Laffer Tengler Investments Inc. Makes New Investment in Parker-Hannifin Corporation $PH

Laffer Tengler Investments Inc. purchased a new position in shares of Parker-Hannifin Corporation (NYSE:PH) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,000 shares of the industrial products company’s stock, valued at approximately $1,397,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Wealth Preservation Advisors LLC purchased a new position in Parker-Hannifin during the 1st quarter valued at about $27,000. Interchange Capital Partners LLC acquired a new stake in shares of Parker-Hannifin during the second quarter worth about $31,000. Saudi Central Bank purchased a new position in shares of Parker-Hannifin in the first quarter valued at approximately $31,000. Princeton Global Asset Management LLC grew its holdings in shares of Parker-Hannifin by 56.1% in the second quarter. Princeton Global Asset Management LLC now owns 64 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 23 shares in the last quarter. Finally, Accent Capital Management LLC purchased a new stake in Parker-Hannifin during the 1st quarter worth approximately $41,000. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on PH shares. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a research report on Wednesday, October 8th. Citigroup increased their price objective on Parker-Hannifin from $831.00 to $874.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. KeyCorp lifted their target price on Parker-Hannifin from $825.00 to $935.00 and gave the company an “overweight” rating in a report on Friday. Wall Street Zen upgraded Parker-Hannifin from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. Finally, Mizuho increased their price target on Parker-Hannifin from $800.00 to $825.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Twelve equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $822.76.

Parker-Hannifin Price Performance

Shares of NYSE:PH opened at $843.89 on Monday. The company has a market cap of $106.79 billion, a PE ratio of 31.12, a P/E/G ratio of 3.21 and a beta of 1.37. Parker-Hannifin Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $851.86. The firm has a 50-day simple moving average of $758.48 and a 200 day simple moving average of $714.41. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 0.55.

Parker-Hannifin (NYSE:PH) last issued its earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.62 by $0.60. The firm had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $4.94 billion. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. Parker-Hannifin’s revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the company posted $6.20 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 29.600-30.400 EPS. FY 2026 guidance at 29.600-30.400 EPS. On average, 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 announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 7th will be given a $1.80 dividend. The ex-dividend date of this dividend is Friday, November 7th. This represents a $7.20 annualized dividend and a yield of 0.9%. Parker-Hannifin’s dividend payout ratio (DPR) is currently 25.65%.

Insider Transactions at Parker-Hannifin

In other news, EVP Joseph R. Leonti sold 4,625 shares of the business’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $750.84, for a total transaction of $3,472,635.00. Following the completion of the transaction, the executive vice president owned 13,878 shares of the company’s stock, valued at approximately $10,420,157.52. The trade was a 25.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.32% of the company’s stock.

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.