Candriam S.C.A. Reduces Position in Parker-Hannifin Corporation $PH

Candriam S.C.A. decreased its position in Parker-Hannifin Corporation (NYSE:PH) by 1.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 58,911 shares of the industrial products company’s stock after selling 790 shares during the period. Candriam S.C.A.’s holdings in Parker-Hannifin were worth $41,149,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealth Preservation Advisors LLC purchased a new position in shares of Parker-Hannifin in the first quarter valued at about $27,000. Interchange Capital Partners LLC purchased a new position in Parker-Hannifin during the 2nd quarter valued at about $31,000. Saudi Central Bank bought a new position in Parker-Hannifin during the 1st quarter valued at approximately $31,000. Princeton Global Asset Management LLC lifted its holdings 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 worth $45,000 after buying an additional 23 shares during the period. Finally, Accent Capital Management LLC purchased a new stake in Parker-Hannifin in the 1st quarter worth approximately $41,000. 82.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Joseph R. Leonti sold 4,625 shares of the 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 directly owned 13,878 shares of the company’s stock, valued at approximately $10,420,157.52. This represents a 25.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.32% of the company’s stock.

Parker-Hannifin Price Performance

PH stock opened at $853.61 on Thursday. 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 50 day moving average price of $764.38 and a 200-day moving average price of $718.91. Parker-Hannifin Corporation has a 52-week low of $488.45 and a 52-week high of $869.36. The firm has a market capitalization of $108.02 billion, a price-to-earnings ratio of 31.48, a PEG ratio of 3.21 and a beta of 1.37.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data on Thursday, November 6th. The industrial products company reported $7.22 earnings per share for the quarter, beating analysts’ consensus estimates of $6.62 by $0.60. The company had revenue of $5.08 billion during the quarter, compared to analyst estimates of $4.94 billion. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the company earned $6.20 EPS. Parker-Hannifin has set its FY 2026 guidance at 29.600-30.400 EPS. FY 2026 guidance at 29.600-30.400 EPS. Equities research analysts forecast that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal 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 paid a $1.80 dividend. The ex-dividend date is Friday, November 7th. This represents a $7.20 dividend on an annualized basis and a yield of 0.8%. Parker-Hannifin’s payout ratio is presently 25.65%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Truist Financial restated a “buy” rating and set a $977.00 target price (up previously from $910.00) on shares of Parker-Hannifin in a report on Friday, November 7th. Wells Fargo & Company boosted their price objective on shares of Parker-Hannifin from $840.00 to $925.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Wall Street Zen upgraded shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. Susquehanna reaffirmed a “positive” rating and issued a $1,000.00 target price on shares of Parker-Hannifin in a research report on Wednesday. Finally, Barclays lifted their target price on shares of Parker-Hannifin from $785.00 to $906.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Fourteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $860.71.

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.