Parker-Hannifin Corporation $PH Position Increased by Procyon Advisors LLC

Procyon Advisors LLC increased its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 158,565.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,069,374 shares of the industrial products company’s stock after purchasing an additional 5,066,179 shares during the period. Parker-Hannifin makes up approximately 69.6% of Procyon Advisors LLC’s portfolio, making the stock its largest position. Procyon Advisors LLC’s holdings in Parker-Hannifin were worth $3,843,346,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in PH. Quadrant Capital Group LLC increased its holdings in Parker-Hannifin by 20.1% in the second quarter. Quadrant Capital Group LLC now owns 3,610 shares of the industrial products company’s stock valued at $2,521,000 after buying an additional 604 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Parker-Hannifin during the 2nd quarter worth approximately $733,000. Vanguard Group Inc. boosted its stake in shares of Parker-Hannifin by 0.9% during 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 in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Parker-Hannifin by 0.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,075,234 shares of the industrial products company’s stock worth $1,449,496,000 after acquiring an additional 14,534 shares during the period. Finally, AXA S.A. increased its stake in Parker-Hannifin by 61.1% in the 2nd quarter. AXA S.A. now owns 152,118 shares of the industrial products company’s stock valued at $106,250,000 after purchasing an additional 57,670 shares in the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Parker-Hannifin Price Performance

NYSE:PH opened at $935.75 on Thursday. Parker-Hannifin Corporation has a 12-month low of $488.45 and a 12-month high of $939.97. The firm has a market cap of $118.08 billion, a price-to-earnings ratio of 33.34, a price-to-earnings-growth ratio of 3.26 and a beta of 1.25. The company’s 50-day moving average is $873.21 and its two-hundred day moving average is $788.01. The company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 0.54.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share for the quarter, beating the consensus estimate of $6.62 by $0.60. Parker-Hannifin had a return on equity of 27.23% and a net margin of 18.17%.The company had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $4.94 billion. During the same period in the previous year, the firm posted $6.20 EPS. Parker-Hannifin’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. Research analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Stifel Nicolaus upped their target price on Parker-Hannifin from $850.00 to $869.00 and gave the company a “hold” rating in a report on Tuesday, December 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a research note on Wednesday, October 8th. The Goldman Sachs Group raised their target price on shares of Parker-Hannifin from $900.00 to $1,000.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. Wells Fargo & Company upped their price target on shares of Parker-Hannifin from $925.00 to $1,000.00 and gave the company an “overweight” rating in a report on Wednesday, January 7th. Finally, Robert W. Baird increased their price target on shares of Parker-Hannifin from $930.00 to $960.00 and gave the company an “outperform” rating in a research report on Wednesday, November 12th. Seventeen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Parker-Hannifin has an average rating of “Moderate Buy” and an average price target of $944.33.

Insiders Place Their Bets

In related news, VP Rachid Bendali sold 1,437 shares of the company’s 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 transaction, the vice president owned 2,714 shares of the company’s stock, valued at approximately $2,315,014.86. This represents a 34.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Berend Bracht sold 3,507 shares of Parker-Hannifin 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 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. In the last ninety days, insiders have sold 7,432 shares of company stock valued at $6,484,116. Insiders own 0.32% of the company’s stock.

About Parker-Hannifin

Parker-Hannifin Corporation (NYSE: PH) is a global manufacturer and provider of motion and control technologies and systems. The company designs, manufactures and services a broad range of engineered components and systems used to control the movement and flow of liquids, gases and hydraulic power. Its product portfolio is applied across demanding environments and includes solutions for industrial manufacturing, aerospace, mobile equipment and other engineered applications.

Parker-Hannifin’s product and service offerings span hydraulic and pneumatic components, fittings and fluid connectors, valves, pumps and motors, electromechanical actuators and motion-control systems, filtration and separation products, and seals and sealing systems.