Voya Investment Management LLC Trims Stock Holdings in Parker-Hannifin Corporation $PH

Voya Investment Management LLC lessened its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 16.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 456,377 shares of the industrial products company’s stock after selling 88,539 shares during the quarter. Voya Investment Management LLC owned 0.36% of Parker-Hannifin worth $345,181,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Parker-Hannifin by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 11,125,240 shares of the industrial products company’s stock worth $7,770,646,000 after acquiring an additional 101,476 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Parker-Hannifin by 52.6% in the first 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 purchasing an additional 842,262 shares during the period. Invesco Ltd. lifted its stake in Parker-Hannifin by 1.8% during the second quarter. Invesco Ltd. now owns 2,345,922 shares of the industrial products company’s stock worth $1,638,556,000 after purchasing an additional 41,221 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Parker-Hannifin by 4.4% during the second quarter. Ameriprise Financial Inc. now owns 2,194,687 shares of the industrial products company’s stock worth $1,533,177,000 after purchasing an additional 92,913 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Parker-Hannifin by 0.7% during the second quarter. JPMorgan Chase & Co. now owns 2,075,234 shares of the industrial products company’s stock worth $1,449,496,000 after buying an additional 14,534 shares during the period. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Parker-Hannifin

In other Parker-Hannifin news, COO Andrew D. Ross sold 2,488 shares of Parker-Hannifin stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $894.81, for a total transaction of $2,226,287.28. Following the completion of the sale, the chief operating officer directly owned 13,120 shares of the company’s stock, valued at $11,739,907.20. The trade was a 15.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Rachid Bendali sold 1,437 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $852.99, for a total value of $1,225,746.63. Following the sale, the vice president owned 2,714 shares of the company’s stock, valued at approximately $2,315,014.86. The trade was a 34.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 7,432 shares of company stock worth $6,484,116 over the last ninety days. Corporate insiders own 0.32% of the company’s stock.

Parker-Hannifin Stock Up 0.5%

Shares of NYSE:PH opened at $867.42 on Friday. Parker-Hannifin Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $908.35. The firm’s 50 day moving average price is $817.48 and its 200 day moving average price is $756.26. The company has a quick ratio of 0.61, a current ratio of 1.07 and a debt-to-equity ratio of 0.54. The stock has a market cap of $109.46 billion, a price-to-earnings ratio of 30.90, a price-to-earnings-growth ratio of 3.00 and a beta of 1.25.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings results on Thursday, November 6th. The industrial products company reported $7.22 EPS for the quarter, topping the consensus estimate of $6.62 by $0.60. Parker-Hannifin had a net margin of 18.17% and a return on equity of 27.23%. The company had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $4.94 billion. During the same quarter in the previous year, the business posted $6.20 EPS. The firm’s revenue was up 3.7% on a year-over-year basis. 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. As a group, equities research analysts predict that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 7th were issued a $1.80 dividend. This represents a $7.20 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, November 7th. Parker-Hannifin’s dividend payout ratio is 25.65%.

Analyst Upgrades and Downgrades

PH has been the topic of several research analyst reports. Wall Street Zen downgraded Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Friday, November 28th. Barclays lifted their target price on Parker-Hannifin from $906.00 to $950.00 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Mizuho boosted their price target on shares of Parker-Hannifin from $800.00 to $825.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. The Goldman Sachs Group lifted their price objective on shares of Parker-Hannifin from $900.00 to $1,000.00 and gave the company a “buy” rating in a report on Tuesday. Finally, BNP Paribas assumed coverage on shares of Parker-Hannifin in a report on Thursday, December 4th. They set an “outperform” rating and a $1,020.00 target price on the stock. Fifteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Parker-Hannifin presently has an average rating of “Moderate Buy” and an average price target of $911.65.

Parker-Hannifin Company 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.