HUB Investment Partners LLC Decreases Holdings in Parker-Hannifin Corporation $PH

HUB Investment Partners LLC trimmed its position in Parker-Hannifin Corporation (NYSE:PH) by 7.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 7,558 shares of the industrial products company’s stock after selling 585 shares during the quarter. HUB Investment Partners LLC’s holdings in Parker-Hannifin were worth $5,279,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Brighton Jones LLC grew its stake 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 during the last quarter. Bison Wealth LLC grew its stake in shares of Parker-Hannifin by 4.5% during the fourth quarter. Bison Wealth LLC now owns 749 shares of the industrial products company’s stock worth $476,000 after acquiring an additional 32 shares during the last quarter. Klingman & Associates LLC grew its stake in shares of Parker-Hannifin by 4.3% during the first quarter. Klingman & Associates LLC now owns 437 shares of the industrial products company’s stock worth $266,000 after acquiring an additional 18 shares during the last quarter. National Pension Service increased its holdings in shares of Parker-Hannifin by 8.9% during the first quarter. National Pension Service now owns 289,509 shares of the industrial products company’s stock valued at $175,978,000 after acquiring an additional 23,749 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its position in shares of Parker-Hannifin by 4.1% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,900 shares of the industrial products company’s stock valued at $2,371,000 after purchasing an additional 154 shares during the last quarter. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Analyst Upgrades and Downgrades

PH has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft downgraded shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 target price on the stock. in a research report on Thursday, September 4th. Robert W. Baird boosted their price objective on shares of Parker-Hannifin from $930.00 to $960.00 and gave the company an “outperform” rating in a report on Wednesday, November 12th. Susquehanna reissued a “positive” rating and issued a $1,000.00 target price on shares of Parker-Hannifin in a research report on Wednesday, November 12th. KeyCorp raised their target price on Parker-Hannifin from $825.00 to $935.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Finally, Wall Street Zen cut Parker-Hannifin from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Fourteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $889.50.

Insider Activity at Parker-Hannifin

In other Parker-Hannifin news, VP Berend Bracht sold 3,507 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $864.58, for a total value of $3,032,082.06. Following the sale, the vice president owned 2,580 shares in the company, valued at approximately $2,230,616.40. This represents a 57.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Rachid Bendali sold 1,437 shares of Parker-Hannifin stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $852.99, for a total transaction of $1,225,746.63. Following the transaction, the vice president directly owned 2,714 shares of the company’s stock, valued at approximately $2,315,014.86. This trade represents a 34.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.32% of the company’s stock.

Parker-Hannifin Trading Up 1.0%

Shares of Parker-Hannifin stock opened at $897.72 on Friday. The stock has a market cap of $113.28 billion, a PE ratio of 31.98, a price-to-earnings-growth ratio of 3.09 and a beta of 1.25. The firm has a fifty day moving average price of $805.46 and a 200 day moving average price of $748.98. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $901.31. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.07 and a quick ratio of 0.61.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share for the quarter, topping the consensus estimate of $6.62 by $0.60. The company had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $4.94 billion. Parker-Hannifin had a return on equity of 27.23% and a net margin of 18.17%.The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the firm earned $6.20 EPS. 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. Equities research analysts predict that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 7th were issued a $1.80 dividend. The ex-dividend date of this dividend was Friday, November 7th. This represents a $7.20 dividend on an annualized basis and a yield of 0.8%. Parker-Hannifin’s payout ratio is presently 25.65%.

Parker-Hannifin Profile

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.