Parker-Hannifin Corporation $PH Shares Sold by Robeco Institutional Asset Management B.V.

by · The Markets Daily

Robeco Institutional Asset Management B.V. lowered its position in shares of Parker-Hannifin Corporation (NYSE:PH – Free Report) by 55.6% in the third quarter, Holdings Channel reports. The firm owned 9,922 shares of the industrial products company’s stock after selling 12,445 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Parker-Hannifin were worth $9,480,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of PH. E Fund Management Co. Ltd. boosted its position in shares of Parker-Hannifin by 2.1% during the second quarter. E Fund Management Co. Ltd. now owns 477 shares of the industrial products company’s stock worth $467,000 after purchasing an additional 10 shares in the last quarter. Optas LLC grew its holdings in shares of Parker-Hannifin by 3.1% in the 1st quarter. Optas LLC now owns 370 shares of the industrial products company’s stock valued at $331,000 after buying an additional 11 shares during the period. Allen Capital Group LLC grew its holdings in shares of Parker-Hannifin by 4.8% in the 1st quarter. Allen Capital Group LLC now owns 264 shares of the industrial products company’s stock valued at $236,000 after buying an additional 12 shares during the period. Doliver Advisors LP increased its position in shares of Parker-Hannifin by 0.6% in the 2nd quarter. Doliver Advisors LP now owns 2,011 shares of the industrial products company’s stock valued at $1,967,000 after buying an additional 12 shares in the last quarter. Finally, Bullock Wealth Management Group increased its position in shares of Parker-Hannifin by 1.6% in the 3rd quarter. Bullock Wealth Management Group now owns 754 shares of the industrial products company’s stock valued at $728,000 after buying an additional 12 shares in the last quarter. Institutional investors own 82.44% of the company’s stock.

Insider Activity

In other news, VP Berend Bracht sold 602 shares of the business’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 in the company, valued at $4,577,027.53. The trade was a 12.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.35% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently commented on PH shares. JPMorgan Chase & Co. dropped their price objective on Parker-Hannifin from $1,140.00 to $1,131.00 and set an “overweight” rating on the stock in a research note on Friday, October 9th. Citigroup boosted their target price on Parker-Hannifin from $1,232.00 to $1,234.00 and gave the company a “buy” rating in a research note on Monday, October 12th. BNP Paribas Exane increased their price target on Parker-Hannifin from $1,220.00 to $1,270.00 and gave the stock an “outperform” rating in a report on Friday, September 18th. BMO Capital Markets restated an “outperform” rating and issued a $1,214.00 price target (up from $1,068.00) on shares of Parker-Hannifin in a report on Friday, August 7th. Finally, KeyCorp raised their price target on 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. Eighteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,146.35.

View Our Latest Analysis on PH

Parker-Hannifin Stock Down 1.5%

Shares of PH stock opened at $880.03 on Friday. The firm has a fifty day moving average of $966.89 and a 200-day moving average of $951.03. The company has a quick ratio of 0.74, a current ratio of 1.26 and a debt-to-equity ratio of 0.44. Parker-Hannifin Corporation has a 12-month low of $755.10 and a 12-month high of $1,099.94. The company has a market capitalization of $110.98 billion, a price-to-earnings ratio of 30.89, a P/E/G ratio of 2.45 and a beta of 1.12.

Parker-Hannifin (NYSE:PH – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The industrial products company reported $9.27 EPS for the quarter, beating the consensus estimate of $8.31 by $0.96. The business had revenue of $5.75 billion for the quarter, compared to analysts’ expectations of $5.57 billion. Parker-Hannifin had a net margin of 16.97% and a return on equity of 28.48%. The firm’s revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $7.69 EPS. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. As a group, equities research analysts predict that Parker-Hannifin Corporation will post 35.72 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Monday, August 31st were paid a $2.00 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $8.00 annualized dividend and a dividend yield of 0.9%. Parker-Hannifin’s dividend payout ratio (DPR) is currently 28.08%.

Parker-Hannifin Company Profile

(Free Report)

Parker-Hannifin Corporation is a diversified manufacturer of motion and control technologies and systems. The company serves aerospace, industrial, and other specialized markets with products designed to control the movement and flow of liquids and gases, as well as mechanical motion and power.

Its product portfolio includes hydraulic and pneumatic systems, filtration and process-control equipment, electromechanical technologies, sealing and shielding products, connectors, pumps, valves, and related components.

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