Parker-Hannifin Corporation $PH Stock Holdings Increased by CX Institutional

Key Points

• CX Institutional increased its holdings in Parker-Hannifin Corporation by 12.5%, acquiring an additional 353 shares, bringing its total to 3,183 shares valued at approximately $2.2 million.
• Several institutional investors significantly increased their stakes in Parker-Hannifin, with GAMMA Investing LLC raising its holdings by an astounding 66,111.8%, now owning shares worth over $1 billion.
• Parker-Hannifin reported earnings of $7.69 per share for the last quarter, surpassing expectations, and announced a quarterly dividend of $1.80 per share.

CX Institutional grew its holdings in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 12.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,183 shares of the industrial products company's stock after purchasing an additional 353 shares during the period. CX Institutional's holdings in Parker-Hannifin were worth $2,223,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wealth Preservation Advisors LLC acquired a new stake in shares of Parker-Hannifin during the first quarter worth $27,000. Saudi Central Bank bought a new position in shares of Parker-Hannifin during the first quarter worth about $31,000. Olde Wealth Management LLC bought a new position in shares of Parker-Hannifin during the first quarter worth about $35,000. Chilton Capital Management LLC grew its position in shares of 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 during the last quarter. Finally, Accent Capital Management LLC bought a new position in shares of Parker-Hannifin during the first quarter worth about $41,000. 82.44% of the stock is owned by institutional investors and hedge funds.

Parker-Hannifin Price Performance

Shares of NYSE:PH traded up $5.06 during trading hours on Monday, hitting $760.74. 414,759 shares of the company's stock traded hands, compared to its average volume of 736,738. Parker-Hannifin Corporation has a 52 week low of $488.45 and a 52 week high of $779.77. 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 company's fifty day simple moving average is $740.49 and its two-hundred day simple moving average is $672.35. The company has a market cap of $97.21 billion, a price-to-earnings ratio of 28.05, a price-to-earnings-growth ratio of 3.13 and a beta of 1.35.

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

Parker-Hannifin Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on PH shares. Raymond James Financial upped their price target on shares of Parker-Hannifin from $735.00 to $845.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Susquehanna started coverage on shares of Parker-Hannifin in a research report on Friday, August 15th. They set a "positive" rating and a $860.00 price target for the company. Wall Street Zen upgraded shares of Parker-Hannifin from a "hold" rating to a "buy" rating in a research report on Saturday. Evercore ISI restated an "outperform" rating on shares of Parker-Hannifin in a research report on Tuesday, August 19th. Finally, Morgan Stanley upped their price target on shares of Parker-Hannifin from $700.00 to $725.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 9th. Thirteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $770.94.

Insider Activity at Parker-Hannifin

In other news, EVP Joseph R. Leonti sold 4,625 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $750.84, for a total value of $3,472,635.00. Following the completion of the sale, the executive vice president directly owned 13,878 shares of the company's stock, valued at $10,420,157.52. This represents a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Andrew D. Ross sold 4,361 shares of the stock in a transaction that occurred 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 directly owned 13,120 shares of the company's stock, valued at $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 ninety days, insiders sold 14,039 shares of company stock valued at $10,356,566. Corporate insiders own 0.39% of the company's stock.

Parker-Hannifin Company 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.