Clark & Stuart Inc Purchases New Stake in Parker-Hannifin Corporation $PH

Key Points

• Clark & Stuart Inc has acquired a new stake in Parker-Hannifin Corporation, purchasing 382 shares valued at approximately $267,000 during the second quarter.
• Parker-Hannifin reported a solid quarterly performance with an EPS of $7.69, exceeding expectations, and set FY 2026 guidance between 28.400-29.400 EPS.
• The company announced a quarterly dividend of $1.80, translating to an annualized dividend of $7.20 and a yield of 0.9%, with a payout ratio of 26.55%.

Clark & Stuart Inc acquired a new position in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 382 shares of the industrial products company's stock, valued at approximately $267,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PH. Wealth Preservation Advisors LLC purchased a new stake in shares of Parker-Hannifin during the 1st quarter worth $27,000. Saudi Central Bank acquired a new stake in shares of Parker-Hannifin in the first quarter valued at about $31,000. Olde Wealth Management LLC purchased a new stake in Parker-Hannifin during the first quarter worth about $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 worth $39,000 after buying an additional 60 shares during the period. Finally, Accent Capital Management LLC purchased a new position in Parker-Hannifin in the first quarter valued at about $41,000. Institutional investors and hedge funds own 82.44% of the company's stock.

Parker-Hannifin Stock Up 0.2%

Shares of NYSE:PH opened at $764.56 on Tuesday. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $96.75 billion, a P/E ratio of 28.19, a P/E/G ratio of 3.16 and a beta of 1.35. Parker-Hannifin Corporation has a 52-week low of $488.45 and a 52-week high of $779.77. The stock's fifty day simple moving average is $747.98 and its 200-day simple moving average is $683.09.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its quarterly earnings data 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. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The firm had revenue of $5.24 billion during the quarter, compared to analysts' expectations of $5.10 billion. The firm's quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $6.77 EPS. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, equities research analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were given a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, September 2nd. Parker-Hannifin's payout ratio is currently 26.55%.

Insider Buying and Selling at Parker-Hannifin

In related news, COO Andrew D. Ross sold 4,361 shares of the firm's stock in a transaction that occurred 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Thomas C. Gentile sold 1,133 shares of Parker-Hannifin 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 completion of the sale, the vice president directly owned 5,465 shares of the company's stock, valued at $3,986,717.50. The trade was a 17.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,039 shares of company stock valued at $10,356,566. 0.32% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on PH. Weiss Ratings restated a "buy (b)" rating on shares of Parker-Hannifin in a report on Saturday, September 27th. Wall Street Zen upgraded Parker-Hannifin from a "hold" rating to a "buy" rating in a research report on Saturday, September 20th. Evercore ISI restated an "outperform" rating on shares of Parker-Hannifin in a research report on Tuesday, August 19th. Raymond James Financial lifted their price target on Parker-Hannifin from $735.00 to $845.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Finally, Wells Fargo & Company increased their price objective on shares of Parker-Hannifin from $800.00 to $840.00 and gave the company an "overweight" rating in a research note on Monday. Fourteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $773.67.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.