Banco Bilbao Vizcaya Argentaria S.A. Sells 758 Shares of Parker-Hannifin Corporation $PH

Banco Bilbao Vizcaya Argentaria S.A. cut its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 22.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,587 shares of the industrial products company’s stock after selling 758 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Parker-Hannifin were worth $1,807,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PH. Inspire Investing LLC boosted its position in shares of Parker-Hannifin by 5.1% in the first quarter. Inspire Investing LLC now owns 12,386 shares of the industrial products company’s stock worth $7,529,000 after buying an additional 596 shares during the period. Geneos Wealth Management Inc. lifted its stake in Parker-Hannifin by 20.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,194 shares of the industrial products company’s stock worth $1,334,000 after acquiring an additional 379 shares in the last quarter. Banco Santander S.A. grew its stake in Parker-Hannifin by 70.2% during the 1st quarter. Banco Santander S.A. now owns 35,645 shares of the industrial products company’s stock valued at $21,667,000 after acquiring an additional 14,705 shares in the last quarter. Citizens Financial Group Inc. RI grew its stake in Parker-Hannifin by 10.6% during the 1st quarter. Citizens Financial Group Inc. RI now owns 32,935 shares of the industrial products company’s stock valued at $20,020,000 after acquiring an additional 3,147 shares in the last quarter. Finally, Secure Asset Management LLC purchased a new stake in shares of Parker-Hannifin in the second quarter worth approximately $388,000. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Insider Buying and Selling at Parker-Hannifin

In related news, VP Rachid Bendali sold 1,437 shares of Parker-Hannifin stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $852.99, for a total transaction of $1,225,746.63. Following the sale, the vice president directly owned 2,714 shares of the company’s stock, valued at $2,315,014.86. This trade represents a 34.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Berend Bracht sold 3,507 shares of the business’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 transaction, the vice president owned 2,580 shares in the company, valued at $2,230,616.40. This represents a 57.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 9,569 shares of company stock valued at $7,730,464 in the last ninety days. Company insiders own 0.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PH. KeyCorp boosted their price objective on shares of Parker-Hannifin from $825.00 to $935.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Truist Financial restated a “buy” rating and set a $977.00 price target (up from $910.00) on shares of Parker-Hannifin in a report on Friday, November 7th. Argus reaffirmed a “buy” rating and issued a $900.00 price target on shares of Parker-Hannifin in a research note on Monday, November 10th. Wells Fargo & Company lifted their price objective on Parker-Hannifin from $840.00 to $925.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Finally, Deutsche Bank Aktiengesellschaft lowered Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 target price on the stock. in a research report on Thursday, September 4th. Fourteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $860.71.

Parker-Hannifin Trading Down 1.4%

Shares of NYSE:PH opened at $830.42 on Monday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19. The stock’s 50-day moving average is $767.54 and its 200-day moving average is $723.05. The company has a market cap of $104.79 billion, a P/E ratio of 30.62, a P/E/G ratio of 3.21 and a beta of 1.37. Parker-Hannifin Corporation has a 52-week low of $488.45 and a 52-week high of $869.36.

Parker-Hannifin (NYSE:PH) last released its earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.62 by $0.60. The firm had revenue of $5.08 billion for the quarter, compared to analyst estimates of $4.94 billion. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $6.20 EPS. Parker-Hannifin has set its FY 2026 guidance at 29.600-30.400 EPS. FY 2026 guidance at 29.600-30.400 EPS. Equities research analysts predict that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 7th will be paid a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, November 7th. Parker-Hannifin’s dividend payout ratio is presently 25.65%.

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.