DekaBank Deutsche Girozentrale Grows Stake in Parker-Hannifin Corporation $PH

DekaBank Deutsche Girozentrale raised its stake in Parker-Hannifin Corporation (NYSE:PH) by 0.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 469,619 shares of the industrial products company’s stock after acquiring an additional 2,828 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Parker-Hannifin were worth $332,426,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Wealth Preservation Advisors LLC purchased a new position in Parker-Hannifin in the first quarter valued at about $27,000. Interchange Capital Partners LLC purchased a new stake in shares of Parker-Hannifin during the second quarter worth about $31,000. Saudi Central Bank purchased a new stake in shares of Parker-Hannifin during the first quarter worth about $31,000. Olde Wealth Management LLC purchased a new stake in shares of Parker-Hannifin during the first quarter worth about $35,000. Finally, Chilton Capital Management LLC increased its position in shares of Parker-Hannifin by 1,500.0% during the first quarter. Chilton Capital Management LLC now owns 64 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 60 shares during the last quarter. 82.44% of the stock is owned by hedge funds and other institutional investors.

Parker-Hannifin Stock Up 1.1%

NYSE:PH opened at $734.26 on Monday. The company has a market capitalization of $92.91 billion, a price-to-earnings ratio of 27.07, a price-to-earnings-growth ratio of 3.03 and a beta of 1.35. Parker-Hannifin Corporation has a one year low of $488.45 and a one year high of $779.77. The stock has a 50-day simple moving average of $750.51 and a 200 day simple moving average of $690.48. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings results on Thursday, August 7th. The industrial products company reported $7.69 EPS for the quarter, topping analysts’ consensus estimates of $7.08 by $0.61. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The business had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same period last year, the firm earned $6.77 earnings per share. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Sell-side analysts predict that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were paid a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Tuesday, September 2nd. Parker-Hannifin’s payout ratio is presently 26.55%.

Insider Buying and Selling

In other Parker-Hannifin news, VP Robert W. Malone sold 2,257 shares of Parker-Hannifin stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $730.66, for a total value of $1,649,099.62. Following the completion of the transaction, the vice president directly owned 5,866 shares in the company, valued at $4,286,051.56. The trade was a 27.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Andrew D. Ross sold 4,361 shares of Parker-Hannifin stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $732.66, for a total value of $3,195,130.26. Following the completion of the transaction, the chief operating officer owned 13,120 shares of the company’s stock, valued at approximately $9,612,499.20. The trade was a 24.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,039 shares of company stock valued at $10,356,566 over the last 90 days. 0.32% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on PH shares. Wall Street Zen raised Parker-Hannifin from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. Stifel Nicolaus lifted their target price on Parker-Hannifin from $717.00 to $726.00 and gave the stock a “hold” rating in a research report on Friday, August 8th. Evercore ISI reaffirmed an “outperform” rating on shares of Parker-Hannifin in a research report on Tuesday, August 19th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Parker-Hannifin in a research report on Wednesday, October 8th. Finally, Susquehanna began coverage on Parker-Hannifin in a research note on Friday, August 15th. They issued a “positive” rating and a $860.00 price target for the company. Fourteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Parker-Hannifin currently has a consensus rating of “Moderate Buy” and a consensus price target of $789.83.

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.