Parsons Capital Management Inc. RI Boosts Holdings in Parker-Hannifin Corporation $PH

Parsons Capital Management Inc. RI increased its holdings in Parker-Hannifin Corporation (NYSE:PHFree Report) by 1.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,363 shares of the industrial products company’s stock after purchasing an additional 124 shares during the period. Parsons Capital Management Inc. RI’s holdings in Parker-Hannifin were worth $5,143,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Nuveen LLC purchased a new stake in shares of Parker-Hannifin during the 1st quarter worth approximately $933,089,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Parker-Hannifin by 52.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,443,104 shares of the industrial products company’s stock worth $1,485,042,000 after acquiring an additional 842,262 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Parker-Hannifin by 11.6% during the 1st quarter. Wellington Management Group LLP now owns 2,009,250 shares of the industrial products company’s stock worth $1,221,323,000 after acquiring an additional 208,573 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Parker-Hannifin by 23.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 996,738 shares of the industrial products company’s stock worth $605,867,000 after acquiring an additional 191,799 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Parker-Hannifin by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 11,023,764 shares of the industrial products company’s stock worth $6,700,795,000 after acquiring an additional 168,990 shares in the last quarter. 82.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Parker-Hannifin

In other news, VP Angela R. Ives sold 810 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $727.36, for a total transaction of $589,161.60. Following the transaction, the vice president owned 2,798 shares of the company’s stock, valued at approximately $2,035,153.28. This represents a 22.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joseph R. Leonti sold 4,625 shares of the stock in a transaction on Monday, August 25th. The stock was 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,039 shares of company stock worth $10,356,566. Insiders own 0.32% of the company’s stock.

Parker-Hannifin Stock Performance

Shares of Parker-Hannifin stock opened at $755.64 on Thursday. The stock’s fifty day moving average is $746.40 and its two-hundred day moving average is $679.39. The company has a market capitalization of $95.62 billion, a PE ratio of 27.86, a price-to-earnings-growth ratio of 3.14 and a beta of 1.35. 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 Corporation has a 52 week low of $488.45 and a 52 week high of $779.77.

Parker-Hannifin (NYSE:PHGet Free Report) last announced its quarterly earnings data 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 company had revenue of $5.24 billion for 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 quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.77 EPS. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, analysts expect that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were given a dividend of $1.80 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.0%. Parker-Hannifin’s dividend payout ratio is presently 26.55%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PH. Evercore ISI reaffirmed an “outperform” rating on shares of Parker-Hannifin in a report on Tuesday, August 19th. Barclays increased their price target on Parker-Hannifin from $776.00 to $785.00 and gave the company an “overweight” rating in a report on Wednesday. Stifel Nicolaus increased their price target on Parker-Hannifin from $717.00 to $726.00 and gave the company a “hold” rating in a report on Friday, August 8th. Deutsche Bank Aktiengesellschaft lowered 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, Wells Fargo & Company increased their price target on Parker-Hannifin from $770.00 to $800.00 and gave the company an “overweight” rating in a report on Friday, August 8th. Thirteen research 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, Parker-Hannifin has an average rating of “Moderate Buy” and an average target price of $771.44.

Check Out Our Latest Stock Analysis on Parker-Hannifin

Parker-Hannifin Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Parker-Hannifin (NYSE:PH)

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