Parker-Hannifin Corporation $PH Shares Bought by KPP Advisory Services LLC

KPP Advisory Services LLC lifted its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 7.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,861 shares of the industrial products company’s stock after purchasing an additional 210 shares during the period. KPP Advisory Services LLC’s holdings in Parker-Hannifin were worth $1,998,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Wealth Preservation Advisors LLC acquired a new stake in shares of Parker-Hannifin during the first quarter valued at about $27,000. Saudi Central Bank bought a new stake in shares of Parker-Hannifin in the first quarter worth $31,000. Olde Wealth Management LLC acquired a new stake in Parker-Hannifin in the first quarter valued at $35,000. Chilton Capital Management LLC boosted its stake in 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 acquiring an additional 60 shares during the last quarter. Finally, Accent Capital Management LLC bought a new stake in shares of Parker-Hannifin in the 1st quarter worth about $41,000. 82.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Parker-Hannifin

In related news, EVP Joseph R. Leonti sold 4,625 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 13,878 shares in the company, valued at approximately $10,420,157.52. This represents a 25.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert W. Malone sold 2,257 shares of the business’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 directly owned 5,866 shares in the company, valued at approximately $4,286,051.56. This trade represents a 27.79% 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 three months. 0.32% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Parker-Hannifin in a research note on Saturday, September 27th. KeyCorp raised their target price on shares of Parker-Hannifin from $790.00 to $810.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. Morgan Stanley increased their price objective on shares of Parker-Hannifin from $700.00 to $725.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 9th. Deutsche Bank Aktiengesellschaft cut Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price target on the stock. in a report on Thursday, September 4th. Finally, Susquehanna initiated coverage on Parker-Hannifin in a report on Friday, August 15th. They issued a “positive” rating and a $860.00 price objective for the company. Fourteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $771.44.

Parker-Hannifin Price Performance

NYSE PH opened at $763.72 on Monday. The stock has a market capitalization of $96.64 billion, a P/E ratio of 28.16, a P/E/G ratio of 3.16 and a beta of 1.35. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19. The business’s fifty day moving average is $747.47 and its two-hundred day moving average is $682.10. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $779.77.

Parker-Hannifin (NYSE:PH) last announced its earnings results on Thursday, August 7th. The industrial products company reported $7.69 EPS for the quarter, beating the consensus estimate of $7.08 by $0.61. The business had revenue of $5.24 billion during 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%.Parker-Hannifin’s revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the business posted $6.77 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. On average, research analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, September 2nd. Parker-Hannifin’s dividend payout ratio (DPR) is 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.