Childress Capital Advisors LLC Purchases Shares of 527 Parker-Hannifin Corporation $PH

Childress Capital Advisors LLC acquired a new position in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 527 shares of the industrial products company's stock, valued at approximately $368,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Wealth Preservation Advisors LLC acquired a new position in shares of Parker-Hannifin during the 1st quarter worth approximately $27,000. Saudi Central Bank bought a new position in shares of Parker-Hannifin in the first quarter valued at $31,000. Olde Wealth Management LLC acquired a new position in Parker-Hannifin during the first quarter worth $35,000. Chilton Capital Management LLC raised 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 worth $39,000 after acquiring an additional 60 shares in the last quarter. Finally, Accent Capital Management LLC acquired a new stake in Parker-Hannifin in the first quarter valued at $41,000. Institutional investors and hedge funds own 82.44% of the company's stock.

Parker-Hannifin Stock Down 0.3%

NYSE PH opened at $755.64 on Thursday. The business has a fifty day moving average price of $746.40 and a two-hundred day moving average price of $679.39. The stock has a market capitalization of $95.62 billion, a PE ratio of 27.86, a PEG ratio of 3.14 and a beta of 1.35. Parker-Hannifin Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $779.77. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The industrial products company reported $7.69 EPS for the quarter, topping analysts' consensus estimates of $7.08 by $0.61. The company had revenue of $5.24 billion during the quarter, compared to analysts' expectations of $5.10 billion. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.Parker-Hannifin's revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $6.77 EPS. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Equities analysts expect that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were paid a $1.80 dividend. 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 dividend payout ratio (DPR) is presently 26.55%.

Analyst Upgrades and Downgrades

PH has been the topic of several recent analyst reports. Cowen restated a "hold" rating on shares of Parker-Hannifin in a research note on Friday, August 29th. Morgan Stanley boosted their price target on Parker-Hannifin from $700.00 to $725.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 9th. Wells Fargo & Company raised their price objective on Parker-Hannifin from $770.00 to $800.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Deutsche Bank Aktiengesellschaft lowered Parker-Hannifin from a "buy" rating to a "hold" rating and set a $809.00 target price on the stock. in a report on Thursday, September 4th. Finally, Susquehanna began coverage on Parker-Hannifin in a report on Friday, August 15th. They set a "positive" rating and a $860.00 price target for the company. Thirteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $771.44.

Insider Activity at Parker-Hannifin

In other news, COO Andrew D. Ross sold 4,361 shares of the company's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $732.66, for a total transaction of $3,195,130.26. Following the completion of the transaction, the chief operating officer directly owned 13,120 shares in the company, valued at approximately $9,612,499.20. This represents a 24.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Matthew A. Jacobson sold 575 shares of the stock in a transaction on Friday, August 8th. The shares were sold at an average price of $733.06, for a total value of $421,509.50. Following the completion of the transaction, the vice president owned 1,000 shares of the company's stock, valued at $733,060. The trade was a 36.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,039 shares of company stock worth $10,356,566 in the last ninety days. Insiders own 0.32% of the company's stock.

About Parker-Hannifin

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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