1,202 Shares in Parker-Hannifin Corporation $PH Purchased by Dohj LLC

Key Points

• Dohj LLC acquired 1,202 shares of Parker-Hannifin Corporation worth approximately $840,000 in the second quarter, indicating institutional interest in the company's stock.
• COO Andrew D. Ross and VP Robert W. Malone both sold shares on August 8th, with Ross selling 4,361 shares worth about $3.2 million and Malone selling 2,257 shares for approximately $1.6 million.
• Parker-Hannifin reported $7.69 EPS for the last quarter, exceeding estimates, with revenue growth of 1.1% year-over-year and a new quarterly dividend of $1.80.

Dohj LLC acquired a new position in Parker-Hannifin Corporation (NYSE:PH - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,202 shares of the industrial products company's stock, valued at approximately $840,000.

Other hedge funds have 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 1st quarter valued at about $27,000. Saudi Central Bank purchased a new stake in Parker-Hannifin in the first quarter worth about $31,000. Olde Wealth Management LLC bought a new stake in Parker-Hannifin during the 1st quarter valued at approximately $35,000. Chilton Capital Management LLC grew its holdings in shares of Parker-Hannifin by 1,500.0% during the 1st quarter. Chilton Capital Management LLC now owns 64 shares of the industrial products company's stock worth $39,000 after acquiring an additional 60 shares during the period. Finally, Accent Capital Management LLC bought a new position in shares of Parker-Hannifin in the 1st quarter worth approximately $41,000. 82.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, COO Andrew D. Ross sold 4,361 shares of the stock in a transaction that occurred on 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 transaction, the chief operating officer owned 13,120 shares in the company, valued at $9,612,499.20. This represents a 24.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Robert W. Malone sold 2,257 shares of the business's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $730.66, for a total transaction of $1,649,099.62. Following the sale, the vice president owned 5,866 shares of the company's stock, valued at approximately $4,286,051.56. This represents a 27.79% 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 three months. Corporate insiders own 0.32% of the company's stock.

Parker-Hannifin Trading Down 1.6%

Shares of NYSE PH opened at $751.00 on Wednesday. The firm's 50 day moving average price is $748.30 and its 200-day moving average price is $683.56. Parker-Hannifin Corporation has a 52-week low of $488.45 and a 52-week high of $779.77. 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 company has a market cap of $95.03 billion, a PE ratio of 27.69, a P/E/G ratio of 3.16 and a beta of 1.35.

Parker-Hannifin (NYSE:PH - Get Free Report) last issued its earnings results on Thursday, August 7th. The industrial products company reported $7.69 EPS for the quarter, beating the consensus estimate of $7.08 by $0.61. The business had revenue of $5.24 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business posted $6.77 EPS. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. On average, equities research analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

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. The ex-dividend date was Tuesday, September 2nd. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.0%. Parker-Hannifin's payout ratio is currently 26.55%.

Analyst Upgrades and Downgrades

PH has been the topic of several recent research reports. Wells Fargo & Company upped their price target on Parker-Hannifin from $800.00 to $840.00 and gave the stock an "overweight" rating in a research note on Monday. Barclays upped their target price on shares of Parker-Hannifin from $776.00 to $785.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 1st. Susquehanna began coverage on shares of Parker-Hannifin in a research report on Friday, August 15th. They set a "positive" rating and a $860.00 price target for the company. Raymond James Financial boosted their price objective 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, Evercore ISI reaffirmed an "outperform" rating on shares of Parker-Hannifin in a research note on Tuesday, August 19th. Fourteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $773.67.

About Parker-Hannifin

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.

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