Parker-Hannifin Corporation $PH Shares Sold by TruNorth Capital Management LLC

TruNorth Capital Management LLC reduced its position in Parker-Hannifin Corporation (NYSE:PH) by 10.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 283 shares of the industrial products company’s stock after selling 34 shares during the quarter. TruNorth Capital Management LLC’s holdings in Parker-Hannifin were worth $198,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Trust Co. of Vermont grew its position in Parker-Hannifin by 4.6% in the 2nd quarter. Trust Co. of Vermont now owns 1,598 shares of the industrial products company’s stock valued at $1,116,000 after acquiring an additional 70 shares in the last quarter. Impact Capital Partners LLC grew its position in Parker-Hannifin by 9.6% in the 2nd quarter. Impact Capital Partners LLC now owns 388 shares of the industrial products company’s stock valued at $271,000 after acquiring an additional 34 shares in the last quarter. Childress Capital Advisors LLC acquired a new position in Parker-Hannifin in the 2nd quarter valued at about $368,000. Alley Investment Management Company LLC grew its position in Parker-Hannifin by 1.5% in the 2nd quarter. Alley Investment Management Company LLC now owns 13,356 shares of the industrial products company’s stock valued at $9,329,000 after acquiring an additional 202 shares in the last quarter. Finally, Truist Financial Corp grew its position in Parker-Hannifin by 3.8% in the 2nd quarter. Truist Financial Corp now owns 166,310 shares of the industrial products company’s stock valued at $116,162,000 after acquiring an additional 6,086 shares in the last quarter. 82.44% of the stock is owned by institutional investors and hedge funds.

Parker-Hannifin Price Performance

PH stock opened at $755.64 on Thursday. The business has a 50 day moving average price of $746.40 and a 200 day moving average price of $679.39. The stock has a market cap of $95.62 billion, a price-to-earnings ratio of 27.86, a PEG ratio of 3.14 and a beta of 1.35. Parker-Hannifin Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $779.77. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 0.55.

Parker-Hannifin (NYSE:PH) last posted its 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. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The firm had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter in the previous year, the business earned $6.77 earnings per share. The firm’s revenue was up 1.1% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Equities research analysts anticipate that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

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

Insider Buying and Selling

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

Analyst Ratings Changes

PH has been the subject of a number of analyst reports. Cowen reissued a “hold” rating on shares of Parker-Hannifin in a research report on Friday, August 29th. Stifel Nicolaus boosted their price objective on Parker-Hannifin from $717.00 to $726.00 and gave the stock a “hold” rating in a research report on Friday, August 8th. Morgan Stanley boosted their price objective on Parker-Hannifin from $700.00 to $725.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 9th. Wall Street Zen raised Parker-Hannifin from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. Finally, KeyCorp boosted their price objective on Parker-Hannifin from $790.00 to $810.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Thirteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $771.44.

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.