Banyan Capital Management Inc. Trims Position in Parker-Hannifin Corporation $PH

Key Points

• Banyan Capital trimmed its stake in Parker-Hannifin by 9.4% in Q4, leaving it with 18,674 shares worth $16.414 million, about 7.1% of Banyan’s portfolio and its fourth-largest holding.
• Insiders sold shares in February (CFO Todd Leombruno sold 2,062 shares; COO Andrew Ross sold 4,664), while institutional ownership remains high at 82.44% and insiders hold just 0.32%.
• Parker-Hannifin beat quarterly expectations (EPS $8.17 vs. $7.84; revenue $5.49B), raised its quarterly dividend to $2.00, set FY 2026 guidance at 31.20 EPS, and carries a consensus Moderate Buy with an average price target of $1,012.45.

Banyan Capital Management Inc. trimmed its position in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 9.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,674 shares of the industrial products company's stock after selling 1,943 shares during the quarter. Parker-Hannifin comprises about 7.1% of Banyan Capital Management Inc.'s investment portfolio, making the stock its 4th biggest position. Banyan Capital Management Inc.'s holdings in Parker-Hannifin were worth $16,414,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. ING Groep NV purchased a new position in Parker-Hannifin in the third quarter valued at about $26,398,000. Procyon Advisors LLC raised its position in Parker-Hannifin by 158,565.9% in the third quarter. Procyon Advisors LLC now owns 5,069,374 shares of the industrial products company's stock valued at $3,843,346,000 after purchasing an additional 5,066,179 shares during the period. Citigroup Inc. raised its position in Parker-Hannifin by 54.7% in the third quarter. Citigroup Inc. now owns 158,668 shares of the industrial products company's stock valued at $120,294,000 after purchasing an additional 56,103 shares during the period. Wilkinson Global Asset Management LLC raised its position in Parker-Hannifin by 28.2% in the third quarter. Wilkinson Global Asset Management LLC now owns 48,434 shares of the industrial products company's stock valued at $36,720,000 after purchasing an additional 10,653 shares during the period. Finally, Advisors Capital Management LLC raised its position in Parker-Hannifin by 140.0% in the third quarter. Advisors Capital Management LLC now owns 2,232 shares of the industrial products company's stock valued at $1,693,000 after purchasing an additional 1,302 shares during the period. 82.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PH has been the topic of several research reports. Morgan Stanley raised their price objective on Parker-Hannifin from $945.00 to $1,038.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 24th. Jefferies Financial Group raised their price objective on Parker-Hannifin from $1,050.00 to $1,100.00 and gave the company a "buy" rating in a research report on Friday, January 30th. Wells Fargo & Company cut their price objective on Parker-Hannifin from $1,050.00 to $980.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 1st. Weiss Ratings restated a "buy (b)" rating on shares of Parker-Hannifin in a research note on Tuesday, April 21st. Finally, Robert W. Baird set a $1,050.00 target price on Parker-Hannifin in a research note on Friday, January 30th. Seventeen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $1,012.45.

Insider Transactions at Parker-Hannifin

In related news, CFO Todd M. Leombruno sold 2,062 shares of Parker-Hannifin stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $1,002.34, for a total value of $2,066,825.08. Following the completion of the transaction, the chief financial officer directly owned 20,610 shares in the company, valued at approximately $20,658,227.40. This trade represents a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Andrew D. Ross sold 4,664 shares of Parker-Hannifin stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $999.00, for a total value of $4,659,336.00. Following the completion of the transaction, the chief operating officer owned 13,120 shares of the company's stock, valued at $13,106,880. This trade represents a 26.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.32% of the stock is currently owned by company insiders.

Parker-Hannifin Stock Down 1.9%

Shares of Parker-Hannifin stock opened at $865.60 on Tuesday. The business has a 50-day moving average of $948.12 and a 200-day moving average of $903.15. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.66. The company has a market capitalization of $109.26 billion, a PE ratio of 31.93, a P/E/G ratio of 2.83 and a beta of 1.18. Parker-Hannifin Corporation has a 1-year low of $608.31 and a 1-year high of $1,034.96.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced its earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share for the quarter, beating the consensus estimate of $7.84 by $0.33. The company had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.40 billion. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The company's revenue was up 10.6% on a year-over-year basis. During the same period last year, the firm earned $6.94 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. As a group, equities analysts forecast that Parker-Hannifin Corporation will post 31.09 EPS for the current fiscal year.

Parker-Hannifin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 8th will be paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.9%. This is a positive change from Parker-Hannifin's previous quarterly dividend of $1.80. The ex-dividend date is Friday, May 8th. Parker-Hannifin's payout ratio is 26.26%.

Parker-Hannifin Profile

Parker-Hannifin Corporation NYSE: PH is a global manufacturer and provider of motion and control technologies and systems. The company designs, manufactures and services a broad range of engineered components and systems used to control the movement and flow of liquids, gases and hydraulic power. Its product portfolio is applied across demanding environments and includes solutions for industrial manufacturing, aerospace, mobile equipment and other engineered applications.

Parker-Hannifin's product and service offerings span hydraulic and pneumatic components, fittings and fluid connectors, valves, pumps and motors, electromechanical actuators and motion-control systems, filtration and separation products, and seals and sealing systems.

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