Great Lakes Advisors LLC Cuts Position in Parker-Hannifin Corporation $PH

Great Lakes Advisors LLC trimmed its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 4.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 195,617 shares of the industrial products company’s stock after selling 9,533 shares during the period. Parker-Hannifin comprises 1.2% of Great Lakes Advisors LLC’s investment portfolio, making the stock its 16th largest position. Great Lakes Advisors LLC’s holdings in Parker-Hannifin were worth $148,310,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in PH. Chilton Capital Management LLC acquired a new position in shares of Parker-Hannifin during the 3rd quarter valued at $29,000. Interchange Capital Partners LLC purchased a new position in Parker-Hannifin in the second quarter valued at about $31,000. State of Wyoming acquired a new position in shares of Parker-Hannifin during the second quarter worth about $38,000. Financial Consulate Inc. purchased a new stake in shares of Parker-Hannifin in the third quarter worth about $47,000. Finally, Princeton Global Asset Management LLC boosted its position in shares of Parker-Hannifin by 56.1% in the second quarter. Princeton Global Asset Management LLC now owns 64 shares of the industrial products company’s stock worth $45,000 after buying an additional 23 shares during the period. Institutional investors and hedge funds own 82.44% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. BNP Paribas Exane assumed coverage on Parker-Hannifin in a report on Thursday, December 4th. They set an “outperform” rating and a $1,020.00 target price on the stock. Stifel Nicolaus increased their price objective on shares of Parker-Hannifin from $869.00 to $941.00 and gave the company a “hold” rating in a research report on Friday, January 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Parker-Hannifin from $1,050.00 to $1,083.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Citigroup restated a “buy” rating on shares of Parker-Hannifin in a research note on Monday, January 12th. Finally, Susquehanna reaffirmed a “positive” rating and set a $1,000.00 price target on shares of Parker-Hannifin in a report on Wednesday, November 12th. Seventeen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $950.17.

Insider Transactions at Parker-Hannifin

In other Parker-Hannifin news, VP Berend Bracht sold 3,507 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $864.58, for a total transaction of $3,032,082.06. Following the transaction, the vice president owned 2,580 shares of the company’s stock, valued at $2,230,616.40. This trade represents a 57.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Andrew D. Ross sold 2,488 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were 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 owned 13,120 shares of the company’s stock, valued at $11,739,907.20. This trade represents a 15.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 7,432 shares of company stock valued at $6,484,116. Insiders own 0.32% of the company’s stock.

Parker-Hannifin Stock Performance

Parker-Hannifin stock opened at $915.58 on Thursday. Parker-Hannifin Corporation has a 52 week low of $488.45 and a 52 week high of $954.30. The company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 0.54. The stock has a market cap of $115.54 billion, a P/E ratio of 32.62, a price-to-earnings-growth ratio of 3.22 and a beta of 1.25. The stock has a 50 day moving average of $892.87 and a 200-day moving average of $803.70.

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

Parker-Hannifin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Friday, February 6th will be paid a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, February 6th. Parker-Hannifin’s dividend payout ratio is 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.