Generali Asset Management SPA SGR lowered its stake in shares of Parker-Hannifin Corporation (NYSE:PH – Free Report) by 16.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,715 shares of the industrial products company’s stock after selling 1,953 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Parker-Hannifin were worth $6,786,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Wealth Preservation Advisors LLC bought a new stake in shares of Parker-Hannifin during the 1st quarter worth $27,000. Saudi Central Bank bought a new stake in Parker-Hannifin during the first quarter valued at about $31,000. Olde Wealth Management LLC bought a new stake in Parker-Hannifin during the first quarter valued at about $35,000. Chilton Capital Management LLC boosted its holdings in Parker-Hannifin by 1,500.0% during the first quarter. Chilton Capital Management LLC now owns 64 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 60 shares during the period. Finally, Accent Capital Management LLC bought a new stake in Parker-Hannifin during the first quarter valued at about $41,000. 82.44% of the stock is owned by institutional investors.
Insider Buying and Selling at Parker-Hannifin
In related news, VP Thomas C. Gentile sold 1,133 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $729.50, for a total transaction of $826,523.50. Following the completion of the transaction, the vice president owned 5,465 shares in the company, valued at $3,986,717.50. This trade represents a 17.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Andrew D. Ross sold 4,361 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $732.66, for a total value of $3,195,130.26. Following the transaction, the chief operating officer owned 13,120 shares of the company’s stock, valued at $9,612,499.20. This trade represents a 24.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,039 shares of company stock worth $10,356,566 over the last three months. 0.32% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Get Our Latest Research Report on Parker-Hannifin
Parker-Hannifin Stock Down 0.1%
Shares of PH stock opened at $736.06 on Thursday. The stock has a market cap of $93.14 billion, a P/E ratio of 27.14, a price-to-earnings-growth ratio of 3.04 and a beta of 1.35. Parker-Hannifin Corporation has a one year low of $488.45 and a one year high of $779.77. The stock has a fifty day moving average price of $750.39 and a 200 day moving average price of $687.48. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71.
Parker-Hannifin (NYSE:PH – Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 EPS for the quarter, topping analysts’ consensus estimates of $7.08 by $0.61. The company had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.10 billion. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period last year, the firm earned $6.77 EPS. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Analysts predict that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.
Parker-Hannifin Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $1.80 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $7.20 dividend on an annualized basis and a yield of 1.0%. Parker-Hannifin’s dividend payout ratio (DPR) is currently 26.55%.
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.
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