Czech National Bank Grows Stock Position in Parker-Hannifin Corporation $PH

Czech National Bank boosted its holdings in Parker-Hannifin Corporation (NYSE:PH) by 3.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,453 shares of the industrial products company’s stock after acquiring an additional 1,220 shares during the period. Czech National Bank’s holdings in Parker-Hannifin were worth $24,604,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake 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 valued at $7,770,646,000 after purchasing an additional 101,476 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Parker-Hannifin by 52.6% in the 1st 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. lifted its position in Parker-Hannifin by 1.8% in the second quarter. Invesco Ltd. now owns 2,345,922 shares of the industrial products company’s stock valued at $1,638,556,000 after buying an additional 41,221 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Parker-Hannifin by 4.4% during the second quarter. Ameriprise Financial Inc. now owns 2,194,687 shares of the industrial products company’s stock worth $1,533,177,000 after buying an additional 92,913 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Parker-Hannifin by 0.7% during the second 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. Institutional investors and hedge funds own 82.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. The Goldman Sachs Group upped their price objective on shares of Parker-Hannifin from $900.00 to $1,000.00 and gave the stock a “buy” rating in a report on Tuesday. Wall Street Zen cut Parker-Hannifin from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. Argus reaffirmed a “buy” rating and issued a $900.00 price objective on shares of Parker-Hannifin in a research note on Monday, November 10th. Susquehanna reiterated a “positive” rating and issued a $1,000.00 price objective on shares of Parker-Hannifin in a report on Wednesday, November 12th. Finally, Robert W. Baird raised their target price on Parker-Hannifin from $930.00 to $960.00 and gave the company an “outperform” rating in a report on Wednesday, November 12th. Fifteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $904.59.

Insiders Place Their Bets

In other Parker-Hannifin news, COO Andrew D. Ross sold 2,488 shares of the 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 sale, the chief operating officer directly owned 13,120 shares of the company’s stock, valued at approximately $11,739,907.20. This represents a 15.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Berend Bracht sold 3,507 shares of the firm’s 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 in the company, valued at $2,230,616.40. The trade was a 57.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 7,432 shares of company stock worth $6,484,116 in the last 90 days. Corporate insiders own 0.32% of the company’s stock.

Parker-Hannifin Stock Down 1.4%

Shares of NYSE PH opened at $862.66 on Thursday. The stock has a market cap of $108.86 billion, a P/E ratio of 30.73, a PEG ratio of 3.04 and a beta of 1.25. The business’s fifty day simple moving average is $814.90 and its 200-day simple moving average is $755.49. Parker-Hannifin Corporation has a 12-month low of $488.45 and a 12-month high of $908.35. The company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 0.54.

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

Parker-Hannifin Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 7th were paid 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%.

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.