Edgestream Partners L.P. Decreases Holdings in Parker-Hannifin Corporation $PH

Edgestream Partners L.P. lowered its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 96.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 390 shares of the industrial products company’s stock after selling 10,500 shares during the period. Edgestream Partners L.P.’s holdings in Parker-Hannifin were worth $272,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Wealth Preservation Advisors LLC acquired a new stake in Parker-Hannifin in the 1st quarter worth about $27,000. Saudi Central Bank acquired a new position in shares of Parker-Hannifin during the first quarter valued at approximately $31,000. Interchange Capital Partners LLC purchased a new position in shares of Parker-Hannifin in the second quarter valued at approximately $31,000. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Parker-Hannifin by 421.4% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 73 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 59 shares in the last quarter. Finally, Princeton Global Asset Management LLC boosted its stake 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 acquiring an additional 23 shares during the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Insider Buying and Selling at Parker-Hannifin

In other news, VP Berend Bracht sold 3,507 shares of the stock in a transaction 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 completion of the transaction, the vice president directly owned 2,580 shares in the company, valued at approximately $2,230,616.40. This represents a 57.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Rachid Bendali sold 1,437 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $852.99, for a total transaction of $1,225,746.63. Following the completion of the transaction, the vice president directly owned 2,714 shares in the company, valued at $2,315,014.86. The trade was a 34.62% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.32% of the company’s stock.

Parker-Hannifin Price Performance

Shares of PH stock opened at $880.17 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.07 and a quick ratio of 0.61. The company has a market capitalization of $111.07 billion, a PE ratio of 31.36, a price-to-earnings-growth ratio of 3.06 and a beta of 1.25. The firm’s 50-day moving average is $795.38 and its two-hundred day moving average is $743.92. Parker-Hannifin Corporation has a 12 month low of $488.45 and a 12 month high of $882.00.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share for the quarter, beating the consensus estimate of $6.62 by $0.60. The business had revenue of $5.08 billion during 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%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.20 EPS. 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. Analysts predict that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 7th were given a $1.80 dividend. 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 currently 25.65%.

Wall Street Analyst Weigh In

PH has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft lowered Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price objective on the stock. in a report on Thursday, September 4th. Susquehanna reiterated a “positive” rating and issued a $1,000.00 target price on shares of Parker-Hannifin in a research report on Wednesday, November 12th. Weiss Ratings restated a “buy (b)” rating on shares of Parker-Hannifin in a research report on Wednesday, October 8th. Cowen reaffirmed a “hold” rating on shares of Parker-Hannifin in a research note on Friday, August 29th. Finally, BNP Paribas started coverage on shares of Parker-Hannifin in a research note on Thursday. They issued an “outperform” rating and a $1,020.00 target price on the stock. Fourteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $875.65.

Parker-Hannifin Profile

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.