Venture Visionary Partners LLC Increases Stock Position in Parker-Hannifin Corporation $PH

Venture Visionary Partners LLC boosted its holdings in Parker-Hannifin Corporation (NYSE:PH) by 42.6% in the second quarter, Holdings Channel reports. The institutional investor owned 1,313 shares of the industrial products company’s stock after acquiring an additional 392 shares during the quarter. Venture Visionary Partners LLC’s holdings in Parker-Hannifin were worth $917,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in PH. Wealth Preservation Advisors LLC bought a new stake in shares of Parker-Hannifin during the first quarter valued at about $27,000. Saudi Central Bank purchased a new stake in shares of Parker-Hannifin in the first quarter worth $31,000. Olde Wealth Management LLC purchased a new stake in shares of Parker-Hannifin in the 1st quarter valued at about $35,000. Chilton Capital Management LLC grew its holdings in shares of Parker-Hannifin by 1,500.0% during the first quarter. Chilton Capital Management LLC now owns 64 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 60 shares in the last quarter. Finally, Accent Capital Management LLC purchased a new stake in Parker-Hannifin in the first quarter valued at approximately $41,000. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Insider Buying and Selling

In other Parker-Hannifin news, VP Robert W. Malone sold 2,257 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $730.66, for a total value of $1,649,099.62. Following the completion of the transaction, the vice president owned 5,866 shares in the company, valued at approximately $4,286,051.56. This represents a 27.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Angela R. Ives sold 810 shares of the business’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $727.36, for a total transaction of $589,161.60. Following the sale, the vice president owned 2,798 shares in the company, valued at approximately $2,035,153.28. This trade represents a 22.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,039 shares of company stock valued at $10,356,566 over the last 90 days. 0.32% of the stock is currently owned by company insiders.

Parker-Hannifin Stock Up 0.6%

Shares of Parker-Hannifin stock opened at $758.25 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55. Parker-Hannifin Corporation has a 12-month low of $488.45 and a 12-month high of $779.77. The company has a market cap of $95.95 billion, a P/E ratio of 27.96, a PEG ratio of 3.12 and a beta of 1.35. The company’s fifty day simple moving average is $745.86 and its two-hundred day simple moving average is $678.86.

Parker-Hannifin (NYSE:PH) last announced its earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share for the quarter, beating analysts’ consensus estimates of $7.08 by $0.61. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The firm had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same quarter in the previous year, the firm posted $6.77 EPS. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Research analysts anticipate that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were given a dividend of $1.80 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $7.20 annualized dividend and a dividend yield of 0.9%. Parker-Hannifin’s payout ratio is currently 26.55%.

Analysts Set New Price Targets

A number of research firms recently commented on PH. Stifel Nicolaus increased their target price on Parker-Hannifin from $717.00 to $726.00 and gave the company a “hold” rating in a research note on Friday, August 8th. Raymond James Financial boosted their price target on shares of Parker-Hannifin from $735.00 to $845.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Cowen restated a “hold” rating on shares of Parker-Hannifin in a report on Friday, August 29th. Wells Fargo & Company lifted their price target on Parker-Hannifin from $770.00 to $800.00 and gave the stock an “overweight” rating in a research note on Friday, August 8th. Finally, Susquehanna initiated coverage on Parker-Hannifin in a research note on Friday, August 15th. They set a “positive” rating and a $860.00 price objective for the company. Thirteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Parker-Hannifin presently has an average rating of “Moderate Buy” and an average price target of $770.94.

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.