Tema Etfs LLC Acquires 2,417 Shares of Parker-Hannifin Corporation $PH
by Danessa Lincoln · The Markets DailyTema Etfs LLC increased its holdings in Parker-Hannifin Corporation (NYSE:PH – Free Report) by 24.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,105 shares of the industrial products company’s stock after buying an additional 2,417 shares during the period. Parker-Hannifin comprises approximately 0.8% of Tema Etfs LLC’s investment portfolio, making the stock its 23rd biggest holding. Tema Etfs LLC’s holdings in Parker-Hannifin were worth $9,177,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the stock. Interchange Capital Partners LLC purchased a new position in shares of Parker-Hannifin in the 2nd quarter valued at $31,000. State of Wyoming bought a new stake in Parker-Hannifin during the second quarter valued at about $38,000. Princeton Global Asset Management LLC boosted its position in Parker-Hannifin by 56.1% during the second quarter. Princeton Global Asset Management LLC now owns 64 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 23 shares in the last quarter. Sagard Holdings Management Inc. purchased a new position in Parker-Hannifin in the second quarter valued at about $46,000. Finally, Financial Consulate Inc. bought a new position in Parker-Hannifin in the third quarter worth about $47,000. Hedge funds and other institutional investors own 82.44% of the company’s stock.
Parker-Hannifin Trading Up 1.7%
PH stock opened at $922.18 on Monday. The company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 0.54. The business’s 50-day moving average is $863.45 and its 200 day moving average is $783.64. The stock has a market cap of $116.37 billion, a price-to-earnings ratio of 32.85, a PEG ratio of 3.20 and a beta of 1.25. Parker-Hannifin Corporation has a 12-month low of $488.45 and a 12-month high of $933.33.
Parker-Hannifin (NYSE:PH – Get Free Report) last posted its quarterly earnings data on Thursday, November 6th. The industrial products company reported $7.22 EPS for the quarter, beating the consensus estimate of $6.62 by $0.60. The firm had revenue of $5.08 billion during 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 was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company 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. On average, sell-side analysts anticipate that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.
Parker-Hannifin Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 7th were issued a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, November 7th. Parker-Hannifin’s payout ratio is currently 25.65%.
Insider Activity
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 transaction of $3,032,082.06. Following the transaction, the vice president owned 2,580 shares of the company’s stock, valued at approximately $2,230,616.40. The trade was a 57.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Rachid Bendali sold 1,437 shares of the company’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $852.99, for a total value 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 7,432 shares of company stock worth $6,484,116 over the last ninety days. Corporate insiders own 0.32% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on PH shares. Susquehanna restated a “positive” rating and issued a $1,000.00 price target on shares of Parker-Hannifin in a report on Wednesday, November 12th. Mizuho boosted their price target on Parker-Hannifin from $800.00 to $825.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Citigroup increased their price objective on shares of Parker-Hannifin from $960.00 to $1,006.00 and gave the company a “buy” rating in a research report on Monday, December 8th. JPMorgan Chase & Co. initiated coverage on shares of Parker-Hannifin in a research note on Tuesday, January 6th. They issued an “overweight” rating and a $1,050.00 target price for the company. Finally, Truist Financial boosted their target price 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. Sixteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $932.11.
View Our Latest Stock Report on Parker-Hannifin
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.
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