Parker-Hannifin Corporation $PH Shares Sold by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC lowered its stake in Parker-Hannifin Corporation (NYSE:PH) by 15.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 173 shares of the industrial products company’s stock after selling 31 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Parker-Hannifin were worth $121,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Alley Investment Management Company LLC acquired a new stake in shares of Parker-Hannifin in the first quarter valued at about $7,996,000. Community Financial Services Group LLC grew its stake in shares of 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 valued at $4,030,000 after buying an additional 6,169 shares in the last quarter. Inspire Investing LLC grew its stake in shares of Parker-Hannifin by 5.1% in the first quarter. Inspire Investing LLC now owns 12,386 shares of the industrial products company’s stock valued at $7,529,000 after buying an additional 596 shares in the last quarter. Heartland Bank & Trust Co acquired a new stake in shares of Parker-Hannifin in the first quarter valued at about $260,000. Finally, Geneos Wealth Management Inc. grew its stake in shares of 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 valued at $1,334,000 after buying an additional 379 shares in the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Parker-Hannifin Trading Down 3.0%

Shares of NYSE PH opened at $716.31 on Friday. The company has a market cap of $90.64 billion, a price-to-earnings ratio of 26.41, a price-to-earnings-growth ratio of 3.06 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 stock’s 50 day simple moving average is $748.97 and its 200 day simple moving average is $685.15.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.08 by $0.61. The business had revenue of $5.24 billion for 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 business’s revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the business posted $6.77 EPS. 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 EPS for the current year.

Parker-Hannifin Dividend Announcement

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

Wall Street Analysts Forecast Growth

PH has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered 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. Cowen restated a “hold” rating on shares of Parker-Hannifin in a research note on Friday, August 29th. Raymond James Financial raised their price objective on Parker-Hannifin from $735.00 to $845.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Morgan Stanley raised their price objective on Parker-Hannifin from $700.00 to $725.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 9th. Finally, KeyCorp raised their price objective on Parker-Hannifin from $790.00 to $810.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Fourteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $786.78.

Insiders Place Their Bets

In other Parker-Hannifin news, EVP Joseph R. Leonti sold 4,625 shares of Parker-Hannifin stock in a transaction on 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 sale, the executive vice president 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Matthew A. Jacobson sold 575 shares of Parker-Hannifin stock in a transaction on Friday, August 8th. The shares were sold at an average price of $733.06, for a total value of $421,509.50. Following the sale, the vice president directly owned 1,000 shares in the company, valued at $733,060. The trade was a 36.51% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,039 shares of company stock worth $10,356,566. 0.32% of the stock is currently owned by insiders.

About Parker-Hannifin

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.