CX Institutional Buys 1,259 Shares of Parker-Hannifin Corporation $PH

CX Institutional boosted its stake in Parker-Hannifin Corporation (NYSE:PH) by 39.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,442 shares of the industrial products company’s stock after purchasing an additional 1,259 shares during the period. CX Institutional’s holdings in Parker-Hannifin were worth $3,367,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Interchange Capital Partners LLC bought a new stake in Parker-Hannifin during the 2nd quarter valued at $31,000. State of Wyoming purchased a new position in shares of Parker-Hannifin in the second quarter valued at about $38,000. Princeton Global Asset Management LLC raised its stake in shares of Parker-Hannifin by 56.1% during the second quarter. Princeton Global Asset Management LLC now owns 64 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 23 shares during the last quarter. Sagard Holdings Management Inc. purchased a new stake in shares of Parker-Hannifin during the second quarter worth about $46,000. Finally, Financial Consulate Inc. bought a new stake in shares of Parker-Hannifin in the third quarter worth about $47,000. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Insider Activity

In related news, COO Andrew D. Ross sold 2,488 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $894.81, for a total transaction of $2,226,287.28. Following the sale, the chief operating officer directly owned 13,120 shares of the company’s stock, valued at $11,739,907.20. This trade represents a 15.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Berend Bracht sold 3,507 shares of Parker-Hannifin 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 completion of the sale, the vice president owned 2,580 shares of the company’s stock, valued at $2,230,616.40. The trade was a 57.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 7,432 shares of company stock valued at $6,484,116 over the last ninety days. 0.32% of the stock is currently owned by corporate insiders.

Parker-Hannifin Stock Performance

Shares of PH stock opened at $908.80 on Thursday. The company has a market capitalization of $114.68 billion, a price-to-earnings ratio of 32.38, a price-to-earnings-growth ratio of 3.23 and a beta of 1.25. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.61 and a current ratio of 1.07. Parker-Hannifin Corporation has a one year low of $488.45 and a one year high of $933.33. The company’s 50-day moving average is $857.80 and its 200 day moving average is $779.46.

Parker-Hannifin (NYSE:PH) last issued its earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.62 by $0.60. The firm had revenue of $5.08 billion for the quarter, compared to the consensus estimate 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 was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm 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. Sell-side analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders 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 annualized dividend and a dividend yield of 0.8%. Parker-Hannifin’s payout ratio is currently 25.65%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on PH shares. Argus reissued a “buy” rating and set a $900.00 target price on shares of Parker-Hannifin in a research note on Monday, November 10th. Robert W. Baird lifted their price target on shares of Parker-Hannifin from $930.00 to $960.00 and gave the company an “outperform” rating in a report on Wednesday, November 12th. Wall Street Zen upgraded shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a report on Saturday, January 3rd. Wells Fargo & Company lifted their target price on shares of Parker-Hannifin from $925.00 to $1,000.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Citigroup boosted their price target 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, December 8th. Sixteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $932.11.

Parker-Hannifin Profile

Parker-Hannifin Corporation (NYSE: PH) is a global manufacturer and provider of motion and control technologies and systems. The company designs, manufactures and services a broad range of engineered components and systems used to control the movement and flow of liquids, gases and hydraulic power. Its product portfolio is applied across demanding environments and includes solutions for industrial manufacturing, aerospace, mobile equipment and other engineered applications.

Parker-Hannifin’s product and service offerings span hydraulic and pneumatic components, fittings and fluid connectors, valves, pumps and motors, electromechanical actuators and motion-control systems, filtration and separation products, and seals and sealing systems.