FARMERS & MERCHANTS TRUST Co OF LONG BEACH Acquires New Shares in Parker-Hannifin Corporation $PH

Key Points

• Farmers & Merchants Trust Co of Long Beach acquired 1,063 shares of Parker-Hannifin Corporation, valued at approximately $742,000, in the 2nd quarter.
• The company reported $7.69 EPS for its latest quarter, exceeding analysts' expectations of $7.08, with revenue of $5.24 billion.
• Parker-Hannifin declared a $1.80 quarterly dividend, leading to an annualized dividend of $7.20 and a yield of 1.0%.

FARMERS & MERCHANTS TRUST Co OF LONG BEACH bought a new position in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,063 shares of the industrial products company's stock, valued at approximately $742,000.

Other large investors have also modified their holdings of the company. Wealth Preservation Advisors LLC acquired a new stake in shares of Parker-Hannifin during the 1st quarter worth about $27,000. Saudi Central Bank acquired a new position in shares of Parker-Hannifin in the 1st quarter worth approximately $31,000. Olde Wealth Management LLC purchased a new position in shares of Parker-Hannifin during the 1st quarter worth approximately $35,000. Chilton Capital Management LLC increased its holdings 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 purchasing an additional 60 shares during the last quarter. Finally, Accent Capital Management LLC acquired a new stake in Parker-Hannifin in the 1st quarter valued at approximately $41,000. Institutional investors and hedge funds own 82.44% of the company's stock.

Parker-Hannifin Price Performance

PH stock opened at $751.34 on Monday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71. The firm has a market capitalization of $95.07 billion, a P/E ratio of 27.70, a P/E/G ratio of 3.11 and a beta of 1.35. The business's 50-day moving average is $744.31 and its two-hundred day moving average is $677.29. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $779.77.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced 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. The business had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.10 billion. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The business's revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $6.77 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Analysts anticipate that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were given a $1.80 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.0%. Parker-Hannifin's dividend payout ratio is currently 26.55%.

Insiders Place Their Bets

In related news, VP Robert W. Malone sold 2,257 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $730.66, for a total value of $1,649,099.62. Following the transaction, the vice president owned 5,866 shares of the company's stock, valued at $4,286,051.56. This represents a 27.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Joseph R. Leonti sold 4,625 shares of the firm's 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 in the company, valued at approximately $10,420,157.52. This represents a 25.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 14,039 shares of company stock worth $10,356,566. 0.32% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Stifel Nicolaus upped their price target on Parker-Hannifin from $717.00 to $726.00 and gave the stock a "hold" rating in a research note on Friday, August 8th. Wall Street Zen upgraded Parker-Hannifin from a "hold" rating to a "buy" rating in a report on Saturday, September 20th. Cowen restated a "hold" rating on shares of Parker-Hannifin in a report on Friday, August 29th. Susquehanna assumed 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 on the stock. Finally, Barclays raised their price objective on shares of Parker-Hannifin from $750.00 to $776.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. 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, Parker-Hannifin presently has an average rating of "Moderate Buy" and an average target price of $770.94.

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.

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