Leavell Investment Management Inc. Raises Holdings in Parker-Hannifin Corporation $PH

Leavell Investment Management Inc. increased its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 1.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,168 shares of the industrial products company’s stock after acquiring an additional 50 shares during the period. Leavell Investment Management Inc.’s holdings in Parker-Hannifin were worth $2,911,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Alley Investment Management Company LLC acquired a new stake in shares of Parker-Hannifin during the 1st quarter worth approximately $7,996,000. Inspire Investing LLC boosted its holdings in Parker-Hannifin by 5.1% during the first quarter. Inspire Investing LLC now owns 12,386 shares of the industrial products company’s stock worth $7,529,000 after buying an additional 596 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Parker-Hannifin by 20.9% during the first quarter. Geneos Wealth Management Inc. now owns 2,194 shares of the industrial products company’s stock valued at $1,334,000 after buying an additional 379 shares during the period. Banco Santander S.A. increased its holdings in Parker-Hannifin by 70.2% in the first quarter. Banco Santander S.A. now owns 35,645 shares of the industrial products company’s stock valued at $21,667,000 after buying an additional 14,705 shares in the last quarter. Finally, Citizens Financial Group Inc. RI raised its position in shares of Parker-Hannifin by 10.6% in the first quarter. Citizens Financial Group Inc. RI now owns 32,935 shares of the industrial products company’s stock worth $20,020,000 after acquiring an additional 3,147 shares during the period. 82.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Parker-Hannifin news, VP Robert W. Malone sold 2,257 shares of the business’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $730.66, for a total transaction of $1,649,099.62. Following the transaction, the vice president owned 5,866 shares of the company’s stock, valued at approximately $4,286,051.56. The trade was a 27.79% 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, COO Andrew D. Ross sold 4,361 shares of the company’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $732.66, for a total value of $3,195,130.26. Following the completion of the sale, the chief operating officer owned 13,120 shares of the company’s stock, valued at approximately $9,612,499.20. The trade was a 24.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,039 shares of company stock valued at $10,356,566. Insiders own 0.32% of the company’s stock.

Parker-Hannifin Stock Performance

Shares of NYSE:PH opened at $772.86 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $779.77. The firm has a market capitalization of $97.80 billion, a PE ratio of 28.50, a P/E/G ratio of 3.19 and a beta of 1.35. The business’s 50 day moving average price is $751.64 and its 200-day moving average price is $697.37.

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

Parker-Hannifin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 7th will be issued a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, November 7th. Parker-Hannifin’s payout ratio is currently 26.55%.

Analysts Set New Price Targets

A number of research firms have recently commented on PH. Susquehanna began coverage on Parker-Hannifin in a research report on Friday, August 15th. They set a “positive” rating and a $860.00 target price on the stock. Wells Fargo & Company raised their price objective on Parker-Hannifin from $800.00 to $840.00 and gave the company an “overweight” rating in a report on Monday, October 6th. Mizuho boosted their price objective on Parker-Hannifin from $800.00 to $825.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. KeyCorp increased their target price on Parker-Hannifin from $810.00 to $825.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Finally, Truist Financial lifted their price target on shares of Parker-Hannifin from $822.00 to $910.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Fourteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $789.67.

About Parker-Hannifin

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.