Great Lakes Advisors LLC Sells 3,178 Shares of Parker-Hannifin Corporation $PH

Key Points

• Great Lakes Advisors LLC reduced its holdings in Parker-Hannifin Corporation by 1.5%, now owning 208,962 shares, which constitutes approximately 1.1% of its investment portfolio.
• Parker-Hannifin reported $7.69 EPS for the last quarter, surpassing the consensus estimate, and has set its FY 2026 guidance at 28.400-29.400 EPS.
• The company's board declared a quarterly dividend of $1.80 per share, which will be paid on September 12th, representing a 0.9% dividend yield.

Great Lakes Advisors LLC reduced its position in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 1.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 208,962 shares of the industrial products company's stock after selling 3,178 shares during the period. Parker-Hannifin comprises 1.1% of Great Lakes Advisors LLC's investment portfolio, making the stock its 18th largest holding. Great Lakes Advisors LLC owned approximately 0.16% of Parker-Hannifin worth $126,989,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealth Preservation Advisors LLC bought a new stake in shares of Parker-Hannifin during the first quarter worth about $27,000. Mpwm Advisory Solutions LLC bought a new stake in Parker-Hannifin in the fourth quarter valued at approximately $32,000. Saudi Central Bank bought a new stake in Parker-Hannifin in the first quarter valued at approximately $31,000. Olde Wealth Management LLC bought a new stake in Parker-Hannifin in the first quarter valued at approximately $35,000. Finally, Chilton Capital Management LLC boosted its holdings in Parker-Hannifin by 1,500.0% in the first 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 last quarter. 82.44% of the stock is currently owned by institutional investors.

Parker-Hannifin Trading Down 1.2%

Shares of Parker-Hannifin stock traded down $9.59 on Friday, reaching $760.08. 463,454 shares of the company's stock were exchanged, compared to its average volume of 581,947. 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 Corporation has a 52 week low of $488.45 and a 52 week high of $779.77. The firm's 50-day moving average is $736.22 and its two-hundred day moving average is $668.36. The company has a market capitalization of $97.12 billion, a P/E ratio of 28.03, a price-to-earnings-growth ratio of 3.19 and a beta of 1.35.

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

Parker-Hannifin Announces Dividend

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

Analyst Ratings Changes

PH has been the topic of several analyst reports. KeyCorp upped their target price on Parker-Hannifin from $790.00 to $810.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Cowen reiterated a "hold" rating on shares of Parker-Hannifin in a report on Friday, August 29th. Barclays upped their target price on Parker-Hannifin from $750.00 to $776.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Wall Street Zen cut Parker-Hannifin from a "buy" rating to a "hold" rating in a report on Sunday, September 7th. Finally, Wells Fargo & Company increased their price target on Parker-Hannifin from $770.00 to $800.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Thirteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $770.94.

Insiders Place Their Bets

In related news, VP Angela R. Ives sold 810 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $727.36, for a total value 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 transaction was disclosed in a filing 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 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 owned 5,866 shares of the company's stock, valued at $4,286,051.56. This trade represents a 27.79% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,039 shares of company stock worth $10,356,566 in the last three months. 0.39% of the stock is owned by corporate insiders.

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.