ProShare Advisors LLC Raises Stock Holdings in Parker-Hannifin Corporation $PH

ProShare Advisors LLC raised its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 9.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,621 shares of the industrial products company’s stock after purchasing an additional 2,053 shares during the quarter. ProShare Advisors LLC’s holdings in Parker-Hannifin were worth $17,197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Wealth Preservation Advisors LLC bought a new stake in shares of Parker-Hannifin during the 1st quarter worth $27,000. Saudi Central Bank purchased a new stake in Parker-Hannifin during the first quarter valued at about $31,000. Interchange Capital Partners LLC bought a new stake in Parker-Hannifin during the second quarter worth about $31,000. Accent Capital Management LLC purchased a new position in shares of Parker-Hannifin in the 1st quarter worth about $41,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its position in shares of Parker-Hannifin by 421.4% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 73 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PH. Raymond James Financial upped their target price on Parker-Hannifin from $735.00 to $845.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Weiss Ratings restated a “buy (b)” rating on shares of Parker-Hannifin in a report on Wednesday, October 8th. Evercore ISI reaffirmed an “outperform” rating on shares of Parker-Hannifin in a research note on Tuesday, August 19th. Cowen reaffirmed a “hold” rating on shares of Parker-Hannifin in a report on Friday, August 29th. Finally, Argus reissued a “buy” rating and issued a $900.00 price target on shares of Parker-Hannifin in a research note on Monday. Thirteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $852.00.

Parker-Hannifin Price Performance

PH stock opened at $858.11 on Wednesday. The stock has a market capitalization of $108.59 billion, a price-to-earnings ratio of 31.64, a PEG ratio of 3.21 and a beta of 1.37. The firm’s 50-day moving average price is $762.26 and its two-hundred day moving average price is $717.96. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55. Parker-Hannifin Corporation has a 12-month low of $488.45 and a 12-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 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.62 by $0.60. The company had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $4.94 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 3.7% on a year-over-year basis. During the same period last year, the firm earned $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. As a group, equities analysts predict that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Friday, November 7th. This represents a $7.20 annualized dividend and a yield of 0.8%. Parker-Hannifin’s dividend payout ratio is 25.65%.

Insider Activity at Parker-Hannifin

In other news, EVP Joseph R. Leonti sold 4,625 shares of Parker-Hannifin stock in a transaction dated 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 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.32% of the company’s stock.

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.