Parker-Hannifin Corporation $PH Shares Sold by Renasant Bank

Renasant Bank cut its stake in Parker-Hannifin Corporation (NYSE:PH) by 9.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 571 shares of the industrial products company’s stock after selling 60 shares during the period. Renasant Bank’s holdings in Parker-Hannifin were worth $399,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in PH. Wealth Preservation Advisors LLC acquired a new stake in shares of Parker-Hannifin in the 1st quarter valued at about $27,000. Saudi Central Bank acquired a new stake in Parker-Hannifin during the first quarter valued at approximately $31,000. Interchange Capital Partners LLC bought a new position in Parker-Hannifin during the 2nd quarter worth approximately $31,000. Accent Capital Management LLC bought a new position in Parker-Hannifin during the 1st quarter worth approximately $41,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of Parker-Hannifin by 421.4% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 73 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 59 shares during the last quarter. 82.44% of the stock is currently owned by institutional investors.

Parker-Hannifin Stock Performance

PH opened at $858.11 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55. The business’s 50 day moving average is $762.26 and its 200-day moving average is $717.96. The stock 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 Corporation has a twelve month low of $488.45 and a twelve month high of $866.72.

Parker-Hannifin (NYSE:PH) last posted its earnings results on Thursday, November 6th. The industrial products company reported $7.22 EPS for the quarter, beating the consensus estimate of $6.62 by $0.60. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The firm had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $4.94 billion. During the same period last year, the firm earned $6.20 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. 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 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 7th will be paid a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, November 7th. Parker-Hannifin’s dividend payout ratio is currently 25.65%.

Analyst Upgrades and Downgrades

PH has been the topic of several research analyst reports. Truist Financial restated a “buy” rating and set a $977.00 price objective (up from $910.00) on shares of Parker-Hannifin in a research note on Friday, November 7th. Deutsche Bank Aktiengesellschaft downgraded 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 report on Thursday, September 4th. Wells Fargo & Company increased their price objective on shares of Parker-Hannifin from $840.00 to $925.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Argus reissued a “buy” rating and issued a $900.00 target price on shares of Parker-Hannifin in a report on Monday. Finally, Barclays upped their target price on Parker-Hannifin from $785.00 to $906.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Thirteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $852.00.

Insider Activity

In related news, EVP Joseph R. Leonti sold 4,625 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $750.84, for a total transaction of $3,472,635.00. Following the transaction, the executive vice president owned 13,878 shares in the company, valued at $10,420,157.52. This trade represents a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.32% of the stock is owned by company insiders.

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.