Parker-Hannifin Corporation $PH Shares Acquired by Flputnam Investment Management Co.

Key Points

• Flputnam Investment Management Co. increased its stake in Parker-Hannifin Corporation by 111.9%, purchasing an additional 8,491 shares, bringing its total holdings to 16,077 shares valued at approximately $9.77 million.
• Several institutional investors, including Vanguard Group and Price T Rowe Associates, also raised their stakes in Parker-Hannifin, reflecting growing interest among hedge funds.
• Parker-Hannifin announced a quarterly dividend of $1.80 per share, which will be paid to shareholders on record as of September 2nd, indicating a strong commitment to returning value to shareholders.

Flputnam Investment Management Co. boosted its stake in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 111.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 16,077 shares of the industrial products company's stock after acquiring an additional 8,491 shares during the quarter. Flputnam Investment Management Co.'s holdings in Parker-Hannifin were worth $9,773,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. MAI Capital Management grew its stake in Parker-Hannifin by 1.0% in the 1st quarter. MAI Capital Management now owns 9,176 shares of the industrial products company's stock valued at $5,577,000 after acquiring an additional 87 shares during the period. Nomura Holdings Inc. grew its stake in Parker-Hannifin by 170.3% in the 1st quarter. Nomura Holdings Inc. now owns 4,057 shares of the industrial products company's stock valued at $2,466,000 after acquiring an additional 9,829 shares during the period. Saudi Central Bank acquired a new stake in Parker-Hannifin in the 1st quarter valued at $31,000. Baird Financial Group Inc. grew its stake in Parker-Hannifin by 5.6% in the 1st quarter. Baird Financial Group Inc. now owns 846,899 shares of the industrial products company's stock valued at $514,788,000 after acquiring an additional 44,675 shares during the period. Finally, Pinnacle Wealth Planning Services Inc. grew its stake in Parker-Hannifin by 1.2% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 1,630 shares of the industrial products company's stock valued at $991,000 after acquiring an additional 20 shares during the period. Institutional investors and hedge funds own 82.44% of the company's stock.

Parker-Hannifin Trading Up 0.2%

Shares of PH stock traded up $1.67 on Friday, hitting $758.63. 520,224 shares of the stock traded hands, compared to its average volume of 616,179. The firm's 50-day moving average price is $731.05 and its two-hundred day moving average price is $665.39. 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 stock has a market capitalization of $96.94 billion, a PE ratio of 27.97, a PEG ratio of 3.14 and a beta of 1.35. Parker-Hannifin Corporation has a twelve month low of $488.45 and a twelve month high of $773.30.

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

Parker-Hannifin Announces Dividend

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

Analysts Set New Price Targets

PH has been the topic of a number of research analyst reports. Cowen reissued a "hold" rating on shares of Parker-Hannifin in a research note on Friday, August 29th. Wall Street Zen raised shares of Parker-Hannifin from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Susquehanna started coverage on shares of Parker-Hannifin in a research note on Friday, August 15th. They set a "positive" rating and a $860.00 target price on the stock. Stifel Nicolaus lifted their target price on shares of Parker-Hannifin from $717.00 to $726.00 and gave the stock a "hold" rating in a research note on Friday, August 8th. Finally, Morgan Stanley lifted their target price on shares of Parker-Hannifin from $700.00 to $725.00 and gave the stock an "equal weight" rating in a research note 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's stock. According to MarketBeat, Parker-Hannifin has an average rating of "Moderate Buy" and a consensus price target of $770.94.

Insider Transactions at Parker-Hannifin

In other Parker-Hannifin news, 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 sale, the vice president directly owned 5,866 shares in the company, valued at $4,286,051.56. This represents a 27.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joseph R. Leonti sold 4,625 shares of the business's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $750.84, for a total transaction of $3,472,635.00. Following the sale, the executive vice president owned 13,878 shares in the company, valued at $10,420,157.52. This trade represents a 25.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,039 shares of company stock worth $10,356,566 in the last 90 days. 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.