Parker-Hannifin Corporation $PH Stock: One Way Holdings LLC Boosts Holdings

One Way Holdings LLC grew its stake in Parker-Hannifin Corporation (NYSE:PH) by 19.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,597 shares of the industrial products company’s stock after acquiring an additional 2,011 shares during the period. One Way Holdings LLC’s holdings in Parker-Hannifin were worth $12,035,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Polaris Financial Partners acquired a new position in Parker-Hannifin during the third quarter valued at approximately $26,000. Latitude Advisors LLC acquired a new position in shares of Parker-Hannifin during the 3rd quarter worth approximately $27,000. Archer Investment Corp acquired a new position in shares of Parker-Hannifin during the 2nd quarter worth approximately $28,000. Pension & Wealth Management Advisors Inc. bought a new stake in shares of Parker-Hannifin during the 3rd quarter worth approximately $30,000. Finally, NFSG Corp raised its stake in shares of Parker-Hannifin by 94.4% during the 1st quarter. NFSG Corp now owns 35 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 17 shares in the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Insider Buying and Selling

In other Parker-Hannifin news, VP Berend Bracht sold 602 shares of the company’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $1,040.47, for a total value of $626,362.94. Following the transaction, the vice president directly owned 4,399 shares in the company, valued at $4,577,027.53. The trade was a 12.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.35% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on PH shares. Wells Fargo & Company began coverage on Parker-Hannifin in a report on Thursday, September 24th. They issued an “equal weight” rating and a $1,050.00 price objective for the company. Citigroup upped their price target on shares of Parker-Hannifin from $1,232.00 to $1,234.00 and gave the stock a “buy” rating in a research report on Monday, October 12th. Sanford C. Bernstein upped their price target on shares of Parker-Hannifin from $1,037.00 to $1,218.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Evercore increased their price target on shares of Parker-Hannifin from $1,064.00 to $1,217.00 and gave the company an “outperform” rating in a research note on Tuesday, August 11th. Finally, Mizuho set a $1,200.00 price objective on shares of Parker-Hannifin in a research report on Thursday, October 15th. Eighteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,146.35.

Parker-Hannifin Stock Performance

PH opened at $898.73 on Monday. The company has a quick ratio of 0.74, a current ratio of 1.26 and a debt-to-equity ratio of 0.44. Parker-Hannifin Corporation has a 12-month low of $755.10 and a 12-month high of $1,099.94. The business has a 50 day moving average of $956.18 and a 200-day moving average of $949.73. The stock has a market cap of $113.34 billion, a price-to-earnings ratio of 31.55, a PEG ratio of 2.51 and a beta of 1.12.

Parker-Hannifin (NYSE:PH) last posted its earnings results on Thursday, August 6th. The industrial products company reported $9.27 earnings per share for the quarter, topping analysts’ consensus estimates of $8.31 by $0.96. Parker-Hannifin had a return on equity of 28.48% and a net margin of 16.97%. The business had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.57 billion. During the same period in the previous year, the firm earned $7.69 EPS. The firm’s revenue was up 9.8% compared to the same quarter last year. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. On average, equities research analysts expect that Parker-Hannifin Corporation will post 35.72 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, November 13th. Parker-Hannifin’s payout ratio is 28.08%.

Parker-Hannifin Company Profile

Parker-Hannifin Corporation is a diversified manufacturer of motion and control technologies and systems. The company serves aerospace, industrial, and other specialized markets with products designed to control the movement and flow of liquids and gases, as well as mechanical motion and power.

Its product portfolio includes hydraulic and pneumatic systems, filtration and process-control equipment, electromechanical technologies, sealing and shielding products, connectors, pumps, valves, and related components.