Geode Capital Management LLC Sells 11,835 Shares of Parker-Hannifin Corporation $PH

Geode Capital Management LLC lessened its holdings in Parker-Hannifin Corporation (NYSE:PH) by 0.4% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,774,702 shares of the industrial products company’s stock after selling 11,835 shares during the period. Geode Capital Management LLC owned approximately 2.17% of Parker-Hannifin worth $1,932,138,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of PH. Inspire Investing LLC lifted its stake in Parker-Hannifin by 5.1% in the first quarter. Inspire Investing LLC now owns 12,386 shares of the industrial products company’s stock valued at $7,529,000 after purchasing an additional 596 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Parker-Hannifin by 20.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,194 shares of the industrial products company’s stock worth $1,334,000 after acquiring an additional 379 shares during the period. Banco Santander S.A. increased its holdings in Parker-Hannifin by 70.2% in the 1st quarter. Banco Santander S.A. now owns 35,645 shares of the industrial products company’s stock worth $21,667,000 after acquiring an additional 14,705 shares during the last quarter. Citizens Financial Group Inc. RI raised its stake in Parker-Hannifin by 10.6% in the 1st quarter. Citizens Financial Group Inc. RI now owns 32,935 shares of the industrial products company’s stock valued at $20,020,000 after acquiring an additional 3,147 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in Parker-Hannifin during the first quarter valued at about $247,000. 82.44% of the stock is currently owned by institutional investors.

Parker-Hannifin Stock Performance

Parker-Hannifin stock opened at $853.61 on Thursday. Parker-Hannifin Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $869.36. The firm’s fifty day moving average price is $764.38 and its 200-day moving average price is $718.91. The stock has a market cap of $108.02 billion, a P/E ratio of 31.48, a price-to-earnings-growth ratio of 3.21 and a beta of 1.37. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings results 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. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The business had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $4.94 billion. During the same quarter last year, the business posted $6.20 earnings per share. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. 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, equities research analysts expect that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

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

Insider Buying and Selling at Parker-Hannifin

In other news, EVP Joseph R. Leonti sold 4,625 shares of the company’s stock in a transaction on 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. This represents a 25.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.32% of the company’s stock.

Wall Street Analyst Weigh In

PH has been the topic of several research reports. Wells Fargo & Company boosted their price target 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. Evercore ISI restated an “outperform” rating on shares of Parker-Hannifin in a research report on Tuesday, August 19th. 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. KeyCorp increased their price objective on Parker-Hannifin from $825.00 to $935.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Finally, Deutsche Bank Aktiengesellschaft lowered Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 target price for the company. in a report on Thursday, September 4th. Fourteen 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.com, the stock currently has an average 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.