Norinchukin Bank The Purchases 675 Shares of Parker-Hannifin Corporation $PH

Norinchukin Bank The raised its holdings in Parker-Hannifin Corporation (NYSE:PH) by 13.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,832 shares of the industrial products company’s stock after purchasing an additional 675 shares during the quarter. Norinchukin Bank The’s holdings in Parker-Hannifin were worth $3,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. CW Advisors LLC raised its stake in shares of Parker-Hannifin by 1.2% during the 1st quarter. CW Advisors LLC now owns 46,353 shares of the industrial products company’s stock valued at $28,179,000 after purchasing an additional 547 shares during the period. Summit Financial LLC boosted its position in Parker-Hannifin by 9.1% during the first quarter. Summit Financial LLC now owns 4,863 shares of the industrial products company’s stock valued at $2,956,000 after buying an additional 406 shares during the period. United Asset Strategies Inc. grew its holdings in shares of Parker-Hannifin by 1.1% in the first quarter. United Asset Strategies Inc. now owns 23,501 shares of the industrial products company’s stock worth $14,285,000 after purchasing an additional 266 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Parker-Hannifin by 52.6% during the 1st 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 during the period. Finally, Martingale Asset Management L P raised its holdings in Parker-Hannifin by 1.6% in the 1st quarter. Martingale Asset Management L P now owns 23,946 shares of the industrial products company’s stock worth $14,556,000 after purchasing an additional 366 shares in the last quarter. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Price Performance

Shares of PH stock opened at $732.63 on Friday. Parker-Hannifin Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $763.99. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19. The firm has a market capitalization of $93.61 billion, a price-to-earnings ratio of 27.01, a PEG ratio of 3.08 and a beta of 1.37. The stock’s 50-day simple moving average is $711.07 and its 200-day simple moving average is $660.22.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $5.10 billion. During the same quarter in the previous year, the firm posted $6.77 EPS. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, equities analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a dividend yield of 1.0%. Parker-Hannifin’s payout ratio is 26.55%.

Insider Activity

In related news, VP Robert W. Malone sold 2,257 shares of the business’s stock in a transaction 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 sale, the vice president owned 5,866 shares in the company, valued at approximately $4,286,051.56. The trade was a 27.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Thomas C. Gentile sold 1,133 shares of Parker-Hannifin stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $729.50, for a total value of $826,523.50. Following the completion of the transaction, the vice president owned 5,465 shares of the company’s stock, valued at $3,986,717.50. The trade was a 17.17% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,414 shares of company stock worth $6,883,931. Insiders own 0.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PH. Wells Fargo & Company increased their target price on Parker-Hannifin from $770.00 to $800.00 and gave the stock an “overweight” rating in a research note on Friday, August 8th. Stifel Nicolaus raised their price objective on shares of Parker-Hannifin from $717.00 to $726.00 and gave the stock a “hold” rating in a report on Friday, August 8th. Barclays increased their price objective on shares of Parker-Hannifin from $750.00 to $776.00 and gave the stock an “overweight” rating in a research note on Friday, August 8th. Mizuho set a $785.00 price objective on Parker-Hannifin in a research note on Friday, May 16th. Finally, Raymond James Financial raised their price target on Parker-Hannifin from $735.00 to $845.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Fourteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $768.71.

About Parker-Hannifin

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.