iA Global Asset Management Inc. Acquires 1,460 Shares of Parker-Hannifin Corporation $PH

iA Global Asset Management Inc. increased its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 9.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,330 shares of the industrial products company’s stock after buying an additional 1,460 shares during the quarter. iA Global Asset Management Inc.’s holdings in Parker-Hannifin were worth $13,139,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Interchange Capital Partners LLC purchased a new position in Parker-Hannifin in the second quarter valued at about $31,000. State of Wyoming purchased a new stake in Parker-Hannifin during the 2nd quarter worth about $38,000. Princeton Global Asset Management LLC lifted its stake in Parker-Hannifin by 56.1% in the 2nd quarter. Princeton Global Asset Management LLC now owns 64 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 23 shares in the last quarter. Sagard Holdings Management Inc. bought a new stake in Parker-Hannifin during the second quarter valued at $46,000. Finally, Financial Consulate Inc. purchased a new position in shares of Parker-Hannifin during the third quarter worth about $47,000. Institutional investors own 82.44% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Susquehanna reaffirmed a “positive” rating and set a $1,000.00 price target on shares of Parker-Hannifin in a research note on Wednesday, November 12th. Barclays lifted their price target on Parker-Hannifin from $950.00 to $990.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 7th. Wells Fargo & Company lifted their price target on shares of Parker-Hannifin from $925.00 to $1,000.00 and gave the company an “overweight” rating in a report on Wednesday, January 7th. Wall Street Zen upgraded shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a report on Monday. Finally, Robert W. Baird upped their price objective on shares of Parker-Hannifin from $930.00 to $960.00 and gave the stock an “outperform” rating in a report on Wednesday, November 12th. Seventeen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $946.17.

Insiders Place Their Bets

In other Parker-Hannifin news, VP Berend Bracht sold 3,507 shares of Parker-Hannifin stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $864.58, for a total value of $3,032,082.06. Following the transaction, the vice president owned 2,580 shares in the company, valued at $2,230,616.40. The trade was a 57.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Andrew D. Ross sold 2,488 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $894.81, for a total value of $2,226,287.28. Following the completion of the sale, the chief operating officer directly owned 13,120 shares of the company’s stock, valued at $11,739,907.20. The trade was a 15.94% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 7,432 shares of company stock worth $6,484,116. 0.32% of the stock is currently owned by company insiders.

Parker-Hannifin Price Performance

NYSE:PH opened at $939.00 on Friday. The business’s 50-day simple moving average is $884.62 and its two-hundred day simple moving average is $797.07. The stock has a market cap of $118.49 billion, a PE ratio of 33.45, a P/E/G ratio of 3.29 and a beta of 1.25. Parker-Hannifin Corporation has a 52 week low of $488.45 and a 52 week high of $954.30. 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 posted its earnings results on Thursday, November 6th. The industrial products company reported $7.22 EPS for the quarter, topping 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 the consensus estimate of $4.94 billion. During the same period in the previous year, the business earned $6.20 earnings per share. 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, analysts forecast that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, February 6th will be issued a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, February 6th. Parker-Hannifin’s dividend payout ratio (DPR) is presently 25.65%.

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.