Carderock Capital Management Inc. Decreases Stock Holdings in Parker-Hannifin Corporation $PH

Carderock Capital Management Inc. lowered its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 16.2% in the first quarter, HoldingsChannel.com reports. The firm owned 13,883 shares of the industrial products company’s stock after selling 2,682 shares during the quarter. Parker-Hannifin comprises 2.2% of Carderock Capital Management Inc.’s holdings, making the stock its 18th largest position. Carderock Capital Management Inc.’s holdings in Parker-Hannifin were worth $8,439,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Wealth Preservation Advisors LLC purchased a new stake in Parker-Hannifin during the 1st quarter worth about $27,000. Saudi Central Bank acquired a new stake in shares of Parker-Hannifin during the 1st quarter worth about $31,000. Mpwm Advisory Solutions LLC purchased a new stake in Parker-Hannifin during the fourth quarter worth approximately $32,000. Olde Wealth Management LLC acquired a new position in Parker-Hannifin in the first quarter valued at approximately $35,000. Finally, Chilton Capital Management LLC increased its stake 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 purchasing an additional 60 shares during the last quarter. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Parker-Hannifin Stock Performance

Shares of PH stock opened at $765.52 on Thursday. The stock’s 50-day moving average price is $734.38 and its 200 day moving average price is $666.88. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $97.82 billion, a PE ratio of 28.23, a price-to-earnings-growth ratio of 3.13 and a beta of 1.35. Parker-Hannifin Corporation has a 52-week low of $488.45 and a 52-week high of $773.30.

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

Parker-Hannifin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd will be paid a $1.80 dividend. This represents a $7.20 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, September 2nd. Parker-Hannifin’s payout ratio is currently 26.55%.

Insider Activity at Parker-Hannifin

In other news, EVP Joseph R. Leonti sold 4,625 shares of the business’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $750.84, for a total transaction 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Andrew D. Ross sold 4,361 shares of the firm’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $732.66, for a total transaction of $3,195,130.26. Following the completion of the sale, the chief operating officer owned 13,120 shares of the company’s stock, valued at approximately $9,612,499.20. The trade was a 24.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,039 shares of company stock worth $10,356,566 in the last 90 days. Corporate insiders own 0.39% of the company’s stock.

Wall Street Analysts Forecast Growth

PH has been the subject of several recent analyst reports. Citigroup restated a “buy” rating and set a $831.00 price objective (up previously from $709.00) on shares of Parker-Hannifin in a research report on Monday, July 14th. Deutsche Bank Aktiengesellschaft downgraded shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price objective for the company. in a research note on Thursday, September 4th. Barclays lifted their target price on Parker-Hannifin from $750.00 to $776.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Susquehanna assumed coverage on Parker-Hannifin in a research report on Friday, August 15th. They issued a “positive” rating and a $860.00 target price for the company. Finally, Wall Street Zen downgraded Parker-Hannifin from a “buy” rating to a “hold” rating in a research note on Sunday. Thirteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $770.94.

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.