Legacy Edge Advisors LLC purchased a new position in shares of Parker-Hannifin Corporation (NYSE:PH – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 599 shares of the industrial products company’s stock, valued at approximately $526,000.
A number of other institutional investors also recently bought and sold shares of the business. Benjamin Edwards Inc. lifted its holdings in Parker-Hannifin by 2.2% during the 4th quarter. Benjamin Edwards Inc. now owns 4,552 shares of the industrial products company’s stock worth $4,002,000 after buying an additional 99 shares during the last quarter. Riverstone Advisors LLC lifted its holdings in Parker-Hannifin by 94.4% during the 4th quarter. Riverstone Advisors LLC now owns 657 shares of the industrial products company’s stock worth $577,000 after buying an additional 319 shares during the last quarter. Sandro Wealth Management LLC purchased a new stake in Parker-Hannifin during the 4th quarter worth about $1,790,000. Composition Wealth LLC lifted its holdings in Parker-Hannifin by 4.6% during the 4th quarter. Composition Wealth LLC now owns 7,762 shares of the industrial products company’s stock worth $6,823,000 after buying an additional 344 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab purchased a new stake in Parker-Hannifin during the 4th quarter worth about $104,040,000. 82.44% of the stock is owned by hedge funds and other institutional investors.
Trending Headlines about Parker-Hannifin
Here are the key news stories impacting Parker-Hannifin this week:
- Positive Sentiment: Q3 beat and raised outlook — Adjusted EPS of $8.17 (+18% YoY) and record quarterly revenue (~$5.5B). Management lifted FY‑2026 adjusted EPS guidance to $31.20, signaling continued demand and execution. Parker Reports Fiscal 2026 Third Quarter Results
- Positive Sentiment: Record backlog and aerospace strength — Backlog hit $12.5B and aerospace organic growth/expanding margins were highlighted as the primary tailwinds supporting near‑term revenue visibility. Parker Hannifin Backlog Hits Record $12.5 Billion, Lifts Outlook
- Positive Sentiment: Cash generation & buybacks/dividend — Year‑to‑date operating cash flow remains strong (record), the company repurchased ~$275M in the quarter and raised its dividend (70th consecutive hike), supporting shareholder returns. Parker Reports Fiscal 2026 Third Quarter Results
- Neutral Sentiment: Analyst coverage remains constructive — Multiple buy/overweight ratings and a median price target around $1,038 suggest upside among sell‑side analysts, which can limit downside but also set high expectations. Parker-Hannifin Stock (PH) Opinions on Q3 Earnings Beat
- Neutral Sentiment: Institutional flows mixed — Large asset managers trimmed positions while other funds added; this rebalancing increases intra‑day volume and can amplify moves without signaling a clear directional consensus. Parker-Hannifin Stock (PH) Opinions on Q3 Earnings Beat
- Negative Sentiment: Sell‑the‑news reaction — Despite beats, shares fell after the print as investors digested that the raise wasn’t a major upside surprise and that GAAP net income/EPS fell vs. prior year (prior quarter included a discrete tax benefit). Parker-Hannifin shares slide as investors digest Q3 results and a raised—but not blowout—full-year outlook
- Negative Sentiment: Heavy insider selling — Public filings show no insider purchases and numerous sales by senior executives in recent months; that can spook momentum traders even if sales may be for diversification or tax planning. Parker-Hannifin Stock (PH) Opinions on Q3 Earnings Beat
- Negative Sentiment: Guidance details mixed — Adjusted EPS guidance slightly above consensus but revenue guidance (~$21.2B) was roughly in line or slightly below some street models; not a clear upward re‑rating catalyst. Parker-Hannifin Tops Q3 Earnings & Sales Estimates, Updates 26′ View
Parker-Hannifin Stock Down 3.0%
Parker-Hannifin (NYSE:PH – Get Free Report) last posted its earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share for the quarter, beating the consensus estimate of $7.84 by $0.33. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The business had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.40 billion. During the same period in the previous year, the business earned $6.94 EPS. The business’s quarterly revenue was up 10.6% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. Equities research analysts expect that Parker-Hannifin Corporation will post 31.09 earnings per share for the current year.
Parker-Hannifin Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 8th will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $8.00 annualized dividend and a yield of 0.9%. This is a boost from Parker-Hannifin’s previous quarterly dividend of $1.80. Parker-Hannifin’s dividend payout ratio (DPR) is currently 26.26%.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on PH shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Parker-Hannifin in a report on Tuesday, April 21st. Citigroup boosted their target price on Parker-Hannifin from $1,137.00 to $1,141.00 and gave the company a “buy” rating in a report on Friday. iA Financial set a $1,032.00 target price on Parker-Hannifin in a report on Thursday, January 29th. Wells Fargo & Company reduced their target price on Parker-Hannifin from $1,050.00 to $980.00 and set an “overweight” rating for the company in a report on Wednesday, April 1st. Finally, BMO Capital Markets initiated coverage on Parker-Hannifin in a report on Friday, March 27th. They issued an “outperform” rating and a $1,090.00 target price for the company. Seventeen analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,012.45.
Insider Activity
In other Parker-Hannifin news, VP Dinu J. Parel sold 1,316 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $950.05, for a total transaction of $1,250,265.80. Following the completion of the sale, the vice president directly owned 6,534 shares of the company’s stock, valued at $6,207,626.70. This represents a 16.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Matthew A. Jacobson sold 564 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $949.94, for a total value of $535,766.16. Following the sale, the vice president directly owned 1,000 shares of the company’s stock, valued at approximately $949,940. This represents a 36.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 10,063 shares of company stock worth $9,891,214 over the last quarter. 0.32% of the stock is owned by insiders.
Parker-Hannifin Profile
Parker-Hannifin Corporation (NYSE: PH) is a global manufacturer and provider of motion and control technologies and systems. The company designs, manufactures and services a broad range of engineered components and systems used to control the movement and flow of liquids, gases and hydraulic power. Its product portfolio is applied across demanding environments and includes solutions for industrial manufacturing, aerospace, mobile equipment and other engineered applications.
Parker-Hannifin’s product and service offerings span hydraulic and pneumatic components, fittings and fluid connectors, valves, pumps and motors, electromechanical actuators and motion-control systems, filtration and separation products, and seals and sealing systems.
Further Reading
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