Baird Financial Group Inc. Purchases 43,568 Shares of Parker-Hannifin Corporation $PH

Baird Financial Group Inc. lifted its position in Parker-Hannifin Corporation (NYSE:PH) by 5.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 890,467 shares of the industrial products company’s stock after buying an additional 43,568 shares during the period. Parker-Hannifin makes up about 1.1% of Baird Financial Group Inc.’s portfolio, making the stock its 19th largest position. Baird Financial Group Inc.’s holdings in Parker-Hannifin were worth $621,965,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PH. Quadrant Capital Group LLC boosted its stake in Parker-Hannifin by 20.1% during the 2nd quarter. Quadrant Capital Group LLC now owns 3,610 shares of the industrial products company’s stock worth $2,521,000 after purchasing an additional 604 shares during the last quarter. Inspire Investing LLC lifted its stake 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 in the last quarter. Geneos Wealth Management Inc. boosted its position in Parker-Hannifin by 20.9% during the first 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 during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Parker-Hannifin during the 2nd quarter valued at about $733,000. Finally, Vanguard Group Inc. raised its holdings in Parker-Hannifin by 0.9% in 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 acquiring an additional 101,476 shares during the last quarter. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on PH shares. Barclays boosted their target price on Parker-Hannifin from $785.00 to $906.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Truist Financial reissued a “buy” rating and set a $977.00 price objective (up previously from $910.00) on shares of Parker-Hannifin in a research note on Friday, November 7th. Raymond James Financial raised their target price on Parker-Hannifin from $735.00 to $845.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Argus reiterated a “buy” rating and set a $900.00 price target on shares of Parker-Hannifin in a report on Monday, November 10th. Finally, Citigroup upped their price objective on shares of Parker-Hannifin from $831.00 to $874.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Fourteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Parker-Hannifin currently has a consensus rating of “Moderate Buy” and a consensus target price of $860.71.

Insider Buying and Selling

In other 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 transaction of $1,225,746.63. Following the sale, the vice president owned 2,714 shares of the company’s stock, valued at approximately $2,315,014.86. This represents a 34.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Berend Bracht sold 3,507 shares of the company’s 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 sale, the vice president owned 2,580 shares in the company, valued at approximately $2,230,616.40. This trade represents a 57.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.32% of the stock is owned by corporate insiders.

Parker-Hannifin Stock Performance

NYSE PH opened at $868.74 on Thursday. The stock has a fifty day simple moving average of $790.26 and a 200-day simple moving average of $740.59. 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 $109.62 billion, a PE ratio of 30.95, a P/E/G ratio of 2.98 and a beta of 1.25. Parker-Hannifin Corporation has a twelve month low of $488.45 and a twelve month high of $869.52.

Parker-Hannifin (NYSE:PH) last posted its 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 company had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $4.94 billion. Parker-Hannifin had a net margin of 18.17% and a return on equity of 27.23%. Parker-Hannifin’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $6.20 earnings per share. 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. Equities analysts anticipate that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The firm 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 0.8%. The ex-dividend date of this dividend 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.