Vanguard Personalized Indexing Management LLC Buys 3,220 Shares of Parker-Hannifin Corporation $PH

Vanguard Personalized Indexing Management LLC lifted its stake in Parker-Hannifin Corporation (NYSE:PH) by 22.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 17,461 shares of the industrial products company’s stock after purchasing an additional 3,220 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Parker-Hannifin were worth $12,198,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Parker-Hannifin by 1.6% during the first quarter. Vanguard Group Inc. now owns 11,023,764 shares of the industrial products company’s stock valued at $6,700,795,000 after purchasing an additional 168,990 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Parker-Hannifin by 52.6% during 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 in the last quarter. Wellington Management Group LLP raised its position in Parker-Hannifin by 11.6% during 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 purchasing an additional 208,573 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Parker-Hannifin by 0.7% during the first 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 purchasing an additional 11,815 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Parker-Hannifin during the first quarter valued at approximately $933,089,000. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Parker-Hannifin Stock Down 3.0%

Shares of NYSE:PH opened at $716.31 on Monday. The company has a market capitalization of $90.64 billion, a PE ratio of 26.41, a price-to-earnings-growth ratio of 2.97 and a beta of 1.35. Parker-Hannifin Corporation has a 52-week low of $488.45 and a 52-week high of $779.77. The company has a fifty day moving average of $748.97 and a 200-day moving average of $685.90. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 earnings per share for the quarter, beating analysts’ consensus estimates of $7.08 by $0.61. The business had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.10 billion. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.Parker-Hannifin’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the business posted $6.77 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. On average, equities analysts predict 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 was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were issued a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Tuesday, September 2nd. Parker-Hannifin’s dividend payout ratio is presently 26.55%.

Wall Street Analysts Forecast Growth

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. Susquehanna initiated coverage on shares of Parker-Hannifin in a research report on Friday, August 15th. They set a “positive” rating and a $860.00 price objective for the company. Stifel Nicolaus boosted their price objective on shares of Parker-Hannifin from $717.00 to $726.00 and gave the company a “hold” rating in a research report on Friday, August 8th. Deutsche Bank Aktiengesellschaft downgraded shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price target for the company. in a report on Thursday, September 4th. Finally, Raymond James Financial upped their price target on shares of Parker-Hannifin from $735.00 to $845.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Fourteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $786.78.

Insiders Place Their Bets

In related news, EVP Joseph R. Leonti sold 4,625 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $750.84, for a total value of $3,472,635.00. Following the completion of the sale, the executive vice president directly owned 13,878 shares in the company, valued at $10,420,157.52. This represents a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Matthew A. Jacobson sold 575 shares of the stock in a transaction on Friday, August 8th. The shares were sold at an average price of $733.06, for a total value of $421,509.50. Following the completion of the sale, the vice president owned 1,000 shares of the company’s stock, valued at $733,060. The trade was a 36.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,039 shares of company stock valued at $10,356,566 over the last ninety days. 0.32% of the stock is currently owned by corporate insiders.

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.