Challenger Wealth Management Sells 30 Shares of Parker-Hannifin Corporation $PH

Challenger Wealth Management reduced its stake in Parker-Hannifin Corporation (NYSE:PH) by 4.2% in the first quarter, Holdings Channel.com reports. The institutional investor owned 686 shares of the industrial products company’s stock after selling 30 shares during the period. Challenger Wealth Management’s holdings in Parker-Hannifin were worth $417,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of PH. Wealth Preservation Advisors LLC purchased a new position in shares of Parker-Hannifin during the 1st quarter worth approximately $27,000. Mpwm Advisory Solutions LLC bought a new stake in shares of Parker-Hannifin during the fourth quarter valued at approximately $32,000. Saudi Central Bank purchased a new stake in Parker-Hannifin in the first quarter worth $31,000. Olde Wealth Management LLC bought a new position in Parker-Hannifin in the first quarter worth $35,000. Finally, Chilton Capital Management LLC lifted its position in 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 valued at $39,000 after buying an additional 60 shares during the period. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on PH shares. Raymond James Financial upped their target price on shares of Parker-Hannifin from $735.00 to $845.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Morgan Stanley boosted their price objective on shares of Parker-Hannifin from $700.00 to $725.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 9th. Cowen reaffirmed a “hold” rating on shares of Parker-Hannifin in a research note on Friday, August 29th. Citigroup reiterated a “buy” rating and set a $831.00 target price (up from $709.00) on shares of Parker-Hannifin in a report on Monday, July 14th. Finally, Deutsche Bank Aktiengesellschaft downgraded Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price target on the stock. in a research note on Thursday. Thirteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $770.94.

Insider Buying and Selling

In other Parker-Hannifin news, VP Thomas C. Gentile sold 1,133 shares of the firm’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $729.50, for a total value of $826,523.50. Following the transaction, the vice president directly owned 5,465 shares of the company’s stock, valued at approximately $3,986,717.50. This trade represents a 17.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Joseph R. Leonti sold 4,625 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $750.84, for a total transaction of $3,472,635.00. Following the sale, the executive vice president directly owned 13,878 shares of the company’s stock, valued at $10,420,157.52. The trade was a 25.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,039 shares of company stock valued at $10,356,566 in the last 90 days. Insiders own 0.39% of the company’s stock.

Parker-Hannifin Price Performance

PH opened at $758.63 on Monday. The company’s 50-day simple moving average is $731.05 and its two-hundred day simple moving average is $664.92. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19. The stock has a market capitalization of $96.94 billion, a P/E ratio of 27.97, a P/E/G ratio of 3.14 and a beta of 1.35. Parker-Hannifin Corporation has a 52-week low of $488.45 and a 52-week high of $773.30.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings data 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 company had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter in the prior year, the firm earned $6.77 earnings per share. The firm’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. As a group, analysts predict that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Announces Dividend

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

Parker-Hannifin Company 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.