RFG Bristol Wealth Advisors LLC Grows Position in Parker-Hannifin Corporation $PH

RFG Bristol Wealth Advisors LLC raised its position in Parker-Hannifin Corporation (NYSE:PH) by 488.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,960 shares of the industrial products company’s stock after purchasing an additional 1,627 shares during the quarter. RFG Bristol Wealth Advisors LLC’s holdings in Parker-Hannifin were worth $1,369,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Wealth Preservation Advisors LLC purchased a new position in Parker-Hannifin in the first quarter valued at approximately $27,000. Saudi Central Bank purchased a new position in shares of Parker-Hannifin in the 1st quarter valued at $31,000. Interchange Capital Partners LLC purchased a new position in shares of Parker-Hannifin in the 2nd quarter valued at $31,000. Accent Capital Management LLC purchased a new position in shares of Parker-Hannifin in the 1st quarter valued at $41,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Parker-Hannifin by 421.4% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 73 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 59 shares during the period. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Stock Down 0.3%

Shares of NYSE PH opened at $769.55 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $792.53. The stock’s 50-day simple moving average is $755.33 and its 200-day simple moving average is $709.07. The firm has a market cap of $97.38 billion, a price-to-earnings ratio of 28.38, a PEG ratio of 3.21 and a beta of 1.35.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data 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. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The company had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the previous year, the business earned $6.77 EPS. Parker-Hannifin’s revenue for the quarter 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. As a group, equities analysts anticipate that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 7th will be given a $1.80 dividend. The ex-dividend date of this dividend is Friday, November 7th. This represents a $7.20 annualized dividend and a dividend yield of 0.9%. Parker-Hannifin’s payout ratio is presently 26.55%.

Analyst Upgrades and Downgrades

Several research analysts have commented on PH shares. Wall Street Zen raised Parker-Hannifin from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. Mizuho raised their target price on Parker-Hannifin from $800.00 to $825.00 and gave the company an “outperform” rating in a report on Friday, October 17th. KeyCorp raised their target price on Parker-Hannifin from $810.00 to $825.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. Susquehanna assumed coverage on Parker-Hannifin in a report on Friday, August 15th. They set a “positive” rating and a $860.00 target price on the stock. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Parker-Hannifin in a research note on Wednesday, October 8th. Twelve research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $794.35.

Insider Buying and Selling

In related news, VP Matthew A. Jacobson sold 575 shares of the business’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $733.06, for a total value of $421,509.50. Following the completion of the sale, the vice president directly owned 1,000 shares of the company’s stock, valued at $733,060. The trade was a 36.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Robert W. Malone sold 2,257 shares of the business’s stock in a transaction dated 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 directly owned 5,866 shares of the company’s stock, valued at approximately $4,286,051.56. This represents a 27.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 14,039 shares of company stock worth $10,356,566. 0.32% of the stock is currently owned by insiders.

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.