Parker-Hannifin Corporation $PH Stock Position Raised by Candriam S.C.A.

Candriam S.C.A. lifted its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 7.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,944 shares of the industrial products company’s stock after purchasing an additional 5,016 shares during the period. Candriam S.C.A.’s holdings in Parker-Hannifin were worth $72,824,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Parker-Hannifin in the 2nd quarter valued at $10,163,362,000. Bank of America Corp DE bought a new position in Parker-Hannifin during the 2nd quarter worth $3,273,507,000. Deutsche Bank AG bought a new position in Parker-Hannifin during the 2nd quarter worth $987,587,000. Bank of New York Mellon Corp acquired a new stake in shares of Parker-Hannifin during the second quarter worth $712,222,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Parker-Hannifin during the second quarter worth $305,628,000. 82.44% of the stock is owned by institutional investors and hedge funds.

Key Parker-Hannifin News

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 Buying and Selling at Parker-Hannifin

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

Parker-Hannifin Price Performance

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

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

Parker-Hannifin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 13th will be issued a dividend of $2.00 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.9%. Parker-Hannifin’s payout ratio is 27.47%.

Analysts Set New Price Targets

PH has been the topic of several research reports. TD Cowen upped their price target on shares of Parker-Hannifin from $850.00 to $950.00 and gave the company a “hold” rating in a research note on Wednesday, October 14th. Raymond James Financial boosted their price objective on shares of Parker-Hannifin from $1,050.00 to $1,250.00 and gave the company an “outperform” rating in a report on Monday, August 10th. KeyCorp increased their target price on shares of Parker-Hannifin from $1,100.00 to $1,210.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. The Goldman Sachs Group raised their target price on shares of Parker-Hannifin from $1,071.00 to $1,165.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Parker-Hannifin from $998.00 to $1,023.00 and gave the company a “hold” rating in a research report on Wednesday, September 30th. Eighteen 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, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,146.35.

About Parker-Hannifin

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.