Parker-Hannifin Corporation $PH Stock Holdings Lessened by Applied Capital LLC FL

Applied Capital LLC FL trimmed its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 0.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,210 shares of the industrial products company’s stock after selling 45 shares during the period. Parker-Hannifin makes up approximately 3.1% of Applied Capital LLC FL’s holdings, making the stock its 5th biggest holding. Applied Capital LLC FL’s holdings in Parker-Hannifin were worth $4,337,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Brighton Jones LLC increased its position in shares of Parker-Hannifin by 5.9% during the 4th quarter. Brighton Jones LLC now owns 1,808 shares of the industrial products company’s stock valued at $1,150,000 after purchasing an additional 101 shares during the last quarter. Bison Wealth LLC increased its position in shares of Parker-Hannifin by 4.5% during the 4th quarter. Bison Wealth LLC now owns 749 shares of the industrial products company’s stock valued at $476,000 after purchasing an additional 32 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Parker-Hannifin by 23.9% during the 1st quarter. Farther Finance Advisors LLC now owns 1,563 shares of the industrial products company’s stock valued at $953,000 after purchasing an additional 302 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Parker-Hannifin by 8.9% during the 1st quarter. GAMMA Investing LLC now owns 2,855 shares of the industrial products company’s stock valued at $1,735,000 after purchasing an additional 234 shares during the last quarter. Finally, Handelsbanken Fonder AB bought a new position in shares of Parker-Hannifin during the 1st quarter valued at approximately $2,903,000. 82.44% of the stock is owned by hedge funds and other institutional investors.

Parker-Hannifin Stock Down 3.0%

Shares of PH stock opened at $716.31 on Friday. The stock’s 50-day simple moving average is $748.97 and its 200-day simple moving average is $685.15. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19. The firm has a market capitalization of $90.64 billion, a PE ratio of 26.41, a P/E/G ratio of 3.06 and a beta of 1.35. Parker-Hannifin Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $779.77.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 earnings per share for the quarter, beating analysts’ consensus estimates of $7.08 by $0.61. The business had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.10 billion. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The company’s revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the company earned $6.77 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Equities analysts expect 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 was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were issued a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Tuesday, September 2nd. Parker-Hannifin’s dividend payout ratio (DPR) is 26.55%.

Insider Activity

In related news, VP Matthew A. Jacobson sold 575 shares of the firm’s 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. This trade represents a 36.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Angela R. Ives sold 810 shares of the firm’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $727.36, for a total value of $589,161.60. Following the sale, the vice president directly owned 2,798 shares in the company, valued at approximately $2,035,153.28. This trade represents a 22.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,039 shares of company stock valued at $10,356,566 over the last 90 days. Company insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Evercore ISI reissued an “outperform” rating on shares of Parker-Hannifin in a research report on Tuesday, August 19th. Wells Fargo & Company boosted their target price on Parker-Hannifin from $800.00 to $840.00 and gave the company an “overweight” rating in a research report on Monday, October 6th. Barclays increased their target price on Parker-Hannifin from $776.00 to $785.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 1st. KeyCorp increased their target price on Parker-Hannifin from $790.00 to $810.00 and gave the stock an “overweight” rating in a research note on Friday, August 8th. Finally, Morgan Stanley increased their price target on Parker-Hannifin from $700.00 to $725.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 9th. Fourteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $786.78.

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.