Asio Capital LLC Purchases Shares of 4,514 Parker-Hannifin Corporation $PH

Key Points

• Asio Capital LLC has acquired a new position in Parker-Hannifin Corporation, purchasing 4,514 shares valued at approximately $3.15 million during the second quarter.
• Research analysts have mixed ratings on Parker-Hannifin, with 13 analysts recommending a Buy and six rating it as a Hold, leading to an average rating of "Moderate Buy" and a consensus target price of $770.94.
• Parker-Hannifin recently declared a quarterly dividend of $1.80 per share, representing a dividend yield of 1.0% with a payout ratio of 26.55%.

Asio Capital LLC purchased a new position in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 4,514 shares of the industrial products company's stock, valued at approximately $3,153,000.

Several other hedge funds also recently made changes to their positions in PH. SG Americas Securities LLC raised its holdings in shares of Parker-Hannifin by 27.2% in the first quarter. SG Americas Securities LLC now owns 31,011 shares of the industrial products company's stock valued at $18,850,000 after buying an additional 6,630 shares during the last quarter. Alley Investment Management Company LLC acquired a new stake in shares of Parker-Hannifin during the first quarter worth $7,996,000. Community Financial Services Group LLC grew its position in Parker-Hannifin by 1,338.2% in 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 boosted its holdings in shares of Parker-Hannifin by 5.1% in the first quarter. Inspire Investing LLC now owns 12,386 shares of the industrial products company's stock valued at $7,529,000 after acquiring an additional 596 shares in the last quarter. Finally, Heartland Bank & Trust Co acquired a new position in shares of Parker-Hannifin during the first quarter worth about $260,000. Hedge funds and other institutional investors own 82.44% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on PH. Deutsche Bank Aktiengesellschaft lowered shares of Parker-Hannifin from a "buy" rating to a "hold" rating and set a $809.00 target price on the stock. in a research report on Thursday, September 4th. Citigroup reaffirmed a "buy" rating and set a $831.00 price target (up from $709.00) on shares of Parker-Hannifin in a research note on Monday, July 14th. 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 report on Friday, August 8th. Barclays increased their price objective on shares of Parker-Hannifin from $750.00 to $776.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Finally, Susquehanna assumed coverage on shares of Parker-Hannifin in a report on Friday, August 15th. They issued a "positive" rating and a $860.00 target price for the company. Thirteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $770.94.

Insider Buying and Selling at Parker-Hannifin

In other news, VP Robert W. Malone sold 2,257 shares of the company's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $730.66, for a total value of $1,649,099.62. Following the completion of the transaction, the vice president directly owned 5,866 shares in the company, valued at approximately $4,286,051.56. This represents a 27.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $3,472,635.00. Following the sale, the executive vice president owned 13,878 shares of the company's stock, valued at approximately $10,420,157.52. This trade represents a 25.00% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,039 shares of company stock valued at $10,356,566. 0.32% of the stock is owned by company insiders.

Parker-Hannifin Stock Performance

NYSE:PH opened at $753.24 on Tuesday. The firm's fifty day simple moving average is $745.14 and its 200 day simple moving average is $678.30. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55. Parker-Hannifin Corporation has a twelve month low of $488.45 and a twelve month high of $779.77. The firm has a market capitalization of $95.32 billion, a price-to-earnings ratio of 27.77, a PEG ratio of 3.11 and a beta of 1.35.

Parker-Hannifin (NYSE:PH - Get Free Report) last released its quarterly earnings data 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. 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 period last year, the company posted $6.77 earnings per share. The firm'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 research 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. Stockholders of record on Tuesday, September 2nd were paid 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 dividend yield of 1.0%. Parker-Hannifin's dividend payout ratio (DPR) is currently 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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