First National Trust Co Sells 211 Shares of Parker-Hannifin Corporation $PH

First National Trust Co reduced its position in Parker-Hannifin Corporation (NYSE:PH) by 7.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,747 shares of the industrial products company’s stock after selling 211 shares during the quarter. First National Trust Co’s holdings in Parker-Hannifin were worth $1,919,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Parker-Hannifin by 1.6% during the first quarter. Vanguard Group Inc. now owns 11,023,764 shares of the industrial products company’s stock worth $6,700,795,000 after acquiring an additional 168,990 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Parker-Hannifin by 52.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,443,104 shares of the industrial products company’s stock worth $1,485,042,000 after acquiring an additional 842,262 shares in the last quarter. Wellington Management Group LLP boosted its stake in Parker-Hannifin by 11.6% during the first quarter. Wellington Management Group LLP now owns 2,009,250 shares of the industrial products company’s stock worth $1,221,323,000 after acquiring an additional 208,573 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Parker-Hannifin by 0.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,594,347 shares of the industrial products company’s stock worth $969,124,000 after acquiring an additional 11,815 shares in the last quarter. Finally, Nuveen LLC bought a new position in Parker-Hannifin during the first quarter worth $933,089,000. 82.44% of the stock is owned by institutional investors.

Parker-Hannifin Stock Performance

PH opened at $767.40 on Wednesday. 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 company’s fifty day moving average price is $752.86 and its two-hundred day moving average price is $700.78. Parker-Hannifin Corporation has a 1-year low of $488.45 and a 1-year high of $780.00. The company has a market cap of $97.11 billion, a price-to-earnings ratio of 28.30, a PEG ratio of 3.20 and a beta of 1.35.

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. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The firm had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter in the prior year, the company posted $6.77 earnings per share. The business’s revenue was up 1.1% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. On average, analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 7th will be issued a $1.80 dividend. The ex-dividend date is Friday, November 7th. This represents a $7.20 annualized dividend and a dividend yield of 0.9%. Parker-Hannifin’s dividend payout ratio is currently 26.55%.

Insider Buying and Selling

In other news, VP Robert W. Malone sold 2,257 shares of the stock in a transaction dated 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 owned 5,866 shares in the company, valued at $4,286,051.56. This represents a 27.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Andrew D. Ross sold 4,361 shares of the 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. This represents a 24.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 14,039 shares of company stock valued at $10,356,566 over the last 90 days. 0.32% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on PH shares. Citigroup increased their target price on shares of Parker-Hannifin from $831.00 to $874.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Truist Financial increased their target price on shares of Parker-Hannifin from $822.00 to $910.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Cowen reissued a “hold” rating on shares of Parker-Hannifin in a research note on Friday, August 29th. Raymond James Financial increased their target price on shares of Parker-Hannifin from $735.00 to $845.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 target price on the stock. in a research note on Thursday, September 4th. Fourteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $789.67.

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.