Parker-Hannifin Corporation $PH Shares Purchased by Huntington National Bank

Huntington National Bank grew its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 7.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 165,132 shares of the industrial products company’s stock after acquiring an additional 12,049 shares during the quarter. Huntington National Bank owned about 0.13% of Parker-Hannifin worth $115,340,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of PH. Nuveen LLC acquired a new position in shares of Parker-Hannifin during the first quarter valued at about $933,089,000. Price T Rowe Associates Inc. MD boosted its position in Parker-Hannifin by 52.6% in 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 buying an additional 842,262 shares during the last quarter. Wellington Management Group LLP boosted its position in Parker-Hannifin by 11.6% in 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 buying an additional 208,573 shares during the last quarter. Goldman Sachs Group Inc. boosted its position 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 valued at $605,867,000 after buying an additional 191,799 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Parker-Hannifin by 1.6% in the first quarter. Vanguard Group Inc. now owns 11,023,764 shares of the industrial products company’s stock valued at $6,700,795,000 after buying an additional 168,990 shares during the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Parker-Hannifin Stock Performance

Shares of Parker-Hannifin stock opened at $771.18 on Tuesday. The business has a 50-day moving average of $755.17 and a 200 day moving average of $707.60. Parker-Hannifin Corporation has a 12 month low of $488.45 and a 12 month high of $792.53. The stock has a market capitalization of $97.59 billion, a price-to-earnings ratio of 28.44, a price-to-earnings-growth ratio of 3.21 and a beta of 1.35. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71.

Parker-Hannifin (NYSE:PH) last announced its earnings results on Thursday, August 7th. The industrial products company reported $7.69 EPS for the quarter, beating 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 company had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same period last year, the business posted $6.77 EPS. Parker-Hannifin’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, sell-side analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 7th will be paid a $1.80 dividend. This represents a $7.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, November 7th. Parker-Hannifin’s dividend payout ratio (DPR) is presently 26.55%.

Insiders Place Their Bets

In other news, VP Angela R. Ives sold 810 shares of the firm’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $727.36, for a total transaction of $589,161.60. Following the sale, the vice president owned 2,798 shares of the company’s stock, valued at approximately $2,035,153.28. This trade represents a 22.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas C. Gentile sold 1,133 shares of the firm’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $729.50, for a total value of $826,523.50. Following the sale, the vice president directly owned 5,465 shares in the company, valued at $3,986,717.50. This trade represents a 17.17% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 14,039 shares of company stock worth $10,356,566. Corporate insiders own 0.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Evercore ISI reiterated an “outperform” rating on shares of Parker-Hannifin in a research report on Tuesday, August 19th. Barclays upped their price objective on Parker-Hannifin from $776.00 to $785.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 1st. Truist Financial increased their target price on Parker-Hannifin from $822.00 to $910.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Wall Street Zen raised Parker-Hannifin from a “hold” rating to a “buy” rating in a research note on Saturday, September 20th. Finally, Susquehanna initiated coverage on Parker-Hannifin in a report on Friday, August 15th. They set a “positive” rating and a $860.00 price target for the company. Thirteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Parker-Hannifin has a consensus rating of “Moderate Buy” and an average target price of $794.35.

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.