Triasima Portfolio Management inc. Makes New $2.45 Million Investment in Parker-Hannifin Corporation $PH

Triasima Portfolio Management inc. acquired a new stake in Parker-Hannifin Corporation (NYSE:PH) during the third quarter, Holdings Channel reports. The institutional investor acquired 3,233 shares of the industrial products company’s stock, valued at approximately $2,451,000.

Other institutional investors have also recently modified their holdings of the company. Quadrant Capital Group LLC grew its holdings in Parker-Hannifin by 20.1% during the second quarter. Quadrant Capital Group LLC now owns 3,610 shares of the industrial products company’s stock worth $2,521,000 after acquiring an additional 604 shares during the period. Procyon Advisors LLC boosted its position in Parker-Hannifin by 158,565.9% in the 3rd quarter. Procyon Advisors LLC now owns 5,069,374 shares of the industrial products company’s stock worth $3,843,346,000 after purchasing an additional 5,066,179 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Parker-Hannifin during the 2nd quarter worth approximately $733,000. Vanguard Group Inc. increased its holdings in shares of Parker-Hannifin by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 11,125,240 shares of the industrial products company’s stock valued at $7,770,646,000 after purchasing an additional 101,476 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Parker-Hannifin by 0.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,075,234 shares of the industrial products company’s stock valued at $1,449,496,000 after purchasing an additional 14,534 shares during the period. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Parker-Hannifin Stock Performance

Shares of NYSE:PH opened at $931.80 on Tuesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.07 and a quick ratio of 0.61. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $950.00. The firm has a market capitalization of $117.58 billion, a PE ratio of 33.21, a P/E/G ratio of 3.28 and a beta of 1.25. The business’s 50 day moving average price is $879.46 and its 200-day moving average price is $793.55.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings data on Thursday, November 6th. The industrial products company reported $7.22 earnings per share for the quarter, beating analysts’ consensus estimates of $6.62 by $0.60. Parker-Hannifin had a return on equity of 27.23% and a net margin of 18.17%.The company had revenue of $5.08 billion for the quarter, compared to analyst estimates of $4.94 billion. During the same quarter last year, the firm posted $6.20 EPS. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. 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. As a group, equities research analysts expect that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

The firm 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. The ex-dividend date was Friday, November 7th. This represents a $7.20 dividend on an annualized basis and a yield of 0.8%. Parker-Hannifin’s payout ratio is presently 25.65%.

Analyst Ratings Changes

Several analysts recently commented on PH shares. Mizuho raised their price target on shares of Parker-Hannifin from $800.00 to $825.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Wall Street Zen upgraded Parker-Hannifin from a “hold” rating to a “buy” rating in a research note on Monday. Truist Financial increased their price target on Parker-Hannifin from $977.00 to $1,097.00 and gave the stock a “buy” rating in a research report on Thursday, December 18th. Robert W. Baird boosted their price objective on Parker-Hannifin from $930.00 to $960.00 and gave the company an “outperform” rating in a research report on Wednesday, November 12th. Finally, KeyCorp increased their target price on Parker-Hannifin from $935.00 to $1,050.00 and gave the company an “overweight” rating in a research report on Tuesday, January 6th. Seventeen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Parker-Hannifin currently has a consensus rating of “Moderate Buy” and an average target price of $946.17.

Insider Activity at Parker-Hannifin

In other Parker-Hannifin news, VP Rachid Bendali sold 1,437 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $852.99, for a total value of $1,225,746.63. Following the completion of the sale, the vice president directly owned 2,714 shares in the company, valued at $2,315,014.86. This represents a 34.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Andrew D. Ross sold 2,488 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $894.81, for a total transaction of $2,226,287.28. Following the sale, the chief operating officer owned 13,120 shares of the company’s stock, valued at approximately $11,739,907.20. The trade was a 15.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 7,432 shares of company stock valued at $6,484,116. Corporate insiders own 0.32% of the company’s stock.

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.