Axa S.A. Purchases 57,670 Shares of Parker-Hannifin Corporation $PH

Axa S.A. increased its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 61.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 152,118 shares of the industrial products company’s stock after buying an additional 57,670 shares during the period. Axa S.A.’s holdings in Parker-Hannifin were worth $106,250,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of 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 worth $7,770,646,000 after purchasing an additional 101,476 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Parker-Hannifin by 52.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,443,104 shares of the industrial products company’s stock valued at $1,485,042,000 after buying an additional 842,262 shares during the period. Invesco Ltd. boosted its holdings in Parker-Hannifin by 1.8% during the second quarter. Invesco Ltd. now owns 2,345,922 shares of the industrial products company’s stock worth $1,638,556,000 after buying an additional 41,221 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Parker-Hannifin by 0.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,075,234 shares of the industrial products company’s stock worth $1,449,496,000 after buying an additional 14,534 shares during the period. Finally, Wellington Management Group LLP increased its stake in shares of Parker-Hannifin by 11.6% in the 1st quarter. Wellington Management Group LLP now owns 2,009,250 shares of the industrial products company’s stock valued at $1,221,323,000 after acquiring an additional 208,573 shares during the last quarter. 82.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PH. Stifel Nicolaus decreased their price objective on shares of Parker-Hannifin from $726.00 to $723.00 and set a “hold” rating for the company in a report on Monday, October 20th. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a research report on Wednesday, October 8th. Citigroup upped their price objective on shares of Parker-Hannifin from $960.00 to $1,006.00 and gave the company a “buy” rating in a research report on Monday. Wells Fargo & Company raised their price objective on Parker-Hannifin from $840.00 to $925.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Finally, Mizuho boosted their target price on Parker-Hannifin from $800.00 to $825.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Fourteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Parker-Hannifin has an average rating of “Moderate Buy” and an average price target of $883.41.

Parker-Hannifin Trading Down 0.1%

NYSE:PH opened at $879.17 on Tuesday. The company has a market cap of $110.94 billion, a P/E ratio of 31.32, a price-to-earnings-growth ratio of 3.06 and a beta of 1.25. Parker-Hannifin Corporation has a twelve month low of $488.45 and a twelve month high of $888.82. The business has a 50 day moving average price of $797.90 and a two-hundred day moving average price of $745.49. 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 announced its quarterly earnings data 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 net margin of 18.17% and a return on equity of 27.23%. The business had revenue of $5.08 billion for the quarter, compared to analyst estimates of $4.94 billion. During the same quarter in the previous year, the firm posted $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 expect that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 7th were paid a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, November 7th. Parker-Hannifin’s dividend payout ratio is currently 25.65%.

Insider Activity

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 value 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. The trade was 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 stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $864.58, for a total transaction of $3,032,082.06. Following the completion of the sale, the vice president owned 2,580 shares of the company’s stock, valued at approximately $2,230,616.40. This represents a 57.61% decrease in their position. The SEC filing for this sale provides additional information. 0.32% of the stock is owned by company insiders.

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.