Legal & General Group Plc Sells 22,540 Shares of Parker-Hannifin Corporation $PH

Legal & General Group Plc decreased its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 3.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 717,879 shares of the industrial products company’s stock after selling 22,540 shares during the quarter. Legal & General Group Plc’s holdings in Parker-Hannifin were worth $501,417,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. MAI Capital Management boosted its stake in shares of Parker-Hannifin by 0.8% during the second quarter. MAI Capital Management now owns 9,246 shares of the industrial products company’s stock valued at $6,458,000 after purchasing an additional 70 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Parker-Hannifin by 0.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,075,234 shares of the industrial products company’s stock worth $1,449,496,000 after buying an additional 14,534 shares during the period. Swiss National Bank boosted its position in Parker-Hannifin by 7.4% during the 2nd quarter. Swiss National Bank now owns 389,700 shares of the industrial products company’s stock worth $272,194,000 after buying an additional 26,700 shares during the period. Handelsbanken Fonder AB grew its holdings in Parker-Hannifin by 108.5% during the 2nd quarter. Handelsbanken Fonder AB now owns 9,958 shares of the industrial products company’s stock worth $6,955,000 after acquiring an additional 5,182 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in Parker-Hannifin in the 2nd quarter valued at approximately $733,000. 82.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on PH shares. Barclays upped their price objective 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. Weiss Ratings restated a “buy (b)” rating on shares of Parker-Hannifin in a research report on Wednesday, October 8th. Citigroup upped their price target on Parker-Hannifin from $831.00 to $874.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Deutsche Bank Aktiengesellschaft cut Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price objective for the company. in a research note on Thursday, September 4th. Finally, Evercore ISI reaffirmed an “outperform” rating on shares of Parker-Hannifin in a research report on Tuesday, August 19th. Fourteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $860.71.

Parker-Hannifin Stock Performance

NYSE PH opened at $839.98 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71. The company has a fifty day moving average price of $773.71 and a 200-day moving average price of $728.78. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $869.36. The firm has a market cap of $105.99 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 3.21 and a beta of 1.37.

Parker-Hannifin (NYSE:PH) last announced its earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share for the quarter, topping analysts’ consensus estimates of $6.62 by $0.60. The firm had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $4.94 billion. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business 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. As a group, equities research analysts predict that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 7th will be given a dividend of $1.80 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $7.20 annualized dividend and a dividend yield of 0.9%. Parker-Hannifin’s dividend payout ratio (DPR) is currently 25.65%.

Insider Activity

In other news, VP Rachid Bendali sold 1,437 shares of Parker-Hannifin stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $852.99, for a total transaction of $1,225,746.63. Following the sale, the vice president directly owned 2,714 shares in the company, valued at $2,315,014.86. The trade was a 34.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Joseph R. Leonti sold 4,625 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president directly 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 SEC filing for this sale provides additional information. Insiders sold a total of 9,569 shares of company stock valued at $7,730,464 in the last ninety days. 0.32% of the stock is currently owned by insiders.

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.