Caxton Associates LLP Invests $972,000 in Parker-Hannifin Corporation $PH

Caxton Associates LLP acquired a new position in shares of Parker-Hannifin Corporation (NYSE:PH) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,599 shares of the industrial products company’s stock, valued at approximately $972,000.

Other large investors also recently made changes to their positions in the company. Wealth Preservation Advisors LLC bought a new stake in shares of Parker-Hannifin during the first quarter worth $27,000. Saudi Central Bank acquired a new stake in Parker-Hannifin in the 1st quarter valued at $31,000. Mpwm Advisory Solutions LLC acquired a new stake in Parker-Hannifin in the 4th quarter valued at $32,000. Olde Wealth Management LLC acquired a new stake in Parker-Hannifin in the 1st quarter valued at $35,000. Finally, Chilton Capital Management LLC increased its stake in Parker-Hannifin by 1,500.0% in the 1st quarter. Chilton Capital Management LLC now owns 64 shares of the industrial products company’s stock valued at $39,000 after buying an additional 60 shares during the last quarter. Institutional investors own 82.44% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price target on the stock. in a research note on Thursday, September 4th. Raymond James Financial lifted their price target on shares of Parker-Hannifin from $735.00 to $845.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Cowen reiterated a “hold” rating on shares of Parker-Hannifin in a research note on Friday, August 29th. Mizuho set a $785.00 price target on shares of Parker-Hannifin in a research note on Friday, May 16th. Finally, Barclays lifted their price target on shares of Parker-Hannifin from $750.00 to $776.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Thirteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $770.94.

Parker-Hannifin Stock Up 1.4%

Parker-Hannifin stock opened at $765.52 on Thursday. The firm has a market capitalization of $97.82 billion, a PE ratio of 28.23, a P/E/G ratio of 3.13 and a beta of 1.35. The company’s 50-day moving average is $734.38 and its 200-day moving average is $666.88. Parker-Hannifin Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $773.30. 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 released its quarterly earnings data 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 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 for the quarter was up 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned $6.77 EPS. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Sell-side analysts anticipate that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

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

Insider Buying and Selling at Parker-Hannifin

In related news, COO Andrew D. Ross sold 4,361 shares of Parker-Hannifin 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Matthew A. Jacobson sold 575 shares of Parker-Hannifin stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $733.06, for a total transaction of $421,509.50. Following the sale, the vice president directly owned 1,000 shares of the company’s stock, valued at $733,060. The trade was a 36.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,039 shares of company stock worth $10,356,566 in the last ninety days. Insiders own 0.39% of the company’s stock.

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.