National Bank of Canada FI Sells 7,724 Shares of Parker-Hannifin Corporation $PH

National Bank of Canada FI decreased its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 7.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 95,496 shares of the industrial products company’s stock after selling 7,724 shares during the period. National Bank of Canada FI owned approximately 0.07% of Parker-Hannifin worth $66,698,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Parker-Hannifin during the 2nd quarter worth approximately $1,352,509,000. Price T Rowe Associates Inc. MD boosted its position 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 valued at $1,485,042,000 after purchasing an additional 842,262 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Parker-Hannifin by 11.6% during 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 in the last quarter. Canada Pension Plan Investment Board grew its stake in Parker-Hannifin by 115.7% in the second quarter. Canada Pension Plan Investment Board now owns 367,904 shares of the industrial products company’s stock worth $256,970,000 after purchasing an additional 197,317 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in Parker-Hannifin by 23.8% in 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 in the last quarter. 82.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on PH shares. 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. Wall Street Zen cut shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Mizuho boosted their price objective on shares of Parker-Hannifin from $800.00 to $825.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Stifel Nicolaus cut their price objective on shares of Parker-Hannifin from $726.00 to $723.00 and set a “hold” rating on the stock in a report on Monday, October 20th. Finally, Argus reiterated a “buy” rating and set a $900.00 target price on shares of Parker-Hannifin in a report on Monday, November 10th. Fourteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $889.50.

Insiders Place Their Bets

In related news, VP Rachid Bendali sold 1,437 shares of the 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 of the company’s stock, valued at $2,315,014.86. This trade represents a 34.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Berend Bracht sold 3,507 shares of the business’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. This trade represents a 57.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.32% of the company’s stock.

Parker-Hannifin Stock Down 1.6%

Shares of Parker-Hannifin stock opened at $884.58 on Monday. The company has a 50-day simple moving average of $807.88 and a two-hundred day simple moving average of $751.72. The stock has a market capitalization of $111.63 billion, a PE ratio of 31.51, a price-to-earnings-growth ratio of 3.08 and a beta of 1.25. Parker-Hannifin Corporation has a 52-week low of $488.45 and a 52-week high of $908.35. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.61 and a current ratio of 1.07.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings results on Thursday, November 6th. The industrial products company reported $7.22 EPS for the quarter, beating analysts’ consensus estimates of $6.62 by $0.60. Parker-Hannifin had a net margin of 18.17% and a return on equity of 27.23%. The firm had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $4.94 billion. During the same quarter in the prior year, the company posted $6.20 earnings per share. The business’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 and its FY 2026 guidance at 29.600-30.400 EPS. On average, analysts anticipate that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 7th were issued a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, November 7th. Parker-Hannifin’s dividend payout ratio is presently 25.65%.

Parker-Hannifin 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.