Syverson Strege & Co Purchases New Stake in Parker-Hannifin Corporation $PH

Syverson Strege & Co purchased a new stake in shares of Parker-Hannifin Corporation (NYSE:PH) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 337 shares of the industrial products company’s stock, valued at approximately $235,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wealth Preservation Advisors LLC acquired a new stake in shares of Parker-Hannifin during the 1st quarter valued at approximately $27,000. Saudi Central Bank acquired a new stake in shares of Parker-Hannifin during the 1st quarter valued at approximately $31,000. Interchange Capital Partners LLC acquired a new stake in shares of Parker-Hannifin during the 2nd quarter valued at approximately $31,000. Olde Wealth Management LLC acquired a new stake in shares of Parker-Hannifin during the 1st quarter valued at approximately $35,000. Finally, Chilton Capital Management LLC raised its position 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 valued at $39,000 after acquiring an additional 60 shares in the last quarter. 82.44% of the stock is owned by institutional investors and hedge funds.

Parker-Hannifin Trading Down 0.2%

Shares of PH stock opened at $772.88 on Friday. The stock has a 50-day simple moving average of $754.74 and a 200 day simple moving average of $705.10. Parker-Hannifin Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $792.53. The stock has a market capitalization of $97.80 billion, a P/E ratio of 28.50, a P/E/G ratio of 3.21 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 (NYSE:PH) last announced its earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share for the quarter, beating the consensus estimate of $7.08 by $0.61. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The business had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter last year, the business posted $6.77 earnings per share. The company’s quarterly revenue was up 1.1% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. On average, sell-side analysts expect 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 will be paid on Friday, December 5th. Investors of record on Friday, November 7th will be paid a dividend of $1.80 per share. 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 26.55%.

Insider Buying and Selling at Parker-Hannifin

In related news, VP Robert W. Malone sold 2,257 shares of the firm’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $730.66, for a total transaction of $1,649,099.62. Following the completion of the transaction, the vice president owned 5,866 shares of the company’s stock, valued at $4,286,051.56. This trade represents a 27.79% decrease in their ownership of the stock. 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 firm’s stock in a transaction dated 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 transaction, the executive vice president directly owned 13,878 shares of the company’s stock, valued at $10,420,157.52. This represents a 25.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 14,039 shares of company stock valued at $10,356,566. Corporate insiders own 0.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on PH shares. Barclays increased their target price on Parker-Hannifin from $776.00 to $785.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 1st. Citigroup increased their target price on Parker-Hannifin from $831.00 to $874.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Susquehanna started coverage on Parker-Hannifin in a research report on Friday, August 15th. They issued a “positive” rating and a $860.00 target price on the stock. Stifel Nicolaus dropped their target price on Parker-Hannifin from $726.00 to $723.00 and set a “hold” rating on the stock in a research report on Monday, October 20th. Finally, Wall Street Zen raised Parker-Hannifin from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. Thirteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $794.35.

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.