Parker-Hannifin Corporation $PH Shares Sold by Belpointe Asset Management LLC

Belpointe Asset Management LLC lowered its position in Parker-Hannifin Corporation (NYSE:PH) by 0.9% in the second quarter, Holdings Channel.com reports. The firm owned 7,709 shares of the industrial products company’s stock after selling 70 shares during the quarter. Belpointe Asset Management LLC’s holdings in Parker-Hannifin were worth $5,385,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Wealth Preservation Advisors LLC purchased a new stake in shares of Parker-Hannifin in the first quarter valued at approximately $27,000. Saudi Central Bank acquired a new stake in Parker-Hannifin in the first quarter valued at $31,000. Olde Wealth Management LLC purchased a new stake in shares of Parker-Hannifin during the 1st quarter worth $35,000. Chilton Capital Management LLC grew its stake 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 worth $39,000 after purchasing an additional 60 shares during the period. Finally, Accent Capital Management LLC purchased a new position in shares of Parker-Hannifin in the 1st quarter valued at about $41,000. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Insider Transactions at Parker-Hannifin

In other Parker-Hannifin news, VP Angela R. Ives sold 810 shares of Parker-Hannifin 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 completion of the sale, the vice president owned 2,798 shares in the company, valued at $2,035,153.28. The trade was a 22.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Matthew A. Jacobson sold 575 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $733.06, for a total transaction of $421,509.50. Following the transaction, the vice president directly owned 1,000 shares of the company’s stock, valued at approximately $733,060. This represents a 36.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,039 shares of company stock worth $10,356,566 in the last quarter. 0.32% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PH. Raymond James Financial boosted their price objective on shares of Parker-Hannifin from $735.00 to $845.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Susquehanna began coverage on Parker-Hannifin in a research note on Friday, August 15th. They set a “positive” rating and a $860.00 price target on the stock. Barclays raised their price objective on Parker-Hannifin from $776.00 to $785.00 and gave the company an “overweight” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft downgraded Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 target price on the stock. in a research report on Thursday, September 4th. Finally, Stifel Nicolaus raised their price target on Parker-Hannifin from $717.00 to $726.00 and gave the company a “hold” rating in a research report on Friday, August 8th. Fourteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $771.44.

Parker-Hannifin Price Performance

NYSE:PH opened at $763.72 on Monday. Parker-Hannifin Corporation has a 12-month low of $488.45 and a 12-month high of $779.77. The firm has a market cap of $96.64 billion, a price-to-earnings ratio of 28.16, a price-to-earnings-growth ratio of 3.16 and a beta of 1.35. The company’s 50-day moving average is $747.47 and its two-hundred day moving average is $682.10. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55.

Parker-Hannifin (NYSE:PH) last announced its earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.08 by $0.61. The firm had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.10 billion. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. Parker-Hannifin’s revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the business 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 firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were given a dividend of $1.80 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $7.20 annualized dividend and a yield of 0.9%. Parker-Hannifin’s dividend payout ratio 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.