Parker-Hannifin Corporation $PH Shares Purchased by PDS Planning Inc

PDS Planning Inc lifted its holdings in Parker-Hannifin Corporation (NYSE:PH) by 12.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 699 shares of the industrial products company’s stock after purchasing an additional 75 shares during the period. PDS Planning Inc’s holdings in Parker-Hannifin were worth $488,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Wealth Preservation Advisors LLC acquired a new position in shares of Parker-Hannifin in the first quarter valued at approximately $27,000. Saudi Central Bank acquired a new position in Parker-Hannifin during the 1st quarter worth approximately $31,000. Olde Wealth Management LLC acquired a new position in Parker-Hannifin during the 1st quarter worth approximately $35,000. Chilton Capital Management LLC grew its holdings in Parker-Hannifin by 1,500.0% during the 1st quarter. Chilton Capital Management LLC now owns 64 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 60 shares in the last quarter. Finally, Accent Capital Management LLC acquired a new position in Parker-Hannifin during the 1st quarter worth approximately $41,000. Institutional investors and hedge funds own 82.44% of the company’s stock.

Wall Street Analyst Weigh In

PH has been the subject of several analyst reports. Truist Financial boosted 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. Barclays boosted their price target on shares of Parker-Hannifin from $776.00 to $785.00 and gave the stock an “overweight” rating in a report on Wednesday, October 1st. Raymond James Financial boosted their price target on shares of Parker-Hannifin from $735.00 to $845.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Citigroup boosted their price target on shares of Parker-Hannifin from $831.00 to $874.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft cut shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price target for the company. in a report on Thursday, September 4th. Fourteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $786.78.

Parker-Hannifin Trading Down 3.0%

Shares of Parker-Hannifin stock opened at $716.31 on Friday. The company has a fifty day simple moving average of $748.97 and a 200-day simple moving average of $685.49. 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 has a market cap of $90.64 billion, a price-to-earnings ratio of 26.41, a PEG ratio of 2.97 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.08 by $0.61. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The business had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter in the prior year, the business posted $6.77 EPS. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. On average, equities analysts forecast that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors 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 annualized dividend and a yield of 1.0%. Parker-Hannifin’s dividend payout ratio is 26.55%.

Insider Transactions at Parker-Hannifin

In related news, VP Robert W. Malone sold 2,257 shares of the company’s stock in a transaction on 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 sale, the vice president owned 5,866 shares in the company, valued at $4,286,051.56. This represents a 27.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Matthew A. Jacobson sold 575 shares of the company’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 owned 1,000 shares of the company’s stock, valued at approximately $733,060. This trade represents a 36.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,039 shares of company stock worth $10,356,566 over the last 90 days. Company insiders own 0.32% of the company’s stock.

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.