Parker-Hannifin Corporation $PH is Tema Etfs LLC’s 9th Largest Position

Tema Etfs LLC lowered its holdings in Parker-Hannifin Corporation (NYSE:PH) by 33.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,688 shares of the industrial products company’s stock after selling 4,964 shares during the period. Parker-Hannifin makes up 1.8% of Tema Etfs LLC’s portfolio, making the stock its 9th biggest position. Tema Etfs LLC’s holdings in Parker-Hannifin were worth $6,767,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in PH. Vanguard Group Inc. boosted its position in shares of Parker-Hannifin by 0.9% in the second quarter. Vanguard Group Inc. now owns 11,125,240 shares of the industrial products company’s stock worth $7,770,646,000 after buying an additional 101,476 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Parker-Hannifin by 52.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,443,104 shares of the industrial products company’s stock worth $1,485,042,000 after acquiring an additional 842,262 shares in the last quarter. Invesco Ltd. boosted its holdings in Parker-Hannifin by 1.8% in the 2nd quarter. Invesco Ltd. now owns 2,345,922 shares of the industrial products company’s stock worth $1,638,556,000 after acquiring an additional 41,221 shares during the period. JPMorgan Chase & Co. grew its position in Parker-Hannifin by 0.7% in the second quarter. JPMorgan Chase & Co. now owns 2,075,234 shares of the industrial products company’s stock valued at $1,449,496,000 after acquiring an additional 14,534 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in Parker-Hannifin by 11.6% in the first 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. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Insider Activity

In related news, VP Rachid Bendali sold 1,437 shares of the stock in a transaction that occurred 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 completion of the sale, the vice president directly owned 2,714 shares of the company’s stock, valued at $2,315,014.86. This represents a 34.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Berend Bracht sold 3,507 shares of Parker-Hannifin stock in a transaction that occurred on Wednesday, November 12th. The stock was 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 in the company, valued at approximately $2,230,616.40. This trade represents a 57.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PH shares. Cowen restated 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 report on Tuesday, August 19th. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price objective for the company. in a report on Thursday, September 4th. Finally, Citigroup lifted their target price on Parker-Hannifin from $831.00 to $874.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Fifteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $872.00.

Parker-Hannifin Price Performance

Shares of PH opened at $873.11 on Friday. Parker-Hannifin Corporation has a one year low of $488.45 and a one year high of $879.66. The firm has a market capitalization of $110.18 billion, a price-to-earnings ratio of 31.10, a price-to-earnings-growth ratio of 3.02 and a beta of 1.25. The stock’s fifty day moving average is $792.81 and its 200-day moving average is $741.51. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.61 and a current ratio of 1.07.

Parker-Hannifin (NYSE:PH) last released its earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share for the quarter, topping analysts’ consensus estimates of $6.62 by $0.60. Parker-Hannifin had a return on equity of 27.23% and a net margin of 18.17%.The firm had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $4.94 billion. During the same period in the prior year, the firm posted $6.20 earnings per share. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 29.600-30.400 EPS and its FY 2026 guidance at 29.600-30.400 EPS. Equities analysts anticipate that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 7th will be given a $1.80 dividend. The ex-dividend date is Friday, November 7th. This represents a $7.20 annualized dividend and a yield of 0.8%. Parker-Hannifin’s payout ratio is 25.65%.

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.