Running Oak Capital LLC Grows Stake in Parker-Hannifin Corporation $PH

Running Oak Capital LLC grew its holdings in Parker-Hannifin Corporation (NYSE:PH) by 0.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,456 shares of the industrial products company’s stock after purchasing an additional 193 shares during the period. Parker-Hannifin comprises about 2.0% of Running Oak Capital LLC’s investment portfolio, making the stock its 5th biggest holding. Running Oak Capital LLC’s holdings in Parker-Hannifin were worth $17,780,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Wealth Preservation Advisors LLC bought a new position in Parker-Hannifin during the 1st quarter valued at about $27,000. Saudi Central Bank bought a new position in Parker-Hannifin during the first quarter valued at approximately $31,000. Olde Wealth Management LLC purchased a new position in shares of Parker-Hannifin in the 1st quarter worth $35,000. Chilton Capital Management LLC lifted its holdings in 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 acquiring an additional 60 shares during the period. Finally, Accent Capital Management LLC purchased a new position in Parker-Hannifin in the first quarter worth about $41,000. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Insiders Place Their Bets

In other Parker-Hannifin news, VP Angela R. Ives sold 810 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $727.36, for a total transaction of $589,161.60. Following the completion of the sale, the vice president directly owned 2,798 shares of the company’s stock, valued at $2,035,153.28. This trade represents a 22.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Joseph R. Leonti sold 4,625 shares of the business’s stock in a transaction on Monday, August 25th. The stock was 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 directly owned 13,878 shares in the company, valued at $10,420,157.52. This trade represents a 25.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,039 shares of company stock worth $10,356,566 over the last ninety days. 0.32% of the stock is owned by company insiders.

Parker-Hannifin Stock Performance

Shares of NYSE PH opened at $763.72 on Monday. The stock has a market cap of $96.64 billion, a PE ratio of 28.16, a price-to-earnings-growth ratio of 3.16 and a beta of 1.35. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $779.77. The firm has a fifty day moving average price of $747.47 and a 200-day moving average price of $682.10. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71.

Parker-Hannifin (NYSE:PH) last issued its earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share for the quarter, topping the consensus estimate of $7.08 by $0.61. The company had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.10 billion. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. Parker-Hannifin’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.77 EPS. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Equities analysts anticipate that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were issued a $1.80 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.20 dividend on an annualized basis and a yield of 0.9%. Parker-Hannifin’s payout ratio is currently 26.55%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PH. Cowen reaffirmed a “hold” rating on shares of Parker-Hannifin in a research report on Friday, August 29th. Evercore ISI restated an “outperform” rating on shares of Parker-Hannifin in a research report on Tuesday, August 19th. Deutsche Bank Aktiengesellschaft cut shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 target price for the company. in a report on Thursday, September 4th. Wall Street Zen upgraded shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a research note on Saturday, September 20th. Finally, Stifel Nicolaus boosted their price objective on shares of 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 assigned a Hold rating to the company. Based on data from MarketBeat, Parker-Hannifin currently has a consensus rating of “Moderate Buy” and an average price target of $771.44.

Parker-Hannifin Profile

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.