Strong Tower Advisory Services Acquires 67 Shares of Parker-Hannifin Corporation $PH

Strong Tower Advisory Services raised its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 1.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,883 shares of the industrial products company’s stock after purchasing an additional 67 shares during the period. Strong Tower Advisory Services’ holdings in Parker-Hannifin were worth $4,109,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PH. Brighton Jones LLC increased its stake in shares of Parker-Hannifin by 5.9% during the fourth quarter. Brighton Jones LLC now owns 1,808 shares of the industrial products company’s stock valued at $1,150,000 after purchasing an additional 101 shares in the last quarter. Bison Wealth LLC increased its position in shares of Parker-Hannifin by 4.5% during the fourth quarter. Bison Wealth LLC now owns 749 shares of the industrial products company’s stock valued at $476,000 after acquiring an additional 32 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Parker-Hannifin by 23.9% during the first quarter. Farther Finance Advisors LLC now owns 1,563 shares of the industrial products company’s stock valued at $953,000 after acquiring an additional 302 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Parker-Hannifin by 8.9% during the first quarter. GAMMA Investing LLC now owns 2,855 shares of the industrial products company’s stock valued at $1,735,000 after acquiring an additional 234 shares in the last quarter. Finally, Handelsbanken Fonder AB bought a new stake in shares of Parker-Hannifin during the first quarter valued at approximately $2,903,000. Institutional investors own 82.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Susquehanna assumed coverage on shares of Parker-Hannifin in a research report on Friday, August 15th. They set a “positive” rating and a $860.00 price target for the company. Cowen reissued a “hold” rating on shares of Parker-Hannifin in a research report on Friday, August 29th. Truist Financial raised their price target on shares of Parker-Hannifin from $822.00 to $910.00 and gave the company a “buy” rating in a research report on Wednesday. Wells Fargo & Company raised their price target on shares of Parker-Hannifin from $800.00 to $840.00 and gave the company an “overweight” rating in a research report on Monday, October 6th. Finally, Evercore ISI restated an “outperform” rating on shares of Parker-Hannifin in a report on Tuesday, August 19th. Fourteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $786.78.

Insider Buying and Selling at Parker-Hannifin

In other news, VP Thomas C. Gentile sold 1,133 shares of Parker-Hannifin stock in a transaction on Friday, August 8th. The shares were sold at an average price of $729.50, for a total transaction of $826,523.50. Following the transaction, the vice president owned 5,465 shares in the company, valued at $3,986,717.50. This trade represents a 17.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Robert W. Malone sold 2,257 shares of Parker-Hannifin stock in a transaction on Friday, August 8th. The stock was sold at an average price of $730.66, for a total transaction of $1,649,099.62. Following the transaction, the vice president owned 5,866 shares in the company, valued at $4,286,051.56. This represents a 27.79% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,039 shares of company stock worth $10,356,566. Insiders own 0.32% of the company’s stock.

Parker-Hannifin Trading Down 3.0%

Shares of PH stock opened at $716.31 on Friday. 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 firm’s 50 day moving average is $748.97 and its 200 day moving average is $685.15. The stock has a market capitalization of $90.64 billion, a P/E ratio of 26.41, a P/E/G ratio of 3.06 and a beta of 1.35.

Parker-Hannifin (NYSE:PH) last issued its earnings results 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. The company had revenue of $5.24 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the company posted $6.77 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Research analysts expect that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Tuesday, September 2nd. Parker-Hannifin’s dividend payout ratio (DPR) 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.