Parker-Hannifin Corporation $PH Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. raised its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 20.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,819 shares of the industrial products company’s stock after buying an additional 8,132 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Parker-Hannifin were worth $33,400,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Westpac Banking Corp boosted its holdings in Parker-Hannifin by 8.2% during the 2nd quarter. Westpac Banking Corp now owns 853 shares of the industrial products company’s stock valued at $596,000 after acquiring an additional 65 shares during the period. Western Wealth Management LLC lifted its position in shares of Parker-Hannifin by 4.2% during the second quarter. Western Wealth Management LLC now owns 3,235 shares of the industrial products company’s stock worth $2,260,000 after purchasing an additional 131 shares in the last quarter. Summitry LLC purchased a new position in shares of Parker-Hannifin in the second quarter valued at approximately $231,000. Rockefeller Capital Management L.P. boosted its stake in shares of Parker-Hannifin by 6.5% in the second quarter. Rockefeller Capital Management L.P. now owns 131,602 shares of the industrial products company’s stock valued at $91,920,000 after purchasing an additional 8,036 shares during the period. Finally, Citizens Financial Group Inc. RI grew its holdings in shares of Parker-Hannifin by 1.6% in the second quarter. Citizens Financial Group Inc. RI now owns 33,448 shares of the industrial products company’s stock valued at $23,362,000 after purchasing an additional 513 shares in the last quarter. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Stock Down 0.5%

Parker-Hannifin stock opened at $816.88 on Wednesday. The stock has a market cap of $103.08 billion, a PE ratio of 30.12, a P/E/G ratio of 3.21 and a beta of 1.37. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71. The stock’s fifty day moving average is $770.01 and its two-hundred day moving average is $725.92. Parker-Hannifin Corporation has a 1-year low of $488.45 and a 1-year high of $869.36.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings data on Thursday, November 6th. The industrial products company reported $7.22 EPS for the quarter, beating analysts’ consensus estimates of $6.62 by $0.60. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The business had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $4.94 billion. During the same quarter in the prior year, the business posted $6.20 EPS. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 29.600-30.400 EPS. FY 2026 guidance at 29.600-30.400 EPS. On average, sell-side analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 7th will be issued a dividend of $1.80 per share. The ex-dividend date of this dividend 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 25.65%.

Insider Transactions at Parker-Hannifin

In related news, VP Rachid Bendali sold 1,437 shares of Parker-Hannifin stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $852.99, for a total transaction of $1,225,746.63. Following the sale, the vice president directly owned 2,714 shares in the company, valued at $2,315,014.86. This trade represents a 34.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Berend Bracht sold 3,507 shares of the company’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $864.58, for a total transaction of $3,032,082.06. Following the completion of the transaction, the vice president owned 2,580 shares of the company’s stock, valued at $2,230,616.40. This represents a 57.61% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 9,569 shares of company stock worth $7,730,464. 0.32% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have issued reports on PH. Barclays increased their target price on shares of Parker-Hannifin from $785.00 to $906.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Wall Street Zen upgraded Parker-Hannifin from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. Mizuho boosted their target price on Parker-Hannifin from $800.00 to $825.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Citigroup increased their price target on Parker-Hannifin from $831.00 to $874.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Finally, Cowen reiterated a “hold” rating on shares of Parker-Hannifin in a research note on Friday, August 29th. Fourteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $860.71.

Parker-Hannifin Profile

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.