Fulton Breakefield Broenniman LLC Sells 198 Shares of Parker-Hannifin Corporation $PH

Fulton Breakefield Broenniman LLC decreased its position in Parker-Hannifin Corporation (NYSE:PH) by 33.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 402 shares of the industrial products company’s stock after selling 198 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in Parker-Hannifin were worth $281,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Cascade Financial Partners LLC grew its position in shares of Parker-Hannifin by 3.1% in the first quarter. Cascade Financial Partners LLC now owns 498 shares of the industrial products company’s stock valued at $303,000 after purchasing an additional 15 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its position in shares of Parker-Hannifin by 0.8% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,814 shares of the industrial products company’s stock valued at $1,103,000 after purchasing an additional 15 shares in the last quarter. Empowered Funds LLC grew its position in shares of Parker-Hannifin by 0.5% in the first quarter. Empowered Funds LLC now owns 2,894 shares of the industrial products company’s stock valued at $1,759,000 after purchasing an additional 15 shares in the last quarter. Sivia Capital Partners LLC grew its position in shares of Parker-Hannifin by 3.6% in the second quarter. Sivia Capital Partners LLC now owns 430 shares of the industrial products company’s stock valued at $300,000 after purchasing an additional 15 shares in the last quarter. Finally, Bingham Private Wealth LLC grew its position in shares of Parker-Hannifin by 3.3% in the second quarter. Bingham Private Wealth LLC now owns 472 shares of the industrial products company’s stock valued at $330,000 after purchasing an additional 15 shares in the last quarter. Institutional investors own 82.44% of the company’s stock.

Insiders Place Their Bets

In other news, COO Andrew D. Ross sold 4,361 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $732.66, for a total transaction of $3,195,130.26. Following the transaction, the chief operating officer directly owned 13,120 shares of the company’s stock, valued at $9,612,499.20. This represents a 24.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Joseph R. Leonti sold 4,625 shares of the stock in a transaction on 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 transaction, the executive vice president directly owned 13,878 shares in the company, valued at $10,420,157.52. The trade was 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 in the last three months. Corporate insiders own 0.32% of the company’s stock.

Parker-Hannifin Stock Up 0.4%

Shares of NYSE:PH opened at $753.71 on Thursday. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $779.77. The company has a market cap of $95.37 billion, a PE 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 current ratio of 1.19 and a quick ratio of 0.71. The stock’s 50-day moving average is $748.74 and its 200 day moving average is $684.04.

Parker-Hannifin (NYSE:PH) last posted its earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share 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 for the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter in the prior year, the business earned $6.77 EPS. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Sell-side analysts anticipate that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PH. Wells Fargo & Company lifted their price objective on Parker-Hannifin from $800.00 to $840.00 and gave the company an “overweight” rating in a research note on Monday. KeyCorp lifted their price objective on Parker-Hannifin from $790.00 to $810.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Morgan Stanley lifted their price objective on Parker-Hannifin from $700.00 to $725.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a research note on Wednesday. Finally, Stifel Nicolaus lifted their price objective on Parker-Hannifin from $717.00 to $726.00 and gave the company a “hold” rating in a research note on Friday, August 8th. Fourteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $784.39.

About Parker-Hannifin

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.