Parker-Hannifin Corporation $PH Stock Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA trimmed its stake in Parker-Hannifin Corporation (NYSE:PH) by 9.5% in the third quarter, Holdings Channel reports. The firm owned 428,930 shares of the industrial products company’s stock after selling 44,842 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Parker-Hannifin were worth $409,831,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Parker-Hannifin during the 2nd quarter worth approximately $10,163,362,000. State Street Corp boosted its holdings in shares of Parker-Hannifin by 0.5% in the 2nd quarter. State Street Corp now owns 9,385,389 shares of the industrial products company’s stock valued at $9,180,037,000 after buying an additional 42,548 shares during the last quarter. Bank of America Corp DE bought a new position in shares of Parker-Hannifin in the second quarter valued at $3,273,507,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Parker-Hannifin by 2.5% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,032,942 shares of the industrial products company’s stock valued at $1,010,341,000 after buying an additional 25,167 shares in the last quarter. Finally, Deutsche Bank AG bought a new position in shares of Parker-Hannifin in the second quarter valued at $987,587,000. Institutional investors and hedge funds own 82.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on PH shares. TD Cowen boosted their target price on shares of Parker-Hannifin from $850.00 to $950.00 and gave the stock a “hold” rating in a report on Wednesday, October 14th. Wells Fargo & Company started coverage on shares of Parker-Hannifin in a research note on Thursday, September 24th. They issued an “equal weight” rating and a $1,050.00 price target for the company. Wall Street Zen downgraded shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a research report on Saturday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Parker-Hannifin from $998.00 to $1,023.00 and gave the stock a “hold” rating in a research note on Wednesday, September 30th. Finally, Sanford C. Bernstein upped their target price on shares of Parker-Hannifin from $1,037.00 to $1,218.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Eighteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,146.35.

Parker-Hannifin Stock Performance

PH opened at $915.21 on Friday. Parker-Hannifin Corporation has a 12-month low of $806.22 and a 12-month high of $1,099.94. The stock has a market cap of $115.42 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 2.56 and a beta of 1.15. The business has a 50 day moving average of $946.34 and a 200-day moving average of $949.24. The company has a quick ratio of 0.74, a current ratio of 0.94 and a debt-to-equity ratio of 0.79.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings results on Thursday, November 5th. The industrial products company reported $8.90 earnings per share for the quarter, beating analysts’ consensus estimates of $8.21 by $0.69. Parker-Hannifin had a return on equity of 28.80% and a net margin of 16.62%. The business had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.81 billion. During the same quarter in the prior year, the business earned $7.22 EPS. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. Parker-Hannifin has set its FY 2027 guidance at 36.450-37.250 EPS. On average, equities research analysts expect that Parker-Hannifin Corporation will post 37.06 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be issued a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, November 13th. Parker-Hannifin’s payout ratio is currently 27.47%.

Parker-Hannifin News Summary

Here are the key news stories impacting Parker-Hannifin this week:

• Positive Sentiment: Results and outlook topped expectations. Fiscal Q1 sales rose 18% to a record $6.0 billion, with organic growth of 11.5%. Adjusted EPS of $8.90 beat the $8.21 consensus estimate. PH raised FY2027 adjusted EPS guidance to $36.45–$37.25, above analyst estimates, and forecast revenue of $24.9–$25.6 billion, also ahead of consensus. Company earnings release
• Positive Sentiment: Broad demand and operating performance strengthened the growth case. Management cited increased demand across market verticals and record backlog levels. Adjusted segment operating margin expanded to 28.6%, up 120 basis points year over year; the company also raised its outlook for organic sales growth, margins and free cash flow. Zacks earnings analysis
• Neutral Sentiment: Truist lowered its price target but maintained a Buy rating. The firm cut its target to $1,237 from $1,358, a less bullish valuation view that nonetheless remains consistent with a positive recommendation. Truist price-target update
• Neutral Sentiment: PH is scheduled to present at the Robert W. Baird Global Industrial Conference on November 10. The announcement did not provide new financial details. Conference announcement

Insider Activity at Parker-Hannifin

In other news, VP Berend Bracht sold 602 shares of the stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $1,040.47, for a total value of $626,362.94. Following the transaction, the vice president directly owned 4,399 shares of the company’s stock, valued at $4,577,027.53. This represents a 12.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.35% of the stock is currently owned by corporate insiders.

Parker-Hannifin Profile

Parker-Hannifin is a global manufacturer of motion and control technologies. Its products include hydraulic and pneumatic systems, fluid connectors, filtration and sealing products, electromechanical components, and systems for aerospace and climate control applications.

The company serves customers across industries such as aerospace, manufacturing, transportation, energy, and life sciences. Its operations span markets around the world, with businesses organized around industrial and aerospace products and services.

Founded in 1917 by Arthur L.