Caxton Associates LLP Makes New Investment in Parker-Hannifin Corporation $PH

Key Points

• Caxton Associates LLP has made a new investment in Parker-Hannifin Corporation by acquiring 1,599 shares valued at approximately $972,000.
• Parker-Hannifin reported impressive quarterly earnings of $7.69 per share, exceeding estimates, with a revenue of $5.24 billion.
• The company declared a quarterly dividend of $1.80, representing an annualized yield of 0.9%, with the ex-dividend date set for September 2nd.

Caxton Associates LLP acquired a new position in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,599 shares of the industrial products company's stock, valued at approximately $972,000.

Several other hedge funds have also modified their holdings of the stock. Voleon Capital Management LP grew its stake in shares of Parker-Hannifin by 15.2% during the first quarter. Voleon Capital Management LP now owns 5,531 shares of the industrial products company's stock valued at $3,362,000 after purchasing an additional 730 shares during the last quarter. Ashton Thomas Private Wealth LLC grew its stake in shares of Parker-Hannifin by 3.2% during the first quarter. Ashton Thomas Private Wealth LLC now owns 4,703 shares of the industrial products company's stock valued at $2,859,000 after purchasing an additional 148 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Parker-Hannifin by 23.8% during the first quarter. Goldman Sachs Group Inc. now owns 996,738 shares of the industrial products company's stock valued at $605,867,000 after purchasing an additional 191,799 shares during the last quarter. Teza Capital Management LLC bought a new stake in shares of Parker-Hannifin during the first quarter valued at approximately $211,000. Finally, UniSuper Management Pty Ltd grew its stake in shares of Parker-Hannifin by 6.9% during the first quarter. UniSuper Management Pty Ltd now owns 9,337 shares of the industrial products company's stock valued at $5,675,000 after purchasing an additional 605 shares during the last quarter. 82.44% of the stock is owned by institutional investors.

Parker-Hannifin Trading Up 1.4%

PH opened at $765.52 on Thursday. The firm's fifty day moving average is $734.38 and its two-hundred day moving average is $666.88. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19. The firm has a market cap of $97.82 billion, a PE ratio of 28.23, a price-to-earnings-growth ratio of 3.13 and a beta of 1.35. Parker-Hannifin Corporation has a twelve month low of $488.45 and a twelve month high of $773.30.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its earnings results 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 for the quarter, compared to analyst estimates of $5.10 billion. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The business's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period last year, the business posted $6.77 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Equities research analysts anticipate that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

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

Insider Buying and Selling

In other Parker-Hannifin news, VP Robert W. Malone sold 2,257 shares of the stock in a transaction on 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 sale, the vice president directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Andrew D. Ross sold 4,361 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $732.66, for a total transaction of $3,195,130.26. Following the completion of the sale, the chief operating officer owned 13,120 shares in the company, valued at approximately $9,612,499.20. This trade represents a 24.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,039 shares of company stock valued at $10,356,566. 0.39% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PH. Citigroup reissued a "buy" rating and set a $831.00 price target (up from $709.00) on shares of Parker-Hannifin in a research note on Monday, July 14th. KeyCorp increased their price target on shares of Parker-Hannifin from $790.00 to $810.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Morgan Stanley increased their price objective on shares of Parker-Hannifin from $700.00 to $725.00 and gave the company an "equal weight" rating in a report on Wednesday, July 9th. Barclays increased their price objective on shares of Parker-Hannifin from $750.00 to $776.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Finally, Cowen restated a "hold" rating on shares of Parker-Hannifin in a 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 company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $770.94.

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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