Schrum Private Wealth Management LLC Takes $213,000 Position in Parker-Hannifin Corporation $PH

Schrum Private Wealth Management LLC purchased a new stake in shares of Parker-Hannifin Corporation (NYSE:PH) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 305 shares of the industrial products company’s stock, valued at approximately $213,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Wealth Preservation Advisors LLC purchased a new position in shares of Parker-Hannifin during the 1st quarter valued at $27,000. Saudi Central Bank purchased a new position in shares of Parker-Hannifin during the 1st quarter valued at $31,000. Olde Wealth Management LLC purchased a new position in shares of Parker-Hannifin during the 1st quarter valued at $35,000. Chilton Capital Management LLC grew its holdings in shares of 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 valued at $39,000 after acquiring an additional 60 shares in the last quarter. Finally, Accent Capital Management LLC acquired a new stake in shares of Parker-Hannifin in the 1st quarter valued at $41,000. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PH has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft lowered shares of 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. Truist Financial lifted their price objective on shares of Parker-Hannifin from $822.00 to $910.00 and gave the company a “buy” rating in a research note on Wednesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Parker-Hannifin in a research note on Wednesday. Raymond James Financial lifted their price objective on shares of Parker-Hannifin from $735.00 to $845.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Finally, KeyCorp lifted their price objective on shares of 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 issued a Hold rating to the company. According to MarketBeat.com, Parker-Hannifin has a consensus rating of “Moderate Buy” and a consensus price target of $784.39.

Insider Buying and Selling at Parker-Hannifin

In other news, VP Robert W. Malone sold 2,257 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $730.66, for a total transaction of $1,649,099.62. Following the completion of the transaction, the vice president 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Angela R. Ives sold 810 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $727.36, for a total transaction of $589,161.60. Following the transaction, the vice president directly owned 2,798 shares of the company’s stock, valued at $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 three months. Company insiders own 0.32% of the company’s stock.

Parker-Hannifin Stock Up 0.4%

Shares of PH opened at $753.71 on Thursday. The company has a 50-day simple moving average of $748.74 and a 200-day simple moving average of $684.04. The firm has a market capitalization of $95.37 billion, a P/E ratio of 27.79, a P/E/G ratio of 3.11 and a beta of 1.35. 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 52 week low of $488.45 and a 52 week high of $779.77.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 EPS for the quarter, beating analysts’ consensus estimates of $7.08 by $0.61. The business had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.10 billion. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.77 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. On average, equities research analysts expect that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

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

Parker-Hannifin Company 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.