Parker-Hannifin Corporation $PH Position Boosted by Baird Financial Group Inc.

Key Points

• Baird Financial Group Inc. increased its holdings in Parker-Hannifin Corporation by 5.6%, acquiring an additional 44,675 shares, bringing its total to 846,899 shares.
• Parker-Hannifin's recent quarterly earnings showed an EPS of $7.69, outperforming estimates by $0.61, with revenues reaching $5.24 billion.
• Several analysts revised their price targets for Parker-Hannifin, with the average target now at $768.71, reflecting a consensus rating of "Moderate Buy."

Baird Financial Group Inc. raised its holdings in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 5.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 846,899 shares of the industrial products company's stock after buying an additional 44,675 shares during the period. Parker-Hannifin comprises about 1.0% of Baird Financial Group Inc.'s holdings, making the stock its 20th largest position. Baird Financial Group Inc. owned 0.66% of Parker-Hannifin worth $514,788,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Preservation Advisors LLC purchased a new position in shares of Parker-Hannifin during the first quarter worth about $27,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of Parker-Hannifin during the 4th quarter worth approximately $32,000. Olde Wealth Management LLC purchased a new stake in shares of Parker-Hannifin during the 1st quarter worth approximately $35,000. Chilton Capital Management LLC boosted its stake 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 position in shares of Parker-Hannifin during the 1st quarter worth approximately $41,000. Institutional investors and hedge funds own 82.44% of the company's stock.

Parker-Hannifin Stock Down 0.3%

NYSE PH traded down $2.15 during trading hours on Wednesday, hitting $747.79. The company had a trading volume of 386,691 shares, compared to its average volume of 747,602. Parker-Hannifin Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $773.30. The company has a market capitalization of $95.55 billion, a price-to-earnings ratio of 27.57, a P/E/G ratio of 3.15 and a beta of 1.35. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71. The firm's 50 day moving average is $727.16 and its 200 day moving average is $663.97.

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 the consensus estimate 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 firm earned $6.77 EPS. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Sell-side analysts anticipate that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $1.80 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $7.20 annualized dividend and a dividend yield of 1.0%. Parker-Hannifin's dividend payout ratio (DPR) is currently 26.55%.

Insider Activity at Parker-Hannifin

In other news, VP Matthew A. Jacobson sold 575 shares of the firm's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $733.06, for a total transaction of $421,509.50. Following the completion of the sale, the vice president directly owned 1,000 shares in the company, valued at $733,060. This trade represents a 36.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Robert W. Malone sold 2,257 shares of the firm's stock in a transaction dated 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 sale, the vice president owned 5,866 shares of the company's stock, valued at $4,286,051.56. This represents a 27.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,039 shares of company stock valued at $10,356,566. 0.39% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on PH. Wall Street Zen upgraded Parker-Hannifin from a "hold" rating to a "buy" rating in a research report on Saturday. KeyCorp boosted their price target on Parker-Hannifin from $790.00 to $810.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Stifel Nicolaus boosted their price target on Parker-Hannifin from $717.00 to $726.00 and gave the company a "hold" rating in a report on Friday, August 8th. Morgan Stanley boosted their price target on Parker-Hannifin from $700.00 to $725.00 and gave the company an "equal weight" rating in a report on Wednesday, July 9th. Finally, Susquehanna assumed coverage on Parker-Hannifin in a report on Friday, August 15th. They issued a "positive" rating and a $860.00 price target for the company. Fourteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $768.71.

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.