Atria Wealth Solutions Inc. Trims Stock Holdings in Parker-Hannifin Corporation $PH

Key Points

• Atria Wealth Solutions Inc. reduced its stake in Parker-Hannifin Corporation by 74.9%, holding only 2,504 shares following a sale of 7,488 shares in the second quarter.
• Parker-Hannifin reported an earnings per share (EPS) of $7.69 for the previous quarter, exceeding analysts' expectations and marking a 1.1% revenue increase year-over-year.
• The company's quarterly dividend of $1.80 per share yields about 1.0%, reflecting a dividend payout ratio of 26.55%.

Atria Wealth Solutions Inc. reduced its position in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 74.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,504 shares of the industrial products company's stock after selling 7,488 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Parker-Hannifin were worth $1,753,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Parker-Hannifin by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 11,023,764 shares of the industrial products company's stock valued at $6,700,795,000 after acquiring an additional 168,990 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Parker-Hannifin by 52.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,443,104 shares of the industrial products company's stock valued at $1,485,042,000 after acquiring an additional 842,262 shares in the last quarter. Wellington Management Group LLP grew its position in Parker-Hannifin by 11.6% in the 1st quarter. Wellington Management Group LLP now owns 2,009,250 shares of the industrial products company's stock valued at $1,221,323,000 after acquiring an additional 208,573 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Parker-Hannifin by 0.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,594,347 shares of the industrial products company's stock valued at $969,124,000 after acquiring an additional 11,815 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Parker-Hannifin in the 1st quarter valued at about $933,089,000. 82.44% of the stock is owned by institutional investors and hedge funds.

Parker-Hannifin Stock Performance

Shares of PH opened at $736.06 on Thursday. The stock has a 50 day moving average price of $750.39 and a 200 day moving average price of $687.48. 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 company has a market capitalization of $93.14 billion, a price-to-earnings ratio of 27.14, a price-to-earnings-growth ratio of 3.04 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.

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

Parker-Hannifin Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Tuesday, September 2nd. Parker-Hannifin's dividend payout ratio is 26.55%.

Insider Transactions at Parker-Hannifin

In related 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 completion of the transaction, the vice president directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Robert W. Malone sold 2,257 shares of the company's stock in a transaction that occurred 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 of the company's stock, valued at $4,286,051.56. This trade represents a 27.79% 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 valued at $10,356,566 over the last three months. 0.32% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wells Fargo & Company lifted their target price on Parker-Hannifin from $800.00 to $840.00 and gave the company an "overweight" rating in a research report on Monday, October 6th. Stifel Nicolaus boosted their price objective on Parker-Hannifin from $717.00 to $726.00 and gave the stock a "hold" rating in a research report on Friday, August 8th. Susquehanna initiated coverage on Parker-Hannifin in a research report on Friday, August 15th. They set a "positive" rating and a $860.00 price objective for the company. Citigroup boosted their price objective on Parker-Hannifin from $831.00 to $874.00 and gave the stock a "buy" rating in a research report on Thursday, October 9th. Finally, Barclays boosted their price objective on Parker-Hannifin from $776.00 to $785.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 1st. Fourteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Parker-Hannifin presently has an average rating of "Moderate Buy" and a consensus target price of $787.61.

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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