Securian Asset Management Inc. Sells 236 Shares of Parker-Hannifin Corporation $PH

Securian Asset Management Inc. trimmed its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 3.4% during the second quarter, HoldingsChannel.com reports. The firm owned 6,699 shares of the industrial products company’s stock after selling 236 shares during the quarter. Securian Asset Management Inc.’s holdings in Parker-Hannifin were worth $4,679,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealth Preservation Advisors LLC bought a new stake in shares of Parker-Hannifin during the 1st quarter valued at $27,000. Interchange Capital Partners LLC bought a new stake in shares of Parker-Hannifin during the 2nd quarter valued at $31,000. Saudi Central Bank bought a new stake in shares of Parker-Hannifin during the 1st quarter valued at $31,000. Olde Wealth Management LLC bought a new stake in shares of Parker-Hannifin during the 1st quarter valued at $35,000. Finally, Chilton Capital Management LLC raised its stake 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 purchasing an additional 60 shares during the period. 82.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Morgan Stanley upped their target price on Parker-Hannifin from $700.00 to $725.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 9th. KeyCorp upped their target price on Parker-Hannifin from $810.00 to $825.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Truist Financial upped their target price on Parker-Hannifin from $822.00 to $910.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Citigroup upped their target price on Parker-Hannifin from $831.00 to $874.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Parker-Hannifin in a research note on Wednesday, October 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, the company presently has an average rating of “Moderate Buy” and a consensus price target of $789.67.

Insider Activity at Parker-Hannifin

In related news, VP Matthew A. Jacobson sold 575 shares of the stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $733.06, for a total transaction of $421,509.50. Following the completion of the sale, the vice president directly owned 1,000 shares in the company, valued at $733,060. This represents a 36.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Joseph R. Leonti sold 4,625 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $750.84, for a total value 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. This represents a 25.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,039 shares of company stock worth $10,356,566 over the last three months. Corporate insiders own 0.32% of the company’s stock.

Parker-Hannifin Price Performance

PH opened at $757.83 on Wednesday. The stock has a 50-day moving average price of $750.81 and a 200-day moving average price of $692.50. 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 has a market capitalization of $95.90 billion, a P/E ratio of 27.94, a PEG ratio of 3.06 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 analysts’ consensus estimates 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 period in the prior year, the business earned $6.77 EPS. The company’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. Equities analysts predict 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 was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were issued a dividend of $1.80 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $7.20 annualized dividend and a yield of 1.0%. Parker-Hannifin’s dividend payout ratio is currently 26.55%.

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.