Parker-Hannifin Corporation $PH Shares Bought by ICONIQ Capital LLC

ICONIQ Capital LLC raised its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 122.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,418 shares of the industrial products company’s stock after acquiring an additional 781 shares during the quarter. ICONIQ Capital LLC’s holdings in Parker-Hannifin were worth $990,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Preservation Advisors LLC purchased a new position in Parker-Hannifin in the first quarter valued at approximately $27,000. Interchange Capital Partners LLC acquired a new position in shares of Parker-Hannifin in the 2nd quarter valued at $31,000. Saudi Central Bank purchased a new position in shares of Parker-Hannifin in the 1st quarter valued at $31,000. Princeton Global Asset Management LLC raised its stake in Parker-Hannifin by 56.1% during the 2nd 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 in the last quarter. Finally, Sagard Holdings Management Inc. purchased a new stake in Parker-Hannifin in the second quarter valued at $46,000. Institutional investors and hedge funds own 82.44% of the company’s stock.

Insider Buying and Selling

In other Parker-Hannifin news, VP Rachid Bendali sold 1,437 shares of the firm’s stock in a transaction on 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 completion of the sale, the vice president owned 2,714 shares of the company’s stock, valued at approximately $2,315,014.86. This trade 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 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 transaction, the vice president directly owned 2,580 shares in the company, valued at approximately $2,230,616.40. This trade represents a 57.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.32% of the company’s stock.

Parker-Hannifin Stock Performance

Shares of PH opened at $884.58 on Friday. The stock has a market capitalization of $111.63 billion, a P/E ratio of 31.51, a P/E/G ratio of 3.13 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 1 year low of $488.45 and a 1 year high of $908.35. The company’s fifty day moving average is $807.88 and its two-hundred day moving average is $750.56.

Parker-Hannifin (NYSE:PH) last released its earnings results on Thursday, November 6th. The industrial products company reported $7.22 EPS for the quarter, topping the consensus estimate of $6.62 by $0.60. Parker-Hannifin had a net margin of 18.17% and a return on equity of 27.23%. The company had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $4.94 billion. During the same quarter last year, the business earned $6.20 EPS. The business’s revenue 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. On average, sell-side 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 dividend of $1.80 per share. The ex-dividend date was Friday, November 7th. This represents a $7.20 annualized dividend and a yield of 0.8%. Parker-Hannifin’s payout ratio is presently 25.65%.

Analysts Set New Price Targets

Several equities analysts have issued reports on PH shares. Cowen reaffirmed a “hold” rating on shares of Parker-Hannifin in a report on Friday, August 29th. Barclays raised their price target on Parker-Hannifin from $906.00 to $950.00 and gave the stock an “overweight” rating in a research note on Thursday, December 4th. Deutsche Bank Aktiengesellschaft cut Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price objective for the company. in a research note on Thursday, September 4th. Argus restated a “buy” rating and set a $900.00 target price on shares of Parker-Hannifin in a research report on Monday, November 10th. Finally, Citigroup upped 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. Fourteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Parker-Hannifin has a consensus rating of “Moderate Buy” and an average price target of $889.50.

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.