Jacobsen Capital Management Raises Stake in Parker-Hannifin Corporation $PH

Jacobsen Capital Management raised its position in Parker-Hannifin Corporation (NYSE:PH) by 10.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 369 shares of the industrial products company’s stock after purchasing an additional 36 shares during the period. Jacobsen Capital Management’s holdings in Parker-Hannifin were worth $258,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the company. Brighton Jones LLC grew its stake in shares of Parker-Hannifin by 5.9% during the fourth quarter. Brighton Jones LLC now owns 1,808 shares of the industrial products company’s stock worth $1,150,000 after purchasing an additional 101 shares in the last quarter. Bison Wealth LLC raised its stake in Parker-Hannifin by 4.5% in the fourth quarter. Bison Wealth LLC now owns 749 shares of the industrial products company’s stock valued at $476,000 after buying an additional 32 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Parker-Hannifin by 8.9% during the 1st quarter. GAMMA Investing LLC now owns 2,855 shares of the industrial products company’s stock worth $1,735,000 after buying an additional 234 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Parker-Hannifin by 1.5% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 21,065 shares of the industrial products company’s stock worth $12,804,000 after acquiring an additional 314 shares in the last quarter. Finally, GHP Investment Advisors Inc. increased its holdings in shares of Parker-Hannifin by 0.9% in the 1st quarter. GHP Investment Advisors Inc. now owns 16,441 shares of the industrial products company’s stock valued at $9,994,000 after acquiring an additional 144 shares during the last quarter. 82.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Parker-Hannifin

In other Parker-Hannifin news, VP Angela R. Ives sold 810 shares of Parker-Hannifin stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $727.36, for a total value of $589,161.60. Following the sale, the vice president owned 2,798 shares of the company’s stock, valued at approximately $2,035,153.28. The trade was a 22.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $3,195,130.26. Following the transaction, the chief operating officer owned 13,120 shares in the company, valued at $9,612,499.20. The trade was a 24.95% 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 over the last 90 days. Insiders own 0.32% of the company’s stock.

Parker-Hannifin Trading Up 2.4%

NYSE:PH opened at $757.83 on Wednesday. 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 stock’s 50 day simple moving average is $750.81 and its 200-day simple moving average is $692.50. The firm has a market cap of $95.90 billion, a P/E ratio of 27.94, a PEG ratio of 3.06 and a beta of 1.35.

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

Parker-Hannifin Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on PH shares. Wells Fargo & Company upped their price target on Parker-Hannifin from $800.00 to $840.00 and gave the company an “overweight” rating in a report on Monday, October 6th. Stifel Nicolaus dropped their price target on Parker-Hannifin from $726.00 to $723.00 and set a “hold” rating on the stock in a research note on Monday. Evercore ISI reissued an “outperform” rating on shares of Parker-Hannifin in a report on Tuesday, August 19th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Parker-Hannifin in a report on Wednesday, October 8th. Finally, Barclays upped their price target on shares of Parker-Hannifin from $776.00 to $785.00 and gave the company an “overweight” rating in a research report on Wednesday, October 1st. Fourteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $789.67.

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.