Arista Wealth Management LLC Makes New $269,000 Investment in Parker-Hannifin Corporation $PH

Key Points

• Arista Wealth Management LLC has made a new investment in Parker-Hannifin Corporation, purchasing 385 shares valued at approximately $269,000 in the second quarter.
• Parker-Hannifin's quarterly earnings report showed an EPS of $7.69, surpassing estimates, and the company has set its FY 2026 EPS guidance at 28.400-29.400.
• The company also recently announced a quarterly dividend of $1.80 per share, amounting to a 1.0% yield, reflecting a payout ratio of 26.55%.

Arista Wealth Management LLC purchased a new position in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 385 shares of the industrial products company's stock, valued at approximately $269,000.

Other institutional investors have also modified their holdings of the company. Alley Investment Management Company LLC purchased a new position in shares of Parker-Hannifin during the 1st quarter valued at about $7,996,000. Community Financial Services Group LLC raised its stake in shares of Parker-Hannifin by 1,338.2% during the 1st quarter. Community Financial Services Group LLC now owns 6,630 shares of the industrial products company's stock valued at $4,030,000 after buying an additional 6,169 shares during the last quarter. Inspire Investing LLC raised its stake in shares of Parker-Hannifin by 5.1% during the 1st quarter. Inspire Investing LLC now owns 12,386 shares of the industrial products company's stock valued at $7,529,000 after buying an additional 596 shares during the last quarter. Heartland Bank & Trust Co purchased a new position in shares of Parker-Hannifin during the 1st quarter valued at about $260,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of Parker-Hannifin by 20.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,194 shares of the industrial products company's stock valued at $1,334,000 after buying an additional 379 shares during the last quarter. Hedge funds and other institutional investors own 82.44% of the company's stock.

Analyst Upgrades and Downgrades

PH has been the subject of a number of recent research reports. Susquehanna initiated 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. Cowen restated a "hold" rating on shares of Parker-Hannifin in a research note on Friday, August 29th. Barclays lifted their price target on Parker-Hannifin from $776.00 to $785.00 and gave the company an "overweight" rating in a research note on Wednesday, October 1st. Truist Financial lifted their price target on Parker-Hannifin from $822.00 to $910.00 and gave the company a "buy" rating in a research note on Wednesday, October 8th. Finally, Mizuho lifted their price target on Parker-Hannifin from $800.00 to $825.00 and gave the company an "outperform" rating in a research note on Friday. Fourteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $789.83.

Insider Activity at Parker-Hannifin

In other news, VP Robert W. Malone sold 2,257 shares of the business's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $730.66, for a total transaction of $1,649,099.62. Following the transaction, the vice president directly owned 5,866 shares in the company, valued at $4,286,051.56. The trade was a 27.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Joseph R. Leonti sold 4,625 shares of the business's stock in a transaction that occurred on 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 transaction, the executive vice president owned 13,878 shares in the company, valued at approximately $10,420,157.52. This represents a 25.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,039 shares of company stock worth $10,356,566 in the last quarter. Corporate insiders own 0.32% of the company's stock.

Parker-Hannifin Price Performance

NYSE:PH opened at $734.26 on Friday. Parker-Hannifin Corporation has a 12 month low of $488.45 and a 12 month high of $779.77. The stock has a 50 day moving average of $750.51 and a two-hundred day moving average of $689.14. 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 firm has a market cap of $92.91 billion, a P/E ratio of 27.07, a price-to-earnings-growth ratio of 3.00 and a beta of 1.35.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $5.10 billion. During the same period in the previous year, the business earned $6.77 EPS. Parker-Hannifin'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. On average, analysts expect that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a yield of 1.0%. The ex-dividend date was Tuesday, September 2nd. Parker-Hannifin's payout ratio is 26.55%.

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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