Resona Asset Management Co. Ltd. Reduces Stock Position in Parker-Hannifin Corporation $PH

Resona Asset Management Co. Ltd. cut its stake in Parker-Hannifin Corporation (NYSE:PH) by 5.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 40,115 shares of the industrial products company’s stock after selling 2,336 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Parker-Hannifin were worth $30,384,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PH. Interchange Capital Partners LLC purchased a new position in Parker-Hannifin during the 2nd quarter valued at about $31,000. State of Wyoming bought a new position in shares of Parker-Hannifin in the second quarter valued at approximately $38,000. Princeton Global Asset Management LLC grew its stake in 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 in the last quarter. Sagard Holdings Management Inc. purchased a new position in Parker-Hannifin during the second quarter valued at approximately $46,000. Finally, Financial Consulate Inc. bought a new stake in Parker-Hannifin during the 3rd quarter worth approximately $47,000. 82.44% of the stock is currently owned by institutional investors.

Parker-Hannifin Stock Down 1.2%

Shares of PH opened at $927.58 on Friday. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $954.30. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.07 and a quick ratio of 0.61. The stock has a 50 day simple moving average of $886.56 and a two-hundred day simple moving average of $799.24. The firm has a market cap of $117.05 billion, a P/E ratio of 33.05, a P/E/G ratio of 3.23 and a beta of 1.25.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings data on Thursday, November 6th. The industrial products company reported $7.22 earnings per share for the quarter, topping analysts’ consensus estimates of $6.62 by $0.60. Parker-Hannifin had a net margin of 18.17% and a return on equity of 27.23%. The firm had revenue of $5.08 billion during the quarter, compared to analyst estimates of $4.94 billion. During the same period in the previous year, the business posted $6.20 EPS. The business’s quarterly 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, analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Friday, February 6th will be paid a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, February 6th. Parker-Hannifin’s dividend payout ratio (DPR) is 25.65%.

Insider Transactions at Parker-Hannifin

In related news, COO Andrew D. Ross sold 2,488 shares of the firm’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 transaction, the chief operating officer directly owned 13,120 shares in the company, valued at $11,739,907.20. This trade represents a 15.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Rachid Bendali sold 1,437 shares of Parker-Hannifin stock in a transaction that occurred 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 transaction, the vice president directly owned 2,714 shares in the company, valued at $2,315,014.86. This trade represents a 34.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 7,432 shares of company stock worth $6,484,116. Company insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on PH shares. Robert W. Baird boosted their price target on shares of Parker-Hannifin from $930.00 to $960.00 and gave the company an “outperform” rating in a research report on Wednesday, November 12th. Morgan Stanley restated a “positive” rating on shares of Parker-Hannifin in a research report on Wednesday, January 14th. Citigroup restated a “buy” rating on shares of Parker-Hannifin in a research note on Monday, January 12th. Stifel Nicolaus lifted their price target on Parker-Hannifin from $869.00 to $941.00 and gave the company a “hold” rating in a research report on Friday. Finally, Wall Street Zen raised Parker-Hannifin from a “hold” rating to a “buy” rating in a report on Monday, January 19th. Seventeen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $950.17.

About Parker-Hannifin

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.