Boyd Watterson Asset Management LLC OH Reduces Stake in Parker-Hannifin Corporation $PH

Boyd Watterson Asset Management LLC OH reduced its position in Parker-Hannifin Corporation (NYSE:PH) by 0.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,527 shares of the industrial products company’s stock after selling 22 shares during the period. Parker-Hannifin comprises 1.2% of Boyd Watterson Asset Management LLC OH’s investment portfolio, making the stock its 22nd biggest position. Boyd Watterson Asset Management LLC OH’s holdings in Parker-Hannifin were worth $3,860,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Alley Investment Management Company LLC purchased a new position in Parker-Hannifin during the first quarter worth $7,996,000. Inspire Investing LLC increased its position 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. increased 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 worth $1,334,000 after buying an additional 379 shares in the last quarter. Banco Santander S.A. increased its position in Parker-Hannifin by 70.2% during the first quarter. Banco Santander S.A. now owns 35,645 shares of the industrial products company’s stock worth $21,667,000 after buying an additional 14,705 shares in the last quarter. Finally, Citizens Financial Group Inc. RI increased its position in Parker-Hannifin by 10.6% during 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 buying an additional 3,147 shares in the last quarter. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PH. Raymond James Financial raised their price target on Parker-Hannifin from $735.00 to $845.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. KeyCorp lifted their target price on Parker-Hannifin from $810.00 to $825.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft cut Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price objective on the stock. in a research note on Thursday, September 4th. Mizuho boosted their price objective on Parker-Hannifin from $800.00 to $825.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Finally, Cowen reaffirmed a “hold” rating on shares of Parker-Hannifin in a research report on Friday, August 29th. Fourteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Parker-Hannifin presently has a consensus rating of “Moderate Buy” and an average target price of $789.67.

Parker-Hannifin Stock Performance

Shares of PH stock opened at $775.02 on Tuesday. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 0.55. The business has a 50 day moving average of $752.41 and a two-hundred day moving average of $699.32. Parker-Hannifin Corporation has a 52 week low of $488.45 and a 52 week high of $780.00. The company has a market cap of $98.07 billion, a P/E ratio of 28.58, a PEG ratio of 3.19 and a beta of 1.35.

Parker-Hannifin (NYSE:PH) last issued its earnings results on Thursday, August 7th. The industrial products company reported $7.69 EPS for the quarter, beating analysts’ consensus estimates of $7.08 by $0.61. The company 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%.Parker-Hannifin’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.77 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, analysts anticipate that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

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

Insider Buying and Selling at Parker-Hannifin

In other news, COO Andrew D. Ross sold 4,361 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $732.66, for a total transaction of $3,195,130.26. Following the completion of the transaction, the chief operating officer directly owned 13,120 shares in the company, valued at approximately $9,612,499.20. The trade was a 24.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Robert W. Malone sold 2,257 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president owned 5,866 shares of the company’s stock, valued at approximately $4,286,051.56. This represents a 27.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,039 shares of company stock valued at $10,356,566. 0.32% of the stock is currently owned by insiders.

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.