Truist Financial Corp Grows Stock Holdings in Parker-Hannifin Corporation $PH

Truist Financial Corp raised its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 2.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 170,179 shares of the industrial products company’s stock after acquiring an additional 3,869 shares during the quarter. Truist Financial Corp’s holdings in Parker-Hannifin were worth $129,021,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Chilton Capital Management LLC bought a new stake in shares of Parker-Hannifin during the 3rd quarter valued at $29,000. Interchange Capital Partners LLC bought a new position in Parker-Hannifin in the 2nd quarter worth about $31,000. State of Wyoming bought a new stake in shares of Parker-Hannifin during the second quarter valued at about $38,000. Princeton Global Asset Management LLC increased its position 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 buying an additional 23 shares during the period. Finally, Sagard Holdings Management Inc. purchased a new stake in shares of Parker-Hannifin in the second quarter worth about $46,000. 82.44% of the stock is owned by institutional investors.

Insider Buying and Selling at Parker-Hannifin

In other Parker-Hannifin news, VP Berend Bracht sold 3,507 shares of Parker-Hannifin stock in a transaction that occurred 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 transaction, the vice president directly owned 2,580 shares of the company’s stock, valued at approximately $2,230,616.40. This trade represents a 57.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Andrew D. Ross sold 2,488 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief operating officer owned 13,120 shares of the company’s stock, valued at approximately $11,739,907.20. The trade was a 15.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 7,432 shares of company stock worth $6,484,116 over the last ninety days. Insiders own 0.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on PH shares. Barclays boosted their price objective on shares of Parker-Hannifin from $950.00 to $990.00 and gave the company an “overweight” rating in a research note on Wednesday, January 7th. BNP Paribas Exane began coverage on shares of Parker-Hannifin in a report on Thursday, December 4th. They issued an “outperform” rating and a $1,020.00 price target for the company. Citigroup reiterated a “buy” rating on shares of Parker-Hannifin in a research report on Monday, January 12th. Morgan Stanley restated a “positive” rating on shares of Parker-Hannifin in a research report on Wednesday, January 14th. Finally, KeyCorp upped their target price on Parker-Hannifin from $935.00 to $1,050.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 6th. Seventeen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Parker-Hannifin currently has a consensus rating of “Moderate Buy” and an average price target of $950.17.

Parker-Hannifin Stock Down 0.7%

PH opened at $926.38 on Wednesday. The business’s fifty day simple moving average is $890.98 and its 200 day simple moving average is $802.92. Parker-Hannifin Corporation has a 52 week low of $488.45 and a 52 week high of $954.30. The company has a quick ratio of 0.61, a current ratio of 1.07 and a debt-to-equity ratio of 0.54. The stock has a market cap of $116.90 billion, a PE ratio of 33.00, a P/E/G ratio of 3.24 and a beta of 1.25.

Parker-Hannifin (NYSE:PH) last issued its quarterly 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 during the quarter, compared to analyst estimates of $4.94 billion. Parker-Hannifin had a return on equity of 27.23% and a net margin of 18.17%.The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous 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. As a group, research analysts expect that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, February 6th will be paid a $1.80 dividend. The ex-dividend date of this dividend is Friday, February 6th. This represents a $7.20 annualized dividend and a yield of 0.8%. Parker-Hannifin’s dividend payout ratio is currently 25.65%.

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.