1,765 Shares in Parker-Hannifin Corporation $PH Bought by Life Planning Partners Inc

Key Points

• Life Planning Partners Inc acquired 1,765 shares of Parker-Hannifin Corporation for approximately $1,233,000, making it 1.0% of their portfolio and the 27th largest position.
• Parker-Hannifin's recent earnings report showed an EPS of $7.69, exceeding expectations, with revenues of $5.24 billion, marking a 1.1% increase year-over-year.
• The company declared a $1.80 quarterly dividend, which implies a 0.9% yield, and insiders sold 14,039 shares worth over $10 million in the last quarter.

Life Planning Partners Inc bought a new position in Parker-Hannifin Corporation (NYSE:PH - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,765 shares of the industrial products company's stock, valued at approximately $1,233,000. Parker-Hannifin comprises 1.0% of Life Planning Partners Inc's portfolio, making the stock its 27th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. raised its stake in Parker-Hannifin by 118.9% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 44,987 shares of the industrial products company's stock worth $31,422,000 after acquiring an additional 24,432 shares during the last quarter. Ascent Group LLC raised its stake in Parker-Hannifin by 0.7% in the 2nd quarter. Ascent Group LLC now owns 4,507 shares of the industrial products company's stock worth $3,148,000 after acquiring an additional 30 shares during the last quarter. Two Point Capital Management Inc. purchased a new position in Parker-Hannifin in the 2nd quarter worth $10,412,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in Parker-Hannifin by 1.1% in the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,347 shares of the industrial products company's stock worth $3,036,000 after acquiring an additional 47 shares during the last quarter. Finally, Mattern Capital Management LLC raised its stake in Parker-Hannifin by 3.9% in the 2nd quarter. Mattern Capital Management LLC now owns 11,532 shares of the industrial products company's stock worth $8,055,000 after acquiring an additional 433 shares during the last quarter. Hedge funds and other institutional investors own 82.44% of the company's stock.

Parker-Hannifin Price Performance

NYSE:PH opened at $763.72 on Friday. Parker-Hannifin Corporation has a 52 week low of $488.45 and a 52 week high of $779.77. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $96.64 billion, a PE ratio of 28.16, a price-to-earnings-growth ratio of 3.14 and a beta of 1.35. The stock's 50-day moving average price is $747.47 and its 200-day moving average price is $681.34.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its 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. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The firm had revenue of $5.24 billion for the quarter, compared to analysts' expectations of $5.10 billion. During the same period last year, the firm earned $6.77 EPS. The company's quarterly 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. As a group, equities analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were issued a $1.80 dividend. This represents a $7.20 annualized dividend and a yield of 0.9%. The ex-dividend date was Tuesday, September 2nd. Parker-Hannifin's payout ratio is presently 26.55%.

Insider Buying and Selling

In related news, EVP Joseph R. Leonti sold 4,625 shares of Parker-Hannifin stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $750.84, for a total value of $3,472,635.00. Following the sale, the executive vice president directly owned 13,878 shares in the company, valued at approximately $10,420,157.52. The trade was a 25.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Andrew D. Ross sold 4,361 shares of Parker-Hannifin stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $732.66, for a total value of $3,195,130.26. Following the completion of the sale, the chief operating officer owned 13,120 shares in the company, valued at approximately $9,612,499.20. The trade was a 24.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,039 shares of company stock worth $10,356,566 in the last quarter. 0.32% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on PH shares. Susquehanna started coverage on Parker-Hannifin in a research note on Friday, August 15th. They set a "positive" rating and a $860.00 price objective for the company. Stifel Nicolaus lifted their price objective on Parker-Hannifin from $717.00 to $726.00 and gave the company a "hold" rating in a research note on Friday, August 8th. Deutsche Bank Aktiengesellschaft lowered Parker-Hannifin from a "buy" rating to a "hold" rating and set a $809.00 price objective for the company. in a research note on Thursday, September 4th. Barclays lifted their price objective on Parker-Hannifin from $776.00 to $785.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, Morgan Stanley lifted their price objective on Parker-Hannifin from $700.00 to $725.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 9th. Fourteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $771.44.

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.

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