Farmers & Merchants Investments Inc. Sells 522 Shares of Parker-Hannifin Corporation $PH

Key Points

• Farmers & Merchants Investments Inc. significantly reduced its position in Parker-Hannifin Corporation by 86.1%, resulting in ownership of only 84 shares, worth approximately $59,000.
• Parker-Hannifin's recent financial performance exceeded expectations, with an earnings per share (EPS) of $7.69, surpassing the consensus estimate of $7.08, and a revenue of $5.24 billion, up 1.1% year-over-year.
• Insider selling activity included contributions from EVP Joseph R. Leonti and VP Robert W. Malone, who sold significant portions of their holdings, leading to a total of 14,039 shares sold by insiders worth over $10 million.

Farmers & Merchants Investments Inc. lowered its position in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 86.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 84 shares of the industrial products company's stock after selling 522 shares during the period. Farmers & Merchants Investments Inc.'s holdings in Parker-Hannifin were worth $59,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Wealth Preservation Advisors LLC acquired a new stake in shares of Parker-Hannifin during the first quarter valued at about $27,000. Saudi Central Bank bought a new stake in Parker-Hannifin during the 1st quarter worth approximately $31,000. Olde Wealth Management LLC bought a new stake in Parker-Hannifin during the 1st quarter worth approximately $35,000. Chilton Capital Management LLC increased its position in Parker-Hannifin by 1,500.0% in the 1st quarter. Chilton Capital Management LLC now owns 64 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 60 shares during the period. Finally, Accent Capital Management LLC bought a new position in shares of Parker-Hannifin during the first quarter valued at $41,000. 82.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Joseph R. Leonti sold 4,625 shares of Parker-Hannifin stock in a transaction 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 owned 13,878 shares of the company's stock, valued at approximately $10,420,157.52. This trade represents a 25.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Robert W. Malone sold 2,257 shares of the company's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $730.66, for a total transaction of $1,649,099.62. Following the transaction, the vice president owned 5,866 shares in the company, valued at approximately $4,286,051.56. The trade was a 27.79% decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,039 shares of company stock worth $10,356,566 over the last quarter. Corporate insiders own 0.39% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on PH. Wall Street Zen upgraded Parker-Hannifin from a "hold" rating to a "buy" rating in a report on Saturday. KeyCorp upped their price target on Parker-Hannifin from $790.00 to $810.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Cowen restated a "hold" rating on shares of Parker-Hannifin in a research report on Friday, August 29th. Citigroup reiterated a "buy" rating and issued a $831.00 target price (up from $709.00) on shares of Parker-Hannifin in a report on Monday, July 14th. Finally, Evercore ISI reissued an "outperform" rating on shares of Parker-Hannifin in a research report on Tuesday, August 19th. Thirteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $770.94.

Parker-Hannifin Trading Up 0.1%

NYSE PH opened at $760.51 on Wednesday. The stock has a market capitalization of $96.24 billion, a P/E ratio of 28.04, a P/E/G ratio of 3.15 and a beta of 1.35. The business has a 50 day simple moving average of $742.51 and a 200 day simple moving average of $673.83. 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 one year low of $488.45 and a one year high of $779.77.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.08 by $0.61. The firm had revenue of $5.24 billion for 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%.The company's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the prior year, the business earned $6.77 EPS. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Research analysts expect that Parker-Hannifin Corporation will post 26.71 earnings per share for the current 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 issued a dividend of $1.80 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $7.20 annualized dividend and a dividend yield of 0.9%. Parker-Hannifin's payout ratio is currently 26.55%.

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.

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.