Banque Transatlantique SA Takes Position in Parker-Hannifin Corporation $PH

Key Points

• Banque Transatlantique SA has invested approximately $976,000 in Parker-Hannifin Corporation by acquiring 1,737 shares of the company's stock.
• Parker-Hannifin recently reported $7.69 earnings per share (EPS), surpassing analysts' expectations and showing a year-over-year revenue increase of 1.1%.
• The company has declared a quarterly dividend of $1.80, reflecting an annualized return of approximately 1.0% based on the current stock price.

Banque Transatlantique SA purchased a new stake in Parker-Hannifin Corporation (NYSE:PH - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,737 shares of the industrial products company's stock, valued at approximately $976,000.

Several other hedge funds have also made changes to their positions in the company. Advisors Asset Management Inc. lifted its position in shares of Parker-Hannifin by 23.7% in the 1st quarter. Advisors Asset Management Inc. now owns 13,898 shares of the industrial products company's stock valued at $8,448,000 after acquiring an additional 2,666 shares in the last quarter. Aprio Wealth Management LLC lifted its position in shares of Parker-Hannifin by 49.8% in the 1st quarter. Aprio Wealth Management LLC now owns 1,497 shares of the industrial products company's stock valued at $910,000 after acquiring an additional 498 shares in the last quarter. EP Wealth Advisors LLC lifted its position in Parker-Hannifin by 4.7% in the 1st quarter. EP Wealth Advisors LLC now owns 3,884 shares of the industrial products company's stock worth $2,361,000 after buying an additional 176 shares in the last quarter. One Wealth Capital Management LLC lifted its position in Parker-Hannifin by 10.7% in the 1st quarter. One Wealth Capital Management LLC now owns 693 shares of the industrial products company's stock worth $421,000 after buying an additional 67 shares in the last quarter. Finally, Flputnam Investment Management Co. lifted its position in Parker-Hannifin by 111.9% in the 1st quarter. Flputnam Investment Management Co. now owns 16,077 shares of the industrial products company's stock worth $9,773,000 after buying an additional 8,491 shares in the last quarter. Hedge funds and other institutional investors own 82.44% of the company's stock.

Parker-Hannifin Stock Up 0.2%

Shares of PH traded up $1.67 during mid-day trading on Friday, hitting $758.63. 520,224 shares of the company's stock were exchanged, compared to its average volume of 616,179. The firm has a fifty day moving average of $731.05 and a two-hundred day moving average of $665.13. Parker-Hannifin Corporation has a twelve month low of $488.45 and a twelve month high of $773.30. The stock has a market cap of $96.94 billion, a price-to-earnings ratio of 27.97, a P/E/G ratio of 3.14 and a beta of 1.35. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 0.55.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced its quarterly earnings results 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 net margin of 17.79% and a return on equity of 26.80%. The company had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same quarter in the prior year, the business posted $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, sell-side analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd will be given a $1.80 dividend. This represents a $7.20 annualized dividend and a yield of 0.9%. The ex-dividend date is Tuesday, September 2nd. Parker-Hannifin's dividend payout ratio (DPR) is currently 26.55%.

Wall Street Analysts Forecast Growth

PH has been the subject of a number of research analyst reports. Evercore ISI reiterated an "outperform" rating on shares of Parker-Hannifin in a research report on Tuesday, August 19th. Morgan Stanley increased their target price on shares of Parker-Hannifin from $700.00 to $725.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 9th. Wall Street Zen downgraded shares of Parker-Hannifin from a "buy" rating to a "hold" rating in a research report on Sunday. KeyCorp increased their target price on shares of Parker-Hannifin from $790.00 to $810.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Finally, Cowen reiterated a "hold" rating on shares of Parker-Hannifin in a research report on Friday, August 29th. Thirteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $770.94.

Insider Activity at Parker-Hannifin

In other Parker-Hannifin news, EVP Joseph R. Leonti sold 4,625 shares of the business's stock in a transaction dated 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 transaction, the executive vice president directly owned 13,878 shares in the company, valued at $10,420,157.52. The trade was a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $1,649,099.62. Following the completion of the transaction, the vice president owned 5,866 shares in the company, valued at approximately $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 14,039 shares of company stock worth $10,356,566 in the last ninety days. Company insiders own 0.39% of the company's stock.

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.