Bowen Hanes & Co. Inc. Acquires 2,060 Shares of Parker-Hannifin Corporation $PH

Bowen Hanes & Co. Inc. boosted its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 2.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,900 shares of the industrial products company’s stock after purchasing an additional 2,060 shares during the quarter. Parker-Hannifin comprises approximately 1.7% of Bowen Hanes & Co. Inc.’s investment portfolio, making the stock its 26th biggest position. Bowen Hanes & Co. Inc. owned about 0.08% of Parker-Hannifin worth $67,682,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Nuveen LLC bought a new stake in shares of Parker-Hannifin during the 1st quarter worth about $933,089,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Parker-Hannifin by 52.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,443,104 shares of the industrial products company’s stock worth $1,485,042,000 after acquiring an additional 842,262 shares during the period. Wellington Management Group LLP grew its position in shares of Parker-Hannifin by 11.6% in the first quarter. Wellington Management Group LLP now owns 2,009,250 shares of the industrial products company’s stock valued at $1,221,323,000 after purchasing an additional 208,573 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Parker-Hannifin by 23.8% during the first quarter. Goldman Sachs Group Inc. now owns 996,738 shares of the industrial products company’s stock worth $605,867,000 after purchasing an additional 191,799 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Parker-Hannifin by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 11,023,764 shares of the industrial products company’s stock worth $6,700,795,000 after purchasing an additional 168,990 shares during the last quarter. 82.44% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Joseph R. Leonti sold 4,625 shares of the business’s stock in a transaction on Monday, August 25th. The stock was 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 in the company, valued at $10,420,157.52. The trade was a 25.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Berend Bracht sold 3,507 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $864.58, for a total value of $3,032,082.06. Following the completion of the transaction, the vice president directly owned 2,580 shares of the company’s stock, valued at approximately $2,230,616.40. The trade was a 57.61% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 9,569 shares of company stock worth $7,730,464. Insiders own 0.32% of the company’s stock.

Parker-Hannifin Stock Performance

Parker-Hannifin stock opened at $839.98 on Friday. 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 stock has a market cap of $105.99 billion, a PE ratio of 30.97, a P/E/G ratio of 3.21 and a beta of 1.37. Parker-Hannifin Corporation has a 12-month low of $488.45 and a 12-month high of $869.36. The business’s 50-day moving average price is $773.71 and its two-hundred day moving average price is $728.78.

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

Parker-Hannifin Announces Dividend

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 issued a dividend of $1.80 per share. The ex-dividend date is Friday, November 7th. This represents a $7.20 annualized dividend and a dividend yield of 0.9%. Parker-Hannifin’s dividend payout ratio is 25.65%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PH. Wells Fargo & Company upped their price objective on Parker-Hannifin from $840.00 to $925.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Weiss Ratings restated a “buy (b)” rating on shares of Parker-Hannifin in a research note on Wednesday, October 8th. Stifel Nicolaus dropped their price objective on shares of Parker-Hannifin from $726.00 to $723.00 and set a “hold” rating for the company in a research note on Monday, October 20th. Barclays boosted their price objective on shares of Parker-Hannifin from $785.00 to $906.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Finally, Wall Street Zen raised shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. Fourteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.