Guggenheim Capital LLC Decreases Stock Holdings in Parker-Hannifin Corporation $PH

Key Points

• Guggenheim Capital LLC has reduced its stake in Parker-Hannifin Corporation by 23.9%, selling 7,067 shares and now holds 22,474 shares valued at approximately $13.66 million.
• Parker-Hannifin's recent earnings report showed earnings of $7.69 EPS, exceeding expectations, along with a quarterly revenue of $5.24 billion—up 1.1% year-over-year.
• The company has announced a quarterly dividend of $1.80 per share to be paid on September 12th, representing an annualized dividend of $7.20 with a yield of 0.9%.

Guggenheim Capital LLC lowered its stake in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 23.9% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 22,474 shares of the industrial products company's stock after selling 7,067 shares during the period. Guggenheim Capital LLC's holdings in Parker-Hannifin were worth $13,661,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC bought a new position in Parker-Hannifin during the fourth quarter valued at approximately $32,000. Olde Wealth Management LLC bought a new stake in Parker-Hannifin in the 1st quarter worth approximately $35,000. Chilton Capital Management LLC increased its position in Parker-Hannifin by 1,500.0% during 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. Accent Capital Management LLC bought a new position in Parker-Hannifin in the first quarter valued at about $41,000. Finally, Sierra Ocean LLC boosted its position in Parker-Hannifin by 89.5% in the first quarter. Sierra Ocean LLC now owns 72 shares of the industrial products company's stock worth $44,000 after purchasing an additional 34 shares during the last quarter. 82.44% of the stock is currently owned by institutional investors.

Parker-Hannifin Stock Performance

Shares of NYSE PH opened at $768.00 on Thursday. The stock has a market cap of $98.13 billion, a PE ratio of 28.32, a price-to-earnings-growth ratio of 3.16 and a beta of 1.37. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $768.45. The firm has a fifty day moving average price of $719.30 and a 200-day moving average price of $662.14. 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 (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 the consensus estimate of $7.08 by $0.61. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The company had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter in the prior year, the firm posted $6.77 EPS. Parker-Hannifin's quarterly revenue was up 1.1% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Equities analysts anticipate that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

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

Analysts Set New Price Targets

PH has been the subject of several research reports. Stifel Nicolaus upped their price target on shares of Parker-Hannifin from $717.00 to $726.00 and gave the company a "hold" rating in a research report on Friday, August 8th. Argus set a $680.00 target price on shares of Parker-Hannifin in a research report on Tuesday, May 6th. Mizuho set a $785.00 target price on shares of Parker-Hannifin in a report on Friday, May 16th. Barclays lifted 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. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Parker-Hannifin in a research report on Friday, August 8th. Fourteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Parker-Hannifin has a consensus rating of "Moderate Buy" and a consensus price target of $768.71.

Insider Activity at Parker-Hannifin

In related news, VP Robert W. Malone sold 2,257 shares of the business's stock in a transaction that occurred 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Angela R. Ives sold 810 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $727.36, for a total transaction of $589,161.60. Following the sale, the vice president directly owned 2,798 shares of the company's stock, valued at approximately $2,035,153.28. This trade represents a 22.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,039 shares of company stock worth $10,356,566 in the last three months. Corporate insiders own 0.39% of the company's stock.

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.

Want to see what other hedge funds are holding PH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Parker-Hannifin Corporation (NYSE:PH - Free Report).

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.