Parker-Hannifin Corporation $PH Shares Bought by Trustmark Bank Trust Department

by · The Cerbat Gem

Trustmark Bank Trust Department raised its holdings in Parker-Hannifin Corporation (NYSE:PH – Free Report) by 1.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 12,795 shares of the industrial products company’s stock after acquiring an additional 126 shares during the period. Trustmark Bank Trust Department’s holdings in Parker-Hannifin were worth $8,937,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Wealth Preservation Advisors LLC purchased a new stake in shares of Parker-Hannifin in the first quarter worth about $27,000. Saudi Central Bank purchased a new position in Parker-Hannifin during the first quarter valued at approximately $31,000. Interchange Capital Partners LLC purchased a new position in Parker-Hannifin during the second quarter valued at approximately $31,000. Accent Capital Management LLC acquired a new position in Parker-Hannifin in the first quarter valued at approximately $41,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its position in Parker-Hannifin by 421.4% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 73 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on PH shares. Deutsche Bank Aktiengesellschaft cut shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 target price for the company. in a research note on Thursday, September 4th. Wall Street Zen downgraded shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a research report on Friday. Argus reissued a “buy” rating and set a $900.00 target price on shares of Parker-Hannifin in a research note on Monday, November 10th. Citigroup lifted their price target on Parker-Hannifin from $831.00 to $874.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Finally, Mizuho upped their price target on Parker-Hannifin from $800.00 to $825.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Fourteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $860.71.

Read Our Latest Report on PH

Parker-Hannifin Stock Down 0.0%

PH stock opened at $861.15 on Friday. Parker-Hannifin Corporation has a 52 week low of $488.45 and a 52 week high of $869.36. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 0.55. The firm has a 50-day simple moving average of $783.98 and a 200-day simple moving average of $736.71. The stock has a market capitalization of $108.67 billion, a P/E ratio of 31.75, a P/E/G ratio of 3.21 and a beta of 1.37.

Parker-Hannifin (NYSE:PH – Get Free Report) last issued its quarterly 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 17.79% and a return on equity of 26.80%. The firm had revenue of $5.08 billion for the quarter, compared to analyst estimates of $4.94 billion. During the same period last year, the company posted $6.20 EPS. Parker-Hannifin’s quarterly 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. FY 2026 guidance at 29.600-30.400 EPS. Equities analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

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

Insider Transactions at Parker-Hannifin

In other news, VP Berend Bracht sold 3,507 shares of the stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $864.58, for a total value of $3,032,082.06. Following the completion of the sale, the vice president directly owned 2,580 shares in the company, valued at $2,230,616.40. This represents a 57.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Rachid Bendali sold 1,437 shares of the stock in a transaction dated 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 completion of the sale, the vice president owned 2,714 shares of the company’s stock, valued at approximately $2,315,014.86. The trade was a 34.62% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.32% of the stock is owned by corporate insiders.

About Parker-Hannifin

(Free Report)

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.

See Also

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