Parker-Hannifin (NYSE:PH) Issues Earnings Results

Parker-Hannifin (NYSE:PH) announced its earnings results on Thursday. The industrial products company reported $7.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.62 by $0.60, Zacks reports. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The company had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $4.94 billion. During the same quarter in the previous year, the firm earned $6.20 earnings per share. Parker-Hannifin’s quarterly revenue was up 3.7% on a year-over-year basis. Parker-Hannifin updated its FY 2026 guidance to 29.600-30.400 EPS and its FY 2026 guidance to 29.600-30.400 EPS.

Parker-Hannifin Price Performance

Shares of NYSE PH traded down $3.23 during mid-day trading on Friday, reaching $830.92. 345,430 shares of the company traded hands, compared to its average volume of 704,676. The firm has a market cap of $105.15 billion, a PE ratio of 30.54, a price-to-earnings-growth ratio of 3.21 and a beta of 1.37. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71. Parker-Hannifin has a fifty-two week low of $488.45 and a fifty-two week high of $851.86. The stock has a fifty day simple moving average of $756.80 and a 200-day simple moving average of $710.40.

Parker-Hannifin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 7th will be paid a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, November 7th. Parker-Hannifin’s payout ratio is presently 26.55%.

Insiders Place Their Bets

In other news, EVP Joseph R. Leonti sold 4,625 shares of the firm’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $750.84, for a total transaction of $3,472,635.00. Following the completion of the transaction, the executive vice president owned 13,878 shares in the company, valued at approximately $10,420,157.52. This trade represents a 25.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.32% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PH. Sivia Capital Partners LLC grew its stake in shares of Parker-Hannifin by 3.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 430 shares of the industrial products company’s stock worth $300,000 after acquiring an additional 15 shares in the last quarter. Bison Wealth LLC increased its stake in Parker-Hannifin by 4.5% in the 4th quarter. Bison Wealth LLC now owns 749 shares of the industrial products company’s stock valued at $476,000 after buying an additional 32 shares during the last quarter. Brighton Jones LLC lifted its position in Parker-Hannifin by 5.9% during the 4th quarter. Brighton Jones LLC now owns 1,808 shares of the industrial products company’s stock worth $1,150,000 after buying an additional 101 shares in the last quarter. Diversify Advisory Services LLC boosted its stake in shares of Parker-Hannifin by 152.3% during the 2nd quarter. Diversify Advisory Services LLC now owns 1,307 shares of the industrial products company’s stock worth $983,000 after buying an additional 789 shares during the last quarter. Finally, Peapack Gladstone Financial Corp bought a new position in shares of Parker-Hannifin in the 2nd quarter valued at about $1,663,000. Institutional investors and hedge funds own 82.44% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on PH. Deutsche Bank Aktiengesellschaft lowered Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price objective on the stock. in a research note on Thursday, September 4th. Evercore ISI reissued an “outperform” rating on shares of Parker-Hannifin in a research note on Tuesday, August 19th. Weiss Ratings restated a “buy (b)” rating on shares of Parker-Hannifin in a report on Wednesday, October 8th. Susquehanna increased their price objective on Parker-Hannifin from $860.00 to $960.00 and gave the company a “positive” rating in a research note on Friday. Finally, Stifel Nicolaus decreased their target price on shares of Parker-Hannifin from $726.00 to $723.00 and set a “hold” rating on the stock in a research note on Monday, October 20th. Twelve analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Parker-Hannifin currently has a consensus rating of “Moderate Buy” and a consensus price target of $813.82.

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.