Jefferies Financial Group Inc. Buys 11,736 Shares of Parker-Hannifin Corporation $PH

Jefferies Financial Group Inc. grew its stake in Parker-Hannifin Corporation (NYSE:PH) by 29.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,766 shares of the industrial products company’s stock after buying an additional 11,736 shares during the period. Jefferies Financial Group Inc.’s holdings in Parker-Hannifin were worth $49,458,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Polaris Financial Partners bought a new stake in shares of Parker-Hannifin during the 3rd quarter worth $26,000. Archer Investment Corp purchased a new position in Parker-Hannifin in the second quarter worth $28,000. Latitude Advisors LLC purchased a new position in Parker-Hannifin in the third quarter worth $27,000. Team Financial Group LLC bought a new position in Parker-Hannifin in the third quarter valued at $28,000. Finally, Pension & Wealth Management Advisors Inc. bought a new position in Parker-Hannifin in the third quarter valued at $30,000. Institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Price Performance

Shares of NYSE:PH opened at $972.53 on Thursday. The stock has a market cap of $122.64 billion, a PE ratio of 33.40, a PEG ratio of 2.28 and a beta of 1.15. The company’s fifty day moving average is $945.68 and its 200 day moving average is $949.65. Parker-Hannifin Corporation has a 52 week low of $806.22 and a 52 week high of $1,099.94. The company has a quick ratio of 0.55, a current ratio of 0.94 and a debt-to-equity ratio of 0.79.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings results on Thursday, November 5th. The industrial products company reported $8.90 earnings per share for the quarter, topping the consensus estimate of $8.21 by $0.69. Parker-Hannifin had a net margin of 16.62% and a return on equity of 28.80%. The business had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.81 billion. During the same period in the previous year, the firm posted $7.22 earnings per share. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. Parker-Hannifin has set its FY 2027 guidance at 36.450-37.250 EPS. Research analysts anticipate that Parker-Hannifin Corporation will post 37.07 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 13th will be paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, November 13th. Parker-Hannifin’s payout ratio is 27.47%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group raised their price target on Parker-Hannifin from $1,071.00 to $1,165.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Jefferies Financial Group upped their price objective on Parker-Hannifin from $1,100.00 to $1,275.00 in a report on Friday, August 7th. Deutsche Bank upped their price objective on Parker-Hannifin from $998.00 to $1,023.00 and gave the stock a “hold” rating in a report on Wednesday, September 30th. Wall Street Zen downgraded Parker-Hannifin from a “buy” rating to a “hold” rating in a research report on Saturday, November 7th. Finally, Raymond James Financial upped their target price on Parker-Hannifin from $1,050.00 to $1,250.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Eighteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,146.35.

Insider Buying and Selling at Parker-Hannifin

In related news, VP Berend Bracht sold 602 shares of the stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $1,040.47, for a total transaction of $626,362.94. Following the completion of the sale, the vice president directly owned 4,399 shares in the company, valued at $4,577,027.53. This represents a 12.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.35% of the company’s stock.

About Parker-Hannifin

Parker-Hannifin is a global manufacturer of motion and control technologies. Its products include hydraulic and pneumatic systems, fluid connectors, filtration and sealing products, electromechanical components, and systems for aerospace and climate control applications. The company serves customers across industries such as aerospace, manufacturing, transportation, energy, and life sciences. Its operations span markets around the world, with businesses organized around industrial and aerospace products and services.