Truist Financial Corp Purchases 3,869 Shares of Parker-Hannifin Corporation $PH

Truist Financial Corp raised its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 2.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 170,179 shares of the industrial products company’s stock after purchasing an additional 3,869 shares during the quarter. Truist Financial Corp owned 0.13% of Parker-Hannifin worth $129,021,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Procyon Advisors LLC grew its holdings in shares of Parker-Hannifin by 158,565.9% during the third quarter. Procyon Advisors LLC now owns 5,069,374 shares of the industrial products company’s stock valued at $3,843,346,000 after buying an additional 5,066,179 shares during the last quarter. Norges Bank bought a new position in Parker-Hannifin in the 2nd quarter valued at about $1,352,509,000. Canada Pension Plan Investment Board boosted its stake in Parker-Hannifin by 115.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 367,904 shares of the industrial products company’s stock valued at $256,970,000 after purchasing an additional 197,317 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in Parker-Hannifin by 9.1% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,639,582 shares of the industrial products company’s stock worth $1,145,199,000 after purchasing an additional 136,359 shares in the last quarter. Finally, Lazard Freres Gestion S.A.S. bought a new stake in Parker-Hannifin during the 3rd quarter worth approximately $103,284,000. Institutional investors and hedge funds own 82.44% of the company’s stock.

Insider Buying and Selling at Parker-Hannifin

In other Parker-Hannifin news, VP Berend Bracht sold 3,507 shares of the business’s stock in a transaction 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 directly owned 2,580 shares in the company, valued at $2,230,616.40. The trade was a 57.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Rachid Bendali sold 1,437 shares of the stock in a transaction 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 transaction, the vice president owned 2,714 shares of the company’s stock, valued at $2,315,014.86. The trade was a 34.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 7,432 shares of company stock worth $6,484,116 over the last ninety days. 0.32% of the stock is currently owned by company insiders.

Parker-Hannifin Stock Performance

NYSE PH opened at $926.38 on Wednesday. The company has a market capitalization of $116.90 billion, a PE ratio of 33.00, a price-to-earnings-growth ratio of 3.24 and a beta of 1.25. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.61 and a current ratio of 1.07. Parker-Hannifin Corporation has a 52-week low of $488.45 and a 52-week high of $954.30. The company has a 50-day simple moving average of $890.98 and a 200 day simple moving average of $802.92.

Parker-Hannifin (NYSE:PH) last released its earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share for the quarter, beating 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 the consensus estimate of $4.94 billion. During the same period in the prior year, the firm earned $6.20 EPS. The company’s revenue was up 3.7% compared to the same quarter last year. 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, research analysts predict that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Wall Street Zen lowered Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Tuesday. Stifel Nicolaus increased their target price on shares of Parker-Hannifin from $869.00 to $941.00 and gave the company a “hold” rating in a report on Friday, January 23rd. Susquehanna reissued a “positive” rating and set a $1,000.00 price target on shares of Parker-Hannifin in a research report on Wednesday, November 12th. Truist Financial upped their price objective on shares of Parker-Hannifin from $977.00 to $1,097.00 and gave the stock a “buy” rating in a research report on Thursday, December 18th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Parker-Hannifin in a research note on Thursday, January 22nd. Seventeen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $950.17.

Parker-Hannifin Profile

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.