Albert D Mason Inc. Sells 449 Shares of Parker-Hannifin Corporation $PH

Key Points

• Albert D Mason Inc. reduced its stake in Parker-Hannifin Corporation by 12.2%, selling 449 shares and leaving it with 3,229 shares valued at approximately $2.26 million.
• Corporate insiders, including VP Angela R. Ives and COO Andrew D. Ross, sold significant amounts of stock, with total insider sales reaching $10.36 million over the last quarter.
• Parker-Hannifin recently reported earnings of $7.69 EPS for the quarter, exceeding estimates, and set fiscal year 2026 guidance at 28.400-29.400 EPS.

Albert D Mason Inc. cut its position in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 12.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,229 shares of the industrial products company's stock after selling 449 shares during the quarter. Parker-Hannifin makes up approximately 1.6% of Albert D Mason Inc.'s investment portfolio, making the stock its 12th largest holding. Albert D Mason Inc.'s holdings in Parker-Hannifin were worth $2,256,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Wealth Preservation Advisors LLC bought a new position in Parker-Hannifin in the first quarter worth about $27,000. Interchange Capital Partners LLC bought a new position in Parker-Hannifin in the second quarter worth about $31,000. Saudi Central Bank bought a new position in Parker-Hannifin in the first quarter worth about $31,000. Olde Wealth Management LLC acquired a new position in shares of Parker-Hannifin during the first quarter valued at about $35,000. Finally, Chilton Capital Management LLC increased its holdings in shares of Parker-Hannifin by 1,500.0% during the first quarter. Chilton Capital Management LLC now owns 64 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 60 shares in the last quarter. 82.44% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Parker-Hannifin news, VP Angela R. Ives sold 810 shares of the company's 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 sale, the vice president owned 2,798 shares in the company, valued at approximately $2,035,153.28. This represents a 22.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Andrew D. Ross sold 4,361 shares of the company's stock in a transaction that occurred on 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. This represents a 24.95% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,039 shares of company stock worth $10,356,566. Corporate insiders own 0.32% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Stifel Nicolaus upped their price objective on shares of Parker-Hannifin from $717.00 to $726.00 and gave the company a "hold" rating in a report on Friday, August 8th. KeyCorp upped their price objective on shares of Parker-Hannifin from $810.00 to $825.00 and gave the company an "overweight" rating in a report on Tuesday. Wells Fargo & Company upped their price objective on shares of Parker-Hannifin from $800.00 to $840.00 and gave the company an "overweight" rating in a report on Monday, October 6th. Cowen restated a "hold" rating on shares of Parker-Hannifin in a report on Friday, August 29th. Finally, Citigroup upped their price objective on shares of Parker-Hannifin from $831.00 to $874.00 and gave the company a "buy" rating in a report on Thursday, October 9th. Fourteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $789.83.

Parker-Hannifin Price Performance

Shares of NYSE PH opened at $734.26 on Friday. The business's 50 day moving average price is $750.51 and its 200 day moving average price is $689.14. The firm has a market cap of $92.91 billion, a P/E ratio of 27.07, a P/E/G ratio of 3.00 and a beta of 1.35. 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.

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 analysts' consensus estimates of $7.08 by $0.61. The firm had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.10 billion. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.Parker-Hannifin's revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.77 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. On average, sell-side analysts expect that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were given a $1.80 dividend. This represents a $7.20 annualized dividend and a yield of 1.0%. The ex-dividend date was Tuesday, September 2nd. Parker-Hannifin's dividend payout ratio is currently 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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