IFP Advisors Inc Grows Stake in Parker-Hannifin Corporation $PH

IFP Advisors Inc grew its position in Parker-Hannifin Corporation (NYSE:PH) by 5.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,743 shares of the industrial products company’s stock after purchasing an additional 347 shares during the quarter. IFP Advisors Inc’s holdings in Parker-Hannifin were worth $4,729,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Callan Family Office LLC grew its holdings in Parker-Hannifin by 204.6% in the second quarter. Callan Family Office LLC now owns 3,323 shares of the industrial products company’s stock worth $2,321,000 after purchasing an additional 2,232 shares during the last quarter. Blair William & Co. IL grew its holdings in Parker-Hannifin by 17.7% in the second quarter. Blair William & Co. IL now owns 26,439 shares of the industrial products company’s stock worth $18,467,000 after purchasing an additional 3,983 shares during the last quarter. TFR Capital LLC. purchased a new position in Parker-Hannifin in the second quarter worth $223,000. Columbus Macro LLC grew its holdings in Parker-Hannifin by 7.7% in the second quarter. Columbus Macro LLC now owns 11,868 shares of the industrial products company’s stock worth $8,290,000 after purchasing an additional 846 shares during the last quarter. Finally, Schrum Private Wealth Management LLC purchased a new position in Parker-Hannifin in the second quarter worth $213,000. 82.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PH has been the topic of several analyst reports. Truist Financial lifted their price target on shares of Parker-Hannifin from $822.00 to $910.00 and gave the stock a “buy” rating in a report on Wednesday. Wall Street Zen upgraded shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a research note on Saturday, September 20th. Deutsche Bank Aktiengesellschaft downgraded shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price objective for the company. in a research note on Thursday, September 4th. Wells Fargo & Company lifted their price objective on shares of Parker-Hannifin from $800.00 to $840.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Susquehanna began coverage on shares of Parker-Hannifin in a research note on Friday, August 15th. They set a “positive” rating and a $860.00 price objective for the company. Fourteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Parker-Hannifin has a consensus rating of “Moderate Buy” and a consensus price target of $786.78.

Insiders Place Their Bets

In other Parker-Hannifin news, VP Robert W. Malone sold 2,257 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $730.66, for a total value of $1,649,099.62. Following the completion of the transaction, the vice president owned 5,866 shares in the company, valued at approximately $4,286,051.56. This represents a 27.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Angela R. Ives sold 810 shares of the company’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $727.36, for a total transaction of $589,161.60. Following the completion of the transaction, the vice president owned 2,798 shares of the company’s stock, valued at approximately $2,035,153.28. This trade represents a 22.45% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,039 shares of company stock valued at $10,356,566. Insiders own 0.32% of the company’s stock.

Parker-Hannifin Trading Down 1.9%

NYSE PH opened at $738.74 on Friday. The company has a market capitalization of $93.48 billion, a PE ratio of 27.24, a P/E/G ratio of 3.12 and a beta of 1.35. The company has a fifty day moving average of $748.87 and a 200 day moving average of $684.70. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $779.77. 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 (NYSE:PH) last posted 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 company had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.10 billion. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. 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. Research analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were given a $1.80 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.0%. 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.