Lazard Freres Gestion S.A.S. Takes Position in Parker-Hannifin Corporation $PH

Lazard Freres Gestion S.A.S. bought a new position in shares of Parker-Hannifin Corporation (NYSE:PH) in the 3rd quarter, Holdings Channel reports. The fund bought 136,232 shares of the industrial products company’s stock, valued at approximately $103,284,000. Parker-Hannifin accounts for 2.0% of Lazard Freres Gestion S.A.S.’s portfolio, making the stock its 15th largest position.

A number of other hedge funds have also added to or reduced their stakes in PH. Sterling Investment Counsel LLC boosted its holdings in shares of Parker-Hannifin by 170.2% during the 3rd quarter. Sterling Investment Counsel LLC now owns 1,243 shares of the industrial products company’s stock worth $942,000 after buying an additional 783 shares in the last quarter. Generali Asset Management SPA SGR lifted its position in shares of Parker-Hannifin by 1.3% during the 3rd quarter. Generali Asset Management SPA SGR now owns 9,843 shares of the industrial products company’s stock valued at $7,462,000 after acquiring an additional 128 shares during the period. Mattern Capital Management LLC grew its holdings in Parker-Hannifin by 2.5% in the third quarter. Mattern Capital Management LLC now owns 11,819 shares of the industrial products company’s stock worth $8,961,000 after purchasing an additional 287 shares during the period. Financial Consulate Inc. bought a new stake in Parker-Hannifin in the third quarter valued at $47,000. Finally, Salomon & Ludwin LLC increased its stake in Parker-Hannifin by 112.3% in the third quarter. Salomon & Ludwin LLC now owns 121 shares of the industrial products company’s stock valued at $92,000 after purchasing an additional 64 shares in the last quarter. 82.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Truist Financial raised their target price on Parker-Hannifin from $977.00 to $1,097.00 and gave the company a “buy” rating in a research note on Thursday, December 18th. BNP Paribas started coverage on Parker-Hannifin in a research note on Thursday, December 4th. They issued an “outperform” rating and a $1,020.00 price objective for the company. Robert W. Baird upped their target price on Parker-Hannifin from $930.00 to $960.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 12th. Wells Fargo & Company increased their target price on Parker-Hannifin from $840.00 to $925.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Finally, Citigroup boosted their price target on shares of Parker-Hannifin from $960.00 to $1,006.00 and gave the company a “buy” rating in a research note on Monday, December 8th. Fifteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $911.65.

Parker-Hannifin Stock Down 1.1%

Shares of NYSE:PH opened at $879.25 on Friday. The business’s 50 day moving average is $846.83 and its 200 day moving average is $771.49. Parker-Hannifin Corporation has a 12-month low of $488.45 and a 12-month high of $908.35. The stock has a market cap of $110.95 billion, a price-to-earnings ratio of 31.32, a PEG ratio of 3.06 and a beta of 1.25. The company has a quick ratio of 0.61, a current ratio of 1.07 and a debt-to-equity ratio of 0.54.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings results on Thursday, November 6th. The industrial products company reported $7.22 EPS for the quarter, beating analysts’ consensus estimates of $6.62 by $0.60. The business had revenue of $5.08 billion during the quarter, compared to analyst estimates of $4.94 billion. Parker-Hannifin had a return on equity of 27.23% and a net margin of 18.17%.Parker-Hannifin’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.20 EPS. Parker-Hannifin has set its FY 2026 guidance at 29.600-30.400 EPS and its FY 2026 guidance at 29.600-30.400 EPS. On average, sell-side 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 was paid on Friday, December 5th. Investors of record on Friday, November 7th were given a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, November 7th. Parker-Hannifin’s dividend payout ratio (DPR) is presently 25.65%.

Insider Buying and Selling

In other Parker-Hannifin news, VP Berend Bracht sold 3,507 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $864.58, for a total value of $3,032,082.06. Following the completion of the sale, the vice president directly owned 2,580 shares of the company’s stock, valued at approximately $2,230,616.40. This represents a 57.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Rachid Bendali sold 1,437 shares of the stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $852.99, for a total transaction of $1,225,746.63. Following the completion of the sale, the vice president owned 2,714 shares of the company’s stock, valued at approximately $2,315,014.86. This trade represents a 34.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 7,432 shares of company stock worth $6,484,116. 0.32% of the stock is owned by insiders.

Parker-Hannifin Company 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.