Balefire LLC Purchases Shares of 459 Parker-Hannifin Corporation $PH

Key Points

• Balefire LLC has invested approximately $321,000 in Parker-Hannifin Corporation, acquiring 459 shares of the company in the second quarter.
• Parker-Hannifin recently reported earnings of $7.69 EPS, exceeding analysts' expectations of $7.08, alongside a revenue of $5.24 billion for the quarter.
• The company declared a quarterly dividend of $1.80 per share, representing an annualized yield of 1.0% and a payout ratio of 26.55%.

Balefire LLC bought a new stake in Parker-Hannifin Corporation (NYSE:PH - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 459 shares of the industrial products company's stock, valued at approximately $321,000.

Other hedge funds have also bought and sold shares of the company. Wealth Preservation Advisors LLC bought a new position in shares of Parker-Hannifin during the first quarter worth approximately $27,000. Saudi Central Bank bought a new position in Parker-Hannifin during the 1st quarter worth $31,000. Olde Wealth Management LLC bought a new position in Parker-Hannifin during the 1st quarter worth $35,000. Chilton Capital Management LLC raised its holdings in Parker-Hannifin by 1,500.0% in the 1st 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. Finally, Accent Capital Management LLC bought a new stake in shares of Parker-Hannifin during the 1st quarter valued at $41,000. 82.44% of the stock is owned by institutional investors.

Parker-Hannifin Trading Up 0.7%

Shares of Parker-Hannifin stock traded up $5.06 during midday trading on Monday, reaching $760.74. The company had a trading volume of 414,759 shares, compared to its average volume of 589,432. The stock has a fifty day moving average price of $741.46 and a 200 day moving average price of $673.22. Parker-Hannifin Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $779.77. The firm has a market cap of $97.21 billion, a PE ratio of 28.05, a P/E/G ratio of 3.13 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.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 earnings per share for the quarter, topping the consensus estimate of $7.08 by $0.61. The company had revenue of $5.24 billion during the quarter, compared to analysts' expectations of $5.10 billion. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. Parker-Hannifin's revenue for the quarter 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. On average, equities analysts anticipate that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were given a dividend of $1.80 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.20 annualized dividend and a dividend yield of 0.9%. Parker-Hannifin's dividend payout ratio (DPR) is 26.55%.

Insider Buying and Selling

In other news, COO Andrew D. Ross sold 4,361 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $732.66, for a total transaction of $3,195,130.26. Following the transaction, the chief operating officer owned 13,120 shares of the company's stock, valued at $9,612,499.20. This represents a 24.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Robert W. Malone sold 2,257 shares of the business'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 completion of the sale, the vice president directly owned 5,866 shares of the company's stock, valued at $4,286,051.56. The trade was a 27.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,039 shares of company stock worth $10,356,566 over the last ninety days. 0.39% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PH. Barclays boosted their price target on Parker-Hannifin from $750.00 to $776.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Citigroup restated a "buy" rating and set a $831.00 target price (up from $709.00) on shares of Parker-Hannifin in a research note on Monday, July 14th. Wells Fargo & Company lifted their price target on Parker-Hannifin from $770.00 to $800.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Evercore ISI reaffirmed an "outperform" rating on shares of Parker-Hannifin in a research note on Tuesday, August 19th. Finally, KeyCorp boosted their target price on Parker-Hannifin from $790.00 to $810.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Thirteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $770.94.

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.