Parker-Hannifin (NYSE:PH) COO Sells $2,226,287.28 in Stock

Parker-Hannifin Corporation (NYSE:PH) COO Andrew Ross sold 2,488 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $894.81, for a total value of $2,226,287.28. Following the sale, the chief operating officer 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Parker-Hannifin Stock Performance

Shares of Parker-Hannifin stock opened at $862.66 on Thursday. The company has a market capitalization of $108.86 billion, a PE ratio of 30.73, a P/E/G ratio of 3.04 and a beta of 1.25. The company has a 50-day simple moving average of $814.90 and a two-hundred day simple moving average of $755.49. Parker-Hannifin Corporation has a one year low of $488.45 and a one year high of $908.35. 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 (NYSE:PH) last posted its quarterly earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the company 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. Research analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Mizuho raised their price objective on Parker-Hannifin from $800.00 to $825.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Citigroup raised their price target on shares of Parker-Hannifin from $960.00 to $1,006.00 and gave the stock a “buy” rating in a research report on Monday, December 8th. Robert W. Baird upped their price objective 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. The Goldman Sachs Group increased their price objective on shares of Parker-Hannifin from $900.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Wall Street Zen downgraded shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Fifteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Parker-Hannifin currently has an average rating of “Moderate Buy” and an average target price of $904.59.

Hedge Funds Weigh In On Parker-Hannifin

Large investors have recently made changes to their positions in the company. Texas Capital Bancshares Inc TX purchased a new position in Parker-Hannifin in the third quarter valued at $25,000. Wealth Preservation Advisors LLC purchased a new stake in shares of Parker-Hannifin during the 1st quarter worth about $27,000. Chilton Capital Management LLC acquired a new stake in shares of Parker-Hannifin during the 3rd quarter valued at about $29,000. Saudi Central Bank purchased a new position in shares of Parker-Hannifin in the 1st quarter valued at about $31,000. Finally, Interchange Capital Partners LLC acquired a new position in Parker-Hannifin in the 2nd quarter worth about $31,000. 82.44% of the stock is currently owned by institutional investors and hedge funds.

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.