Sumitomo Life Insurance Co. Sells 171 Shares of Parker-Hannifin Corporation $PH

Sumitomo Life Insurance Co. lessened its stake in Parker-Hannifin Corporation (NYSE:PH) by 3.3% in the second quarter, HoldingsChannel reports. The firm owned 5,000 shares of the industrial products company’s stock after selling 171 shares during the period. Sumitomo Life Insurance Co.’s holdings in Parker-Hannifin were worth $3,492,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in PH. Vanguard Group Inc. boosted its stake in shares of Parker-Hannifin by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 11,023,764 shares of the industrial products company’s stock worth $6,700,795,000 after acquiring an additional 168,990 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of 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 during the last quarter. Wellington Management Group LLP boosted its stake in shares of Parker-Hannifin by 11.6% during the 1st quarter. Wellington Management Group LLP now owns 2,009,250 shares of the industrial products company’s stock worth $1,221,323,000 after acquiring an additional 208,573 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Parker-Hannifin by 0.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,594,347 shares of the industrial products company’s stock worth $969,124,000 after acquiring an additional 11,815 shares during the last quarter. Finally, Nuveen LLC purchased a new position in shares of Parker-Hannifin during the 1st quarter worth $933,089,000. Institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Trading Down 0.2%

Shares of PH stock opened at $772.88 on Friday. Parker-Hannifin Corporation has a 52-week low of $488.45 and a 52-week high of $792.53. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19. The firm has a market capitalization of $97.80 billion, a PE ratio of 28.50, a PEG ratio of 3.21 and a beta of 1.35. The stock has a fifty day simple moving average of $754.74 and a two-hundred day simple moving average of $705.10.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.08 by $0.61. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The business had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.10 billion. During the same quarter in the prior year, the business posted $6.77 EPS. Parker-Hannifin’s revenue for the quarter was up 1.1% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. On average, analysts predict that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 7th will be issued a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, November 7th. Parker-Hannifin’s payout ratio is currently 26.55%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PH. Mizuho lifted 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Parker-Hannifin in a research note on Wednesday, October 8th. Wells Fargo & Company lifted their price target on shares of Parker-Hannifin from $800.00 to $840.00 and gave the stock an “overweight” rating in a research note on Monday, October 6th. Deutsche Bank Aktiengesellschaft cut shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price target on the stock. in a research note on Thursday, September 4th. Finally, Morgan Stanley lifted their price target on shares of Parker-Hannifin from $700.00 to $725.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 9th. Thirteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Parker-Hannifin currently has a consensus rating of “Moderate Buy” and a consensus price target of $794.35.

Insider Buying and Selling

In other Parker-Hannifin news, VP Angela R. Ives sold 810 shares of Parker-Hannifin stock in a transaction on Friday, August 8th. The shares were sold at an average price of $727.36, for a total value of $589,161.60. Following the sale, the vice president directly owned 2,798 shares in the company, valued at approximately $2,035,153.28. The trade was a 22.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Matthew A. Jacobson sold 575 shares of Parker-Hannifin stock in a transaction on Friday, August 8th. The shares were sold at an average price of $733.06, for a total transaction of $421,509.50. Following the completion of the sale, the vice president owned 1,000 shares in the company, valued at approximately $733,060. This represents a 36.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 14,039 shares of company stock worth $10,356,566 in the last 90 days. 0.32% of the stock is owned by company 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.