owns 2,009,250 shares of the industrial products company’s stock valued at $1,221,323,000 after acquiring an additional 208,573 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Parker-Hannifin by 0.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,594,347 shares of the industrial products company’s stock valued at $969,124,000 after acquiring an additional 11,815 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Parker-Hannifin in the 1st quarter valued at approximately $933,089,000. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Stock Performance

Shares of PH opened at $772.88 on Monday. The company’s fifty day moving average is $754.74 and its 200-day moving average is $706.13. Parker-Hannifin Corporation has a 12 month low of $488.45 and a 12 month high of $792.53. The firm has a market cap of $97.80 billion, a price-to-earnings ratio of 28.50, a price-to-earnings-growth ratio of 3.21 and a beta of 1.35. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 0.55.

Parker-Hannifin (NYSE:PH) last posted its earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.08 by $0.61. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The business had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same period last year, the business posted $6.77 EPS. Parker-Hannifin’s revenue was up 1.1% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Equities analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 7th will be paid a $1.80 dividend. The ex-dividend date is Friday, November 7th. This represents a $7.20 dividend on an annualized basis and a yield of 0.9%. Parker-Hannifin’s dividend payout ratio (DPR) is presently 26.55%.

Insiders Place Their Bets

In other Parker-Hannifin news, VP Thomas C. Gentile sold 1,133 shares of the stock in a transaction on Friday, August 8th. The shares were sold at an average price of $729.50, for a total value of $826,523.50. Following the completion of the sale, the vice president directly owned 5,465 shares of the company’s stock, valued at $3,986,717.50. This represents a 17.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Joseph R. Leonti sold 4,625 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $750.84, for a total transaction of $3,472,635.00. Following the completion of the sale, the executive vice president directly owned 13,878 shares of the company’s stock, valued at approximately $10,420,157.52. This trade represents a 25.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 14,039 shares of company stock worth $10,356,566 in the last ninety days. 0.32% of the stock is owned by insiders.

Analyst Ratings Changes

PH has been the subject of several research analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Parker-Hannifin in a research report on Wednesday, October 8th. Cowen reiterated a “hold” rating on shares of Parker-Hannifin in a research note on Friday, August 29th. Evercore ISI reiterated an “outperform” rating on shares of Parker-Hannifin in a research note on Tuesday, August 19th. Wells Fargo & Company upped their price objective on shares of Parker-Hannifin from $800.00 to $840.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. Finally, Stifel Nicolaus dropped their price objective on shares of Parker-Hannifin from $726.00 to $723.00 and set a “hold” rating on the stock in a research note on Monday, October 20th. Thirteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $794.35.

About Parker-Hannifin

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to ensure purity and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors used in fluid and gas handling; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.