332 Shares in Parker-Hannifin Corporation $PH Acquired by Pure Financial Advisors LLC

Key Points

• Pure Financial Advisors LLC acquired 332 shares of Parker-Hannifin Corporation, valued at approximately $232,000, marking a new position in the company.
• Insiders have recently sold a total of 14,039 shares of Parker-Hannifin stock for approximately $10.36 million, which indicates a significant reduction in their ownership percentages.
• Parker-Hannifin recently announced a quarterly dividend of $1.80 per share, which reflects an annualized yield of 0.9% and a payout ratio of 26.55%.

Pure Financial Advisors LLC purchased a new position in shares of 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 fund purchased 332 shares of the industrial products company's stock, valued at approximately $232,000.

Other large investors also recently modified their holdings of the company. Wealth Preservation Advisors LLC purchased a new position in Parker-Hannifin in the first quarter valued at $27,000. Saudi Central Bank acquired a new position in shares of Parker-Hannifin during the 1st quarter worth about $31,000. Olde Wealth Management LLC purchased a new position in shares of Parker-Hannifin in the 1st quarter valued at about $35,000. Chilton Capital Management LLC raised its position 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 in the last quarter. Finally, Accent Capital Management LLC acquired a new stake in shares of Parker-Hannifin during the 1st quarter worth about $41,000. 82.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Joseph R. Leonti sold 4,625 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $750.84, for a total transaction of $3,472,635.00. Following the completion of the transaction, the executive vice president directly owned 13,878 shares of the company's stock, valued at $10,420,157.52. This trade represents a 25.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Angela R. Ives sold 810 shares of Parker-Hannifin stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $727.36, for a total value of $589,161.60. Following the transaction, the vice president owned 2,798 shares of the company's stock, valued at $2,035,153.28. This represents a 22.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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 company insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on PH. Morgan Stanley raised their price objective on shares of Parker-Hannifin from $700.00 to $725.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 9th. Susquehanna assumed coverage on shares of Parker-Hannifin in a research note on Friday, August 15th. They set a "positive" rating and a $860.00 price target on the stock. Barclays boosted their price target on shares of Parker-Hannifin from $776.00 to $785.00 and gave the company an "overweight" rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft lowered Parker-Hannifin from a "buy" rating to a "hold" rating and set a $809.00 price objective on the stock. in a report on Thursday, September 4th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Parker-Hannifin in a research report on Saturday, September 27th. Fourteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Parker-Hannifin has a consensus rating of "Moderate Buy" and a consensus price target of $771.44.

Parker-Hannifin Stock Performance

PH opened at $763.72 on Friday. Parker-Hannifin Corporation has a 1-year low of $488.45 and a 1-year high of $779.77. The stock has a market cap of $96.64 billion, a P/E ratio of 28.16, a P/E/G ratio of 3.16 and a beta of 1.35. The stock's 50 day simple moving average is $747.47 and its 200 day simple moving average is $681.70. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share for the quarter, beating the consensus estimate of $7.08 by $0.61. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The company had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same quarter in the prior year, the company earned $6.77 earnings per share. Parker-Hannifin's revenue was up 1.1% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, equities analysts anticipate that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were given a dividend of $1.80 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $7.20 dividend on an annualized basis and a yield of 0.9%. Parker-Hannifin's payout ratio is presently 26.55%.

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.

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