EntryPoint Capital LLC Acquires Shares of 470 Parker-Hannifin Corporation $PH

Key Points

• EntryPoint Capital LLC has acquired a new position in Parker-Hannifin Corporation, purchasing 470 shares valued at approximately $286,000.
• Parker-Hannifin's stock saw target price increases from various brokerages, with recommendations ranging from "hold" to "overweight" and a consensus rating of "Moderate Buy."
• The company announced a quarterly dividend of $1.80 per share, representing an annualized amount of $7.20 and a dividend yield of 1.0%.

EntryPoint Capital LLC acquired a new position in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 470 shares of the industrial products company's stock, valued at approximately $286,000.

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Parker-Hannifin by 1.6% during the first quarter. Vanguard Group Inc. now owns 11,023,764 shares of the industrial products company's stock worth $6,700,795,000 after acquiring an additional 168,990 shares during the period. Royal Bank of Canada increased its position in shares of Parker-Hannifin by 99.8% during the fourth quarter. Royal Bank of Canada now owns 2,277,001 shares of the industrial products company's stock worth $1,448,241,000 after acquiring an additional 1,137,564 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of Parker-Hannifin by 9.3% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,016,091 shares of the industrial products company's stock worth $1,282,294,000 after acquiring an additional 172,064 shares during the period. Wellington Management Group LLP increased its position in shares of Parker-Hannifin by 11.6% during the first quarter. Wellington Management Group LLP now owns 2,009,250 shares of the industrial products company's stock worth $1,221,323,000 after acquiring an additional 208,573 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of Parker-Hannifin by 66,111.8% during the first quarter. GAMMA Investing LLC now owns 1,735,412 shares of the industrial products company's stock worth $1,054,870,000 after acquiring an additional 1,732,791 shares during the period. Hedge funds and other institutional investors own 82.44% of the company's stock.

Parker-Hannifin Trading Up 0.8%

Shares of NYSE PH traded up $5.80 during trading on Wednesday, hitting $767.35. 317,727 shares of the company traded hands, compared to its average volume of 748,871. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $767.01. The company has a 50-day moving average price of $716.99 and a 200-day moving average price of $661.40. The firm has a market capitalization of $98.05 billion, a P/E ratio of 28.26, a P/E/G ratio of 3.11 and a beta of 1.37. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 0.55.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 earnings per share (EPS) 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 analysts' expectations of $5.10 billion. During the same period in the previous year, the company earned $6.77 EPS. The business's quarterly revenue was up 1.1% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. On average, equities analysts predict that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Tuesday, September 2nd will be given a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, September 2nd. Parker-Hannifin's dividend payout ratio is 26.55%.

Wall Street Analyst Weigh In

Several research firms recently commented on PH. Wells Fargo & Company increased their target price on Parker-Hannifin from $770.00 to $800.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Stifel Nicolaus raised their price target on Parker-Hannifin from $717.00 to $726.00 and gave the stock a "hold" rating in a report on Friday, August 8th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Parker-Hannifin in a report on Friday, August 8th. Argus set a $680.00 price objective on shares of Parker-Hannifin in a research report on Tuesday, May 6th. Finally, 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. Fourteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $768.71.

Insider Activity

In related news, VP Angela R. Ives sold 810 shares of the company's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $727.36, for a total transaction 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 approximately $2,035,153.28. This represents a 22.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas C. Gentile sold 1,133 shares of the company's stock in a transaction 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 sale, the vice president directly owned 5,465 shares of the company's stock, valued at approximately $3,986,717.50. This trade represents a 17.17% 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 in the last quarter. Insiders own 0.39% 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.