Hantz Financial Services Inc. Sells 6,564 Shares of Parker-Hannifin Corporation $PH

Hantz Financial Services Inc. cut its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 16.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,253 shares of the industrial products company’s stock after selling 6,564 shares during the quarter. Hantz Financial Services Inc.’s holdings in Parker-Hannifin were worth $23,226,000 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 position in shares of Parker-Hannifin during the first quarter valued at $27,000. Interchange Capital Partners LLC acquired a new stake in shares of Parker-Hannifin in the second quarter valued at $31,000. Saudi Central Bank acquired a new stake in shares of Parker-Hannifin in the first quarter valued at $31,000. Olde Wealth Management LLC acquired a new stake in shares of Parker-Hannifin in the first quarter valued at $35,000. Finally, Chilton Capital Management LLC increased its stake in shares of 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 valued at $39,000 after buying an additional 60 shares in the last quarter. 82.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PH has been the subject of a number of research reports. Susquehanna initiated coverage on Parker-Hannifin in a research note on Friday, August 15th. They issued a “positive” rating and a $860.00 target price for the company. Raymond James Financial raised their target price on Parker-Hannifin from $735.00 to $845.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Evercore ISI restated an “outperform” rating on shares of Parker-Hannifin in a research note on Tuesday, August 19th. Mizuho raised their target price on Parker-Hannifin from $800.00 to $825.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Finally, Deutsche Bank Aktiengesellschaft lowered Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 target price for the company. in a research note on Thursday, September 4th. Fourteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Parker-Hannifin has an average rating of “Moderate Buy” and an average target price of $789.67.

Insider Activity at Parker-Hannifin

In other news, VP Thomas C. Gentile sold 1,133 shares of the business’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $729.50, for a total transaction of $826,523.50. Following the completion of the transaction, the vice president directly owned 5,465 shares in the company, valued at approximately $3,986,717.50. The trade was a 17.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Angela R. Ives sold 810 shares of the business’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $727.36, for a total value of $589,161.60. Following the transaction, the vice president owned 2,798 shares of the company’s stock, valued at $2,035,153.28. The trade was a 22.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 14,039 shares of company stock worth $10,356,566. 0.32% of the stock is owned by company insiders.

Parker-Hannifin Price Performance

Shares of PH stock opened at $774.85 on Thursday. The stock has a 50-day moving average price of $753.51 and a 200 day moving average price of $702.25. 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 firm has a market cap of $98.05 billion, a price-to-earnings ratio of 28.57, a PEG ratio of 3.17 and a beta of 1.35. Parker-Hannifin Corporation has a 12 month low of $488.45 and a 12 month high of $784.38.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings data 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 firm had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.10 billion. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The company’s revenue was up 1.1% on a year-over-year basis. During the same period last year, the company earned $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 EPS for the current year.

Parker-Hannifin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 7th will be given a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, November 7th. Parker-Hannifin’s payout ratio is presently 26.55%.

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.