Valeo Financial Advisors LLC Reduces Holdings in Parker-Hannifin Corporation $PH

Valeo Financial Advisors LLC lessened its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 1.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,783 shares of the industrial products company’s stock after selling 35 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Parker-Hannifin were worth $1,245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Wealth Preservation Advisors LLC purchased a new position in Parker-Hannifin during the first quarter valued at $27,000. Saudi Central Bank purchased a new position in shares of Parker-Hannifin during the 1st quarter valued at about $31,000. Olde Wealth Management LLC purchased a new position in shares of Parker-Hannifin during the 1st quarter valued at about $35,000. Chilton Capital Management LLC lifted its position 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 buying an additional 60 shares in the last quarter. Finally, Accent Capital Management LLC purchased a new position in shares of Parker-Hannifin during the 1st quarter valued at about $41,000. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Insider Activity at Parker-Hannifin

In related news, VP Robert W. Malone sold 2,257 shares of the company’s stock in a transaction on 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 sale, the vice president owned 5,866 shares of the company’s stock, valued at $4,286,051.56. This represents a 27.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Andrew D. Ross sold 4,361 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $732.66, for a total transaction of $3,195,130.26. Following the sale, the chief operating officer owned 13,120 shares in the company, valued at $9,612,499.20. This represents a 24.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,039 shares of company stock valued at $10,356,566 over the last quarter. 0.32% of the stock is currently owned by insiders.

Parker-Hannifin Stock Down 1.6%

Shares of PH stock opened at $751.00 on Wednesday. The stock has a market cap of $95.03 billion, a P/E ratio of 27.69, a PEG ratio of 3.16 and a beta of 1.35. Parker-Hannifin Corporation has a 52 week low of $488.45 and a 52 week high of $779.77. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 0.55. The company’s fifty day simple moving average is $748.30 and its two-hundred day simple moving average is $683.56.

Parker-Hannifin (NYSE:PH) last posted its earnings results on Thursday, August 7th. The industrial products company reported $7.69 EPS for the quarter, topping analysts’ consensus estimates of $7.08 by $0.61. The company had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.10 billion. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the business earned $6.77 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Analysts predict that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were issued 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 of this dividend was Tuesday, September 2nd. Parker-Hannifin’s dividend payout ratio is 26.55%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Cowen reaffirmed a “hold” rating on shares of Parker-Hannifin in a report on Friday, August 29th. Evercore ISI restated an “outperform” rating on shares of Parker-Hannifin in a research note on Tuesday, August 19th. Morgan Stanley boosted their price objective on Parker-Hannifin from $700.00 to $725.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 9th. Weiss Ratings restated a “buy (b)” rating on shares of Parker-Hannifin in a research report on Saturday, September 27th. Finally, Barclays boosted their price objective on Parker-Hannifin from $776.00 to $785.00 and gave the company an “overweight” rating in a research report on Wednesday, October 1st. Fourteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $773.67.

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.