Stephens Inc. AR Purchases 52 Shares of Parker-Hannifin Corporation $PH

Stephens Inc. AR grew its position in Parker-Hannifin Corporation (NYSE:PH) by 1.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,226 shares of the industrial products company’s stock after purchasing an additional 52 shares during the quarter. Stephens Inc. AR’s holdings in Parker-Hannifin were worth $2,254,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of PH. Wealth Preservation Advisors LLC bought a new stake in shares of Parker-Hannifin in the first quarter valued at approximately $27,000. Saudi Central Bank bought a new position in Parker-Hannifin in the first quarter worth $31,000. Interchange Capital Partners LLC bought a new position in Parker-Hannifin in the second quarter worth $31,000. Olde Wealth Management LLC bought a new position in Parker-Hannifin in the first quarter worth $35,000. Finally, Chilton Capital Management LLC lifted its position in Parker-Hannifin by 1,500.0% in the first quarter. Chilton Capital Management LLC now owns 64 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 60 shares during the period. Institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Stock Performance

Parker-Hannifin stock opened at $740.43 on Thursday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71. The stock has a fifty day moving average price of $750.38 and a two-hundred day moving average price of $692.83. Parker-Hannifin Corporation has a 52-week low of $488.45 and a 52-week high of $779.77. The firm has a market capitalization of $93.69 billion, a P/E ratio of 27.30, a P/E/G ratio of 3.13 and a beta of 1.35.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share (EPS) for the quarter, beating 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 business had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same period in the previous year, the business posted $6.77 earnings per share. The firm’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, analysts anticipate that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 7th will be issued a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, November 7th. Parker-Hannifin’s payout ratio is currently 26.55%.

Analyst Upgrades and Downgrades

PH has been the subject of several research reports. Evercore ISI reaffirmed an “outperform” rating on shares of Parker-Hannifin in a research report on Tuesday, August 19th. Wall Street Zen raised Parker-Hannifin from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. Wells Fargo & Company raised their target price on Parker-Hannifin from $800.00 to $840.00 and gave the stock an “overweight” rating in a research report on Monday, October 6th. Cowen reiterated a “hold” rating on shares of Parker-Hannifin in a research note on Friday, August 29th. Finally, Raymond James Financial increased their price objective on Parker-Hannifin from $735.00 to $845.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Fourteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $789.67.

Insiders Place Their Bets

In related news, VP Robert W. Malone sold 2,257 shares of Parker-Hannifin stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $730.66, for a total value of $1,649,099.62. Following the completion of the transaction, the vice president directly owned 5,866 shares of the company’s stock, valued at $4,286,051.56. The trade was a 27.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Angela R. Ives sold 810 shares of Parker-Hannifin stock in a transaction dated 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,039 shares of company stock valued at $10,356,566 over the last three months. Company insiders own 0.32% of the company’s stock.

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.