Dupont Capital Management Corp Sells 4,580 Shares of Parker-Hannifin Corporation $PH

Dupont Capital Management Corp lessened its holdings in Parker-Hannifin Corporation (NYSE:PH) by 22.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 15,973 shares of the industrial products company’s stock after selling 4,580 shares during the period. Dupont Capital Management Corp’s holdings in Parker-Hannifin were worth $11,157,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Alley Investment Management Company LLC bought a new stake in Parker-Hannifin in the first quarter worth $7,996,000. Community Financial Services Group LLC increased its position in Parker-Hannifin by 1,338.2% in the first quarter. Community Financial Services Group LLC now owns 6,630 shares of the industrial products company’s stock worth $4,030,000 after purchasing an additional 6,169 shares during the last quarter. Inspire Investing LLC increased its position in Parker-Hannifin by 5.1% in the first quarter. Inspire Investing LLC now owns 12,386 shares of the industrial products company’s stock worth $7,529,000 after purchasing an additional 596 shares during the last quarter. Heartland Bank & Trust Co bought a new stake in Parker-Hannifin in the first quarter worth $260,000. Finally, Geneos Wealth Management Inc. increased its position in Parker-Hannifin by 20.9% in the first quarter. Geneos Wealth Management Inc. now owns 2,194 shares of the industrial products company’s stock worth $1,334,000 after purchasing an additional 379 shares during the last quarter. Institutional investors own 82.44% of the company’s stock.

Insider Activity

In other news, VP Matthew A. Jacobson sold 575 shares of the business’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $733.06, for a total transaction of $421,509.50. Following the completion of the sale, the vice president directly owned 1,000 shares of the company’s stock, valued at approximately $733,060. The trade was a 36.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joseph R. Leonti sold 4,625 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $750.84, for a total transaction of $3,472,635.00. Following the completion of the sale, the executive vice president directly owned 13,878 shares of the company’s stock, valued at approximately $10,420,157.52. This trade represents a 25.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 14,039 shares of company stock valued at $10,356,566. Insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

PH has been the topic of a number of analyst reports. Wells Fargo & Company boosted their price objective on shares of Parker-Hannifin from $800.00 to $840.00 and gave the company an “overweight” rating in a research report on Monday, October 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Parker-Hannifin in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft cut shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price objective on the stock. in a research report on Thursday, September 4th. Morgan Stanley boosted their price objective on shares of Parker-Hannifin from $700.00 to $725.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 9th. Finally, Susquehanna initiated coverage on shares of Parker-Hannifin in a research report on Friday, August 15th. They set a “positive” rating and a $860.00 price objective on the stock. Fourteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $789.67.

Parker-Hannifin Stock Up 0.9%

Shares of PH opened at $740.55 on Tuesday. The firm has a market capitalization of $93.71 billion, a P/E ratio of 27.31, a P/E/G ratio of 3.03 and a beta of 1.35. Parker-Hannifin Corporation has a 12-month low of $488.45 and a 12-month high of $779.77. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55. The firm has a fifty day moving average price of $750.70 and a 200-day moving average price of $692.04.

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

Parker-Hannifin Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Tuesday, September 2nd. Parker-Hannifin’s payout ratio is currently 26.55%.

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.