Glenview Trust co Increases Stake in Parker-Hannifin Corporation $PH

Key Points

• Glenview Trust Co increased its stake in Parker-Hannifin Corporation by 22.4%, now owning 3,114 shares valued at approximately $1.89 million.
• Parker-Hannifin reported $7.69 earnings per share for the last quarter, exceeding analyst expectations of $7.08, with a revenue of $5.24 billion.
• The company announced a quarterly dividend of $1.80 per share, reflecting an annualized yield of 0.9% and a payout ratio of 26.55%.

Glenview Trust co raised its position in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 22.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,114 shares of the industrial products company's stock after buying an additional 569 shares during the period. Glenview Trust co's holdings in Parker-Hannifin were worth $1,893,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in PH. Brighton Jones LLC grew its holdings in Parker-Hannifin by 5.9% in the 4th quarter. Brighton Jones LLC now owns 1,808 shares of the industrial products company's stock worth $1,150,000 after acquiring an additional 101 shares during the last quarter. Bank Pictet & Cie Europe AG grew its holdings in Parker-Hannifin by 0.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 7,259 shares of the industrial products company's stock worth $4,617,000 after acquiring an additional 55 shares during the last quarter. Bison Wealth LLC grew its holdings in Parker-Hannifin by 4.5% in the 4th quarter. Bison Wealth LLC now owns 749 shares of the industrial products company's stock worth $476,000 after acquiring an additional 32 shares during the last quarter. Focus Partners Wealth grew its holdings in Parker-Hannifin by 120.2% in the 4th quarter. Focus Partners Wealth now owns 14,185 shares of the industrial products company's stock worth $9,069,000 after acquiring an additional 7,742 shares during the last quarter. Finally, Group One Trading LLC bought a new stake in Parker-Hannifin in the 4th quarter worth $336,000. Institutional investors own 82.44% of the company's stock.

Parker-Hannifin Price Performance

Shares of NYSE PH opened at $765.52 on Thursday. Parker-Hannifin Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $773.30. The company has a 50 day simple moving average of $734.38 and a two-hundred day simple moving average of $666.88. The company has a market capitalization of $97.82 billion, a price-to-earnings ratio of 28.23, a P/E/G ratio of 3.13 and a beta of 1.35. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced its earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share for the quarter, beating analysts' consensus estimates of $7.08 by $0.61. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The business had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter last year, the firm earned $6.77 earnings per share. 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. Analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PH shares. Stifel Nicolaus raised their price target on shares of Parker-Hannifin from $717.00 to $726.00 and gave the stock a "hold" rating in a report on Friday, August 8th. Morgan Stanley lifted their target price on shares of Parker-Hannifin from $700.00 to $725.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 9th. Wall Street Zen downgraded shares of Parker-Hannifin from a "buy" rating to a "hold" rating in a research note on Sunday. Cowen reissued a "hold" rating on shares of Parker-Hannifin in a research note on Friday, August 29th. Finally, Barclays increased their price target on shares of Parker-Hannifin from $750.00 to $776.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Thirteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $770.94.

Insider Buying and Selling at Parker-Hannifin

In other Parker-Hannifin news, VP Robert W. Malone sold 2,257 shares of Parker-Hannifin stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $730.66, for a total value of $1,649,099.62. Following the completion of the transaction, the vice president directly owned 5,866 shares of the company's stock, valued at approximately $4,286,051.56. The trade was a 27.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Joseph R. Leonti sold 4,625 shares of Parker-Hannifin 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 completion of the transaction, the executive vice president directly owned 13,878 shares of the company's stock, 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. In the last ninety days, insiders have sold 14,039 shares of company stock valued at $10,356,566. 0.39% of the stock is currently owned by company insiders.

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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