Boston Partners Has $173.82 Million Stake in Parker-Hannifin Corporation $PH

Boston Partners lowered its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 39.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 248,843 shares of the industrial products company’s stock after selling 164,095 shares during the quarter. Boston Partners’ holdings in Parker-Hannifin were worth $173,821,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Wealth Preservation Advisors LLC acquired a new stake in Parker-Hannifin during the 1st quarter worth approximately $27,000. Interchange Capital Partners LLC bought a new stake in shares of Parker-Hannifin during the second quarter worth $31,000. Saudi Central Bank acquired a new stake in shares of Parker-Hannifin during the first quarter worth $31,000. Princeton Global Asset Management LLC lifted its position in Parker-Hannifin by 56.1% in the 2nd quarter. Princeton Global Asset Management LLC now owns 64 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 23 shares in the last quarter. Finally, Accent Capital Management LLC acquired a new position in Parker-Hannifin in the 1st quarter worth $41,000. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Joseph R. Leonti sold 4,625 shares of the business’s stock in a transaction dated Monday, August 25th. The shares were 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 owned 13,878 shares of the company’s stock, valued at approximately $10,420,157.52. The trade was a 25.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.32% of the company’s stock.

Parker-Hannifin Price Performance

Shares of NYSE PH opened at $858.11 on Wednesday. Parker-Hannifin Corporation has a twelve month low of $488.45 and a twelve month high of $866.72. The business’s 50 day moving average price is $762.26 and its two-hundred day moving average price is $717.96. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 0.55. The company has a market cap of $108.59 billion, a PE ratio of 31.64, a price-to-earnings-growth ratio of 3.21 and a beta of 1.37.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings data on Thursday, November 6th. The industrial products company reported $7.22 EPS for the quarter, topping analysts’ consensus estimates of $6.62 by $0.60. The firm had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $4.94 billion. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business posted $6.20 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 29.600-30.400 EPS. FY 2026 guidance at 29.600-30.400 EPS. On average, analysts predict that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 7th will be issued a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, November 7th. Parker-Hannifin’s dividend payout ratio (DPR) is presently 25.65%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PH shares. Truist Financial reissued a “buy” rating and issued a $977.00 price target (up previously from $910.00) on shares of Parker-Hannifin in a research note on Friday, November 7th. Susquehanna lifted their target price on Parker-Hannifin from $860.00 to $960.00 and gave the company a “positive” rating in a research report on Friday, November 7th. Stifel Nicolaus reduced their price target on Parker-Hannifin from $726.00 to $723.00 and set a “hold” rating for the company in a research report on Monday, October 20th. Citigroup lifted their price objective on shares of Parker-Hannifin from $831.00 to $874.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price objective on the stock. in a research report on Thursday, September 4th. Thirteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $852.00.

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.