Solstein Capital LLC Has $65,000 Stock Position in Parker-Hannifin Corporation $PH

Solstein Capital LLC raised its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 190.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93 shares of the industrial products company’s stock after purchasing an additional 61 shares during the period. Solstein Capital LLC’s holdings in Parker-Hannifin were worth $65,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Alley Investment Management Company LLC acquired a new position in Parker-Hannifin during the first quarter valued at approximately $7,996,000. Inspire Investing LLC grew its stake in shares of Parker-Hannifin by 5.1% during the first quarter. Inspire Investing LLC now owns 12,386 shares of the industrial products company’s stock worth $7,529,000 after buying an additional 596 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Parker-Hannifin by 20.9% during the first quarter. Geneos Wealth Management Inc. now owns 2,194 shares of the industrial products company’s stock worth $1,334,000 after buying an additional 379 shares in the last quarter. Banco Santander S.A. increased its holdings in shares of Parker-Hannifin by 70.2% during the first quarter. Banco Santander S.A. now owns 35,645 shares of the industrial products company’s stock worth $21,667,000 after buying an additional 14,705 shares in the last quarter. Finally, Citizens Financial Group Inc. RI increased its holdings in shares of Parker-Hannifin by 10.6% during the first quarter. Citizens Financial Group Inc. RI now owns 32,935 shares of the industrial products company’s stock worth $20,020,000 after buying an additional 3,147 shares in the last quarter. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PH. Cowen reiterated a “hold” rating on shares of Parker-Hannifin in a report on Friday, August 29th. Stifel Nicolaus lowered their price target on shares of Parker-Hannifin from $726.00 to $723.00 and set a “hold” rating for the company in a report on Monday, October 20th. Truist Financial upped their price target on shares of Parker-Hannifin from $822.00 to $910.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft downgraded Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price objective for the company. in a report on Thursday, September 4th. Finally, Raymond James Financial increased their price objective on Parker-Hannifin from $735.00 to $845.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Fourteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $789.67.

Parker-Hannifin Stock Performance

Shares of PH opened at $772.86 on Monday. 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 capitalization of $97.80 billion, a P/E ratio of 28.50, a price-to-earnings-growth ratio of 3.19 and a beta of 1.35. The firm’s fifty day simple moving average is $751.64 and its two-hundred day simple moving average is $698.08. Parker-Hannifin Corporation has a 12 month low of $488.45 and a 12 month high of $779.77.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings results on Thursday, August 7th. The industrial products company reported $7.69 EPS 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 analysts’ expectations of $5.10 billion. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.77 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, analysts predict that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 7th will be given a dividend of $1.80 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $7.20 dividend on an annualized basis and a yield of 0.9%. Parker-Hannifin’s dividend payout ratio is 26.55%.

Insider Buying and Selling at Parker-Hannifin

In other Parker-Hannifin news, VP Angela R. Ives sold 810 shares of the company’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $727.36, for a total transaction of $589,161.60. Following the sale, the vice president owned 2,798 shares of the company’s stock, valued at approximately $2,035,153.28. This represents a 22.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Matthew A. Jacobson sold 575 shares of the company’s stock in a transaction 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 in the company, valued at $733,060. This trade represents a 36.51% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,039 shares of company stock valued at $10,356,566. 0.32% of the stock is owned by corporate insiders.

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.