Beacon Financial Advisory LLC Makes New Investment in Parker-Hannifin Corporation $PH

Key Points

• Beacon Financial Advisory LLC recently invested approximately $610,000 in Parker-Hannifin Corporation by purchasing 873 shares in the second quarter.
• Parker-Hannifin's stock has received an average rating of "Moderate Buy" from analysts, with several increasing their target prices, the highest being $860.00.
• The company announced a quarterly dividend of $1.80, representing a 0.9% yield and a payout ratio of 26.55%.

Beacon Financial Advisory LLC purchased a new stake in Parker-Hannifin Corporation (NYSE:PH - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 873 shares of the industrial products company's stock, valued at approximately $610,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PH. Brighton Jones LLC increased its holdings in Parker-Hannifin by 5.9% in the fourth quarter. Brighton Jones LLC now owns 1,808 shares of the industrial products company's stock valued at $1,150,000 after buying an additional 101 shares in the last quarter. Bison Wealth LLC grew its holdings in shares of Parker-Hannifin by 4.5% in the 4th quarter. Bison Wealth LLC now owns 749 shares of the industrial products company's stock worth $476,000 after acquiring an additional 32 shares during the period. Wedmont Private Capital grew its holdings in shares of Parker-Hannifin by 1.0% in the 1st quarter. Wedmont Private Capital now owns 3,064 shares of the industrial products company's stock worth $1,732,000 after acquiring an additional 30 shares during the period. Revolve Wealth Partners LLC purchased a new position in Parker-Hannifin in the 1st quarter valued at approximately $242,000. Finally, Wealthcare Capital Partners LLC raised its holdings in Parker-Hannifin by 4.2% during the first quarter. Wealthcare Capital Partners LLC now owns 649 shares of the industrial products company's stock worth $394,000 after purchasing an additional 26 shares during the last quarter. Institutional investors and hedge funds own 82.44% of the company's stock.

Insider Activity at Parker-Hannifin

In other news, EVP Joseph R. Leonti sold 4,625 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $750.84, for a total transaction 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. This represents a 25.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Thomas C. Gentile sold 1,133 shares of the company's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $729.50, for a total transaction of $826,523.50. Following the transaction, the vice president directly owned 5,465 shares of the company's stock, valued at $3,986,717.50. This trade represents a 17.17% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,039 shares of company stock worth $10,356,566. Corporate insiders own 0.32% of the company's stock.

Parker-Hannifin Stock Performance

NYSE:PH opened at $763.72 on Monday. 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 has a market cap of $96.64 billion, a PE ratio of 28.16, a P/E/G ratio of 3.16 and a beta of 1.35. The firm has a 50 day simple moving average of $747.47 and a 200-day simple moving average of $682.10. Parker-Hannifin Corporation has a 1-year low of $488.45 and a 1-year high of $779.77.

Parker-Hannifin (NYSE:PH - Get Free Report) last released its 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 firm had revenue of $5.24 billion during the quarter, compared to analysts' expectations of $5.10 billion. During the same period in the previous year, the company earned $6.77 EPS. Parker-Hannifin's revenue for the quarter 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, equities analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were issued a $1.80 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $7.20 annualized dividend and a yield of 0.9%. Parker-Hannifin's payout ratio is 26.55%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Evercore ISI restated an "outperform" rating on shares of Parker-Hannifin in a research report on Tuesday, August 19th. Citigroup restated a "buy" rating and set a $831.00 target price (up from $709.00) on shares of Parker-Hannifin in a report on Monday, July 14th. Raymond James Financial lifted their target price on shares of Parker-Hannifin from $735.00 to $845.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Wells Fargo & Company increased their price target on shares of Parker-Hannifin from $770.00 to $800.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Finally, Susquehanna initiated coverage on shares of Parker-Hannifin in a research note on Friday, August 15th. They set a "positive" rating and a $860.00 price objective for the company. Fourteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $771.44.

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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