Parker-Hannifin Corporation $PH Shares Purchased by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC boosted its position in Parker-Hannifin Corporation (NYSE:PH) by 11.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,025 shares of the industrial products company’s stock after buying an additional 200 shares during the quarter. Sagespring Wealth Partners LLC’s holdings in Parker-Hannifin were worth $1,414,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of PH. Wealth Preservation Advisors LLC acquired a new stake in shares of Parker-Hannifin in the 1st quarter valued at about $27,000. Saudi Central Bank acquired a new stake in shares of Parker-Hannifin in the 1st quarter valued at about $31,000. Olde Wealth Management LLC acquired a new stake in shares of Parker-Hannifin in the 1st quarter valued at about $35,000. Chilton Capital Management LLC raised its stake in shares of 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 purchasing an additional 60 shares in the last quarter. Finally, Accent Capital Management LLC acquired a new stake in shares of Parker-Hannifin in the 1st quarter valued at about $41,000. Institutional investors and hedge funds own 82.44% of the company’s stock.

Insider Buying and Selling

In other news, VP Robert W. Malone sold 2,257 shares of the company’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $730.66, for a total value of $1,649,099.62. Following the completion of the sale, the vice president directly owned 5,866 shares of the company’s stock, valued at approximately $4,286,051.56. This represents a 27.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Matthew A. Jacobson sold 575 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were 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 approximately $733,060. This represents a 36.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,039 shares of company stock worth $10,356,566. Company insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PH shares. Barclays upped their target price on shares of Parker-Hannifin from $776.00 to $785.00 and gave the company an “overweight” rating in a research note on Wednesday, October 1st. Wall Street Zen raised shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. Susquehanna assumed coverage on shares of Parker-Hannifin in a research report on Friday, August 15th. They set a “positive” rating and a $860.00 price objective for the company. Wells Fargo & Company boosted their price objective on shares of Parker-Hannifin from $800.00 to $840.00 and gave the company an “overweight” rating in a research report on Monday, October 6th. Finally, Morgan Stanley boosted their price objective on shares of Parker-Hannifin from $700.00 to $725.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 9th. 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.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $787.61.

Parker-Hannifin Price Performance

NYSE PH opened at $736.75 on Wednesday. Parker-Hannifin Corporation has a 52 week low of $488.45 and a 52 week high of $779.77. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55. The stock has a market cap of $93.23 billion, a price-to-earnings ratio of 27.17, a price-to-earnings-growth ratio of 3.02 and a beta of 1.35. The company has a 50-day moving average price of $749.61 and a two-hundred day moving average price of $687.14.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings results 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 analyst estimates of $5.10 billion. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the prior year, the business posted $6.77 EPS. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Analysts forecast that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were paid a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Tuesday, September 2nd. Parker-Hannifin’s dividend payout ratio is currently 26.55%.

Parker-Hannifin Company 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.