Callan Family Office LLC Increases Stock Position in Parker-Hannifin Corporation $PH

Key Points

• Callan Family Office LLC has significantly increased its stake in Parker-Hannifin Corporation, raising its holdings by 204.6% during the second quarter to a total of 3,323 shares, valued at approximately $2.32 million.
• Multiple institutional investors, including Wealth Preservation Advisors LLC and Saudi Central Bank, have initiated positions or increased their stakes in Parker-Hannifin, indicating strong interest from the investment community with 82.44% of the stock owned by institutions.
• Parker-Hannifin reported quarterly earnings of $7.69 per share, surpassing estimates, with total revenue of $5.24 billion, leading to an optimistic guidance for the FY 2026 of 28.400-29.400 EPS.

Callan Family Office LLC raised its holdings in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 204.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,323 shares of the industrial products company's stock after acquiring an additional 2,232 shares during the period. Callan Family Office LLC's holdings in Parker-Hannifin were worth $2,321,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of PH. Wealth Preservation Advisors LLC bought a new position in Parker-Hannifin during the first quarter valued at approximately $27,000. Saudi Central Bank bought a new position in Parker-Hannifin during the first quarter valued at approximately $31,000. Olde Wealth Management LLC bought a new position in Parker-Hannifin during the first quarter valued at approximately $35,000. Chilton Capital Management LLC grew its position in Parker-Hannifin by 1,500.0% during the first 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 during the last quarter. Finally, Accent Capital Management LLC bought a new position in Parker-Hannifin during the first quarter valued at approximately $41,000. 82.44% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Matthew A. Jacobson sold 575 shares of the business's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $733.06, for a total transaction of $421,509.50. Following the sale, the vice president owned 1,000 shares in the company, valued at approximately $733,060. The trade was a 36.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Joseph R. Leonti sold 4,625 shares of the business's stock in a transaction on 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 sale, the executive vice president owned 13,878 shares in the company, valued at approximately $10,420,157.52. This trade represents a 25.00% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,039 shares of company stock worth $10,356,566. 0.32% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have commented on PH shares. Stifel Nicolaus increased their price target on shares of Parker-Hannifin from $717.00 to $726.00 and gave the company a "hold" rating in a research report on Friday, August 8th. Wall Street Zen raised shares of Parker-Hannifin from a "hold" rating to a "buy" rating in a research note on Saturday, September 20th. Citigroup lifted their target price on shares of Parker-Hannifin from $831.00 to $874.00 and gave the stock a "buy" rating in a research note on Thursday. Susquehanna assumed coverage on shares of Parker-Hannifin in a research note on Friday, August 15th. They issued a "positive" rating and a $860.00 target price on the stock. Finally, Morgan Stanley lifted 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 note on Wednesday, July 9th. Fourteen 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 company currently has a consensus rating of "Moderate Buy" and an average target price of $786.78.

Parker-Hannifin Stock Performance

NYSE:PH opened at $716.31 on Friday. The stock has a market cap of $90.64 billion, a P/E ratio of 26.41, a price-to-earnings-growth ratio of 2.97 and a beta of 1.35. The firm's fifty day simple moving average is $748.97 and its 200 day simple moving average is $685.49. Parker-Hannifin Corporation has a twelve month low of $488.45 and a twelve month high of $779.77. 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 released its quarterly earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share for the quarter, beating the consensus estimate of $7.08 by $0.61. The business had revenue of $5.24 billion for 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%. The firm's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.77 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, research analysts predict that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

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

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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