Assenagon Asset Management S.A. Sells 134,243 Shares of Parker-Hannifin Corporation $PH

Assenagon Asset Management S.A. reduced its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 39.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 206,484 shares of the industrial products company’s stock after selling 134,243 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Parker-Hannifin were worth $201,966,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Avion Wealth grew its position in shares of Parker-Hannifin by 35.5% during the 4th quarter. Avion Wealth now owns 42 shares of the industrial products company’s stock worth $36,000 after buying an additional 11 shares in the last quarter. Optas LLC raised its holdings in shares of Parker-Hannifin by 3.1% in the first quarter. Optas LLC now owns 370 shares of the industrial products company’s stock valued at $331,000 after acquiring an additional 11 shares in the last quarter. Moneta Group Investment Advisors LLC raised its holdings in shares of Parker-Hannifin by 1.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 614 shares of the industrial products company’s stock valued at $540,000 after acquiring an additional 11 shares in the last quarter. Inspire Advisors LLC lifted its stake in Parker-Hannifin by 1.2% in the fourth quarter. Inspire Advisors LLC now owns 917 shares of the industrial products company’s stock worth $807,000 after acquiring an additional 11 shares during the period. Finally, Altfest L J & Co. Inc. lifted its stake in Parker-Hannifin by 4.4% in the fourth quarter. Altfest L J & Co. Inc. now owns 286 shares of the industrial products company’s stock worth $251,000 after acquiring an additional 12 shares during the period. 82.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Wells Fargo & Company cut their target price on shares of Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 26th. Evercore set a $1,064.00 price target on shares of Parker-Hannifin in a research report on Monday, May 11th. Truist Financial increased their price objective on shares of Parker-Hannifin from $1,147.00 to $1,269.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Wall Street Zen lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Finally, Citigroup reissued a “buy” rating on shares of Parker-Hannifin in a research note on Monday, June 8th. Eighteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,027.38.

Parker-Hannifin Price Performance

PH opened at $1,071.30 on Friday. The business’s 50-day moving average is $945.98 and its two-hundred day moving average is $940.22. Parker-Hannifin Corporation has a 1 year low of $708.18 and a 1 year high of $1,099.94. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.66. The firm has a market capitalization of $135.08 billion, a PE ratio of 39.52, a price-to-earnings-growth ratio of 2.67 and a beta of 1.12.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings results on Thursday, August 6th. The industrial products company reported $9.27 EPS for the quarter, beating the consensus estimate of $8.26 by $1.01. Parker-Hannifin had a net margin of 16.58% and a return on equity of 27.97%. The business had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.57 billion. During the same period in the prior year, the firm posted $7.69 earnings per share. The company’s quarterly revenue was up 9.8% on a year-over-year basis. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. Research analysts anticipate that Parker-Hannifin Corporation will post 31.25 earnings per share for the current fiscal year.

Parker-Hannifin News Roundup

Here are the key news stories impacting Parker-Hannifin this week:

• Positive Sentiment: Quarterly results exceeded expectations: Fiscal fourth-quarter sales rose 9.8% year over year to approximately $5.8 billion, while adjusted EPS increased 21% to a record $9.27, topping analyst estimates near $8.26–$8.29. Parker Reports Record Fiscal 2026 Fourth Quarter and Full Year Results
• Positive Sentiment: Broad operating momentum supported the beat: Organic sales grew 8%, adjusted segment operating margin expanded, and strength in aerospace and industrial markets helped drive record results. Total backlog reached $12.8 billion, including an $8.5 billion aerospace backlog. PH Q4 Earnings Beat Estimates on Aerospace and Industrial Growth
• Positive Sentiment: Fiscal 2027 guidance pointed to another record year: Parker-Hannifin forecast adjusted EPS of $34.25 to $35.25, slightly above the roughly $34.09 consensus, alongside reported and organic sales growth of 5.5% to 8.5%. Management also raised its long-term adjusted segment operating margin target to 30% by fiscal 2031. Parker-Hannifin Q4 2026 Earnings Call Transcript
• Neutral Sentiment: The company completed its Curtis Instruments acquisition and announced agreements to acquire Filtration Group and CIRCOR’s aerospace business. The transactions could expand Parker’s portfolio but also introduce integration and execution considerations.
• Negative Sentiment: Fiscal 2027 revenue guidance of approximately $20.9 billion to $21.5 billion was below one reported consensus estimate of $22.7 billion. In addition, PH’s valuation is elevated, its median analyst target is about $1,060, and reported insider activity showed selling rather than purchases.

About Parker-Hannifin

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.