Corient IA LLC Buys Shares of 741 Parker-Hannifin Corporation $PH

Key Points

• Corient IA LLC acquired 741 shares of Parker-Hannifin Corporation, valued at approximately $450,000, as reported in their recent SEC filing.
• Parker-Hannifin reported earnings of $7.69 per share, surpassing analyst expectations of $7.08, with revenues of $5.24 billion for the quarter.
• Recent analyst upgrades include target prices raised by Barclays to $776.00 and Wells Fargo to $800.00, indicating a consensus rating of “Moderate Buy” for the stock.

Corient IA LLC acquired a new position in Parker-Hannifin Corporation (NYSE:PH - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 741 shares of the industrial products company's stock, valued at approximately $450,000.

A number of other large investors have also recently made changes to their positions in the stock. First Manhattan CO. LLC. raised its stake in Parker-Hannifin by 1.0% during the fourth quarter. First Manhattan CO. LLC. now owns 1,580 shares of the industrial products company's stock valued at $1,005,000 after purchasing an additional 15 shares in the last quarter. Becker Capital Management Inc. raised its stake in Parker-Hannifin by 3.4% during the fourth quarter. Becker Capital Management Inc. now owns 482 shares of the industrial products company's stock valued at $307,000 after purchasing an additional 16 shares in the last quarter. Nicolet Advisory Services LLC raised its stake in Parker-Hannifin by 3.5% during the first quarter. Nicolet Advisory Services LLC now owns 468 shares of the industrial products company's stock valued at $262,000 after purchasing an additional 16 shares in the last quarter. E Fund Management Co. Ltd. raised its stake in Parker-Hannifin by 5.0% during the first quarter. E Fund Management Co. Ltd. now owns 336 shares of the industrial products company's stock valued at $204,000 after purchasing an additional 16 shares in the last quarter. Finally, Citizens National Bank Trust Department raised its stake in Parker-Hannifin by 8.5% during the first quarter. Citizens National Bank Trust Department now owns 217 shares of the industrial products company's stock valued at $132,000 after purchasing an additional 17 shares in the last quarter. 82.44% of the stock is owned by hedge funds and other institutional investors.

Parker-Hannifin Trading Up 3.4%

Shares of Parker-Hannifin stock traded up $24.56 during trading on Friday, hitting $757.61. The stock had a trading volume of 269,059 shares, compared to its average volume of 749,593. The firm's fifty day simple moving average is $711.07 and its 200-day simple moving average is $660.22. The stock has a market cap of $96.81 billion, a PE ratio of 27.94, a PEG ratio of 3.08 and a beta of 1.37. 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 Corporation has a 12 month low of $488.45 and a 12 month high of $763.99.

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 the consensus estimate of $7.08 by $0.61. The company had revenue of $5.24 billion for the quarter, compared to the consensus estimate 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 was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm posted $6.77 EPS. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, sell-side analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd will be given a $1.80 dividend. This represents a $7.20 annualized dividend and a yield of 1.0%. Parker-Hannifin's dividend payout ratio (DPR) is 26.55%.

Wall Street Analysts Forecast Growth

PH has been the topic of a number of recent research reports. Citigroup reaffirmed a "buy" rating and set a $831.00 price target (up previously from $709.00) on shares of Parker-Hannifin in a research note on Monday, July 14th. KeyCorp upped 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. Wells Fargo & Company upped their price target on shares of Parker-Hannifin from $770.00 to $800.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Evercore ISI reaffirmed an "outperform" rating on shares of Parker-Hannifin in a research note on Tuesday. Finally, Raymond James Financial increased their target price on shares of Parker-Hannifin from $735.00 to $845.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Fourteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $768.71.

Insider Buying and Selling

In other Parker-Hannifin news, VP Angela R. Ives sold 810 shares of the business's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $727.36, for a total value of $589,161.60. Following the completion of the sale, the vice president directly owned 2,798 shares of the company's stock, valued at $2,035,153.28. The trade was a 22.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Robert W. Malone sold 2,257 shares of the business's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $730.66, for a total transaction of $1,649,099.62. Following the completion of the sale, the vice president directly owned 5,866 shares of the company's stock, valued at approximately $4,286,051.56. This trade represents a 27.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,414 shares of company stock worth $6,883,931 over the last 90 days. Corporate insiders own 0.39% of the company's stock.

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.