Parker-Hannifin Corporation $PH Shares Bought by Harvest Portfolios Group Inc.

Key Points

• Harvest Portfolios Group Inc. increased its stake in Parker-Hannifin Corporation by 16.6%, acquiring 402 additional shares during the 1st quarter, bringing its total holdings to 2,822 shares worth approximately $1,715,000.
• Parker-Hannifin reported $7.69 earnings per share for the last quarter, surpassing analysts' expectations, and provided guidance for FY 2026 with an expected EPS range of 28.400-29.400.
• The company recently announced a quarterly dividend of $1.80 per share, equating to an annualized dividend yield of 0.9%, with a payout ratio of 26.55%.

Harvest Portfolios Group Inc. raised its holdings in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 16.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,822 shares of the industrial products company's stock after purchasing an additional 402 shares during the quarter. Harvest Portfolios Group Inc.'s holdings in Parker-Hannifin were worth $1,715,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its holdings in Parker-Hannifin by 27.2% in the first quarter. SG Americas Securities LLC now owns 31,011 shares of the industrial products company's stock valued at $18,850,000 after purchasing an additional 6,630 shares during the last quarter. Alley Investment Management Company LLC acquired a new position in shares of Parker-Hannifin in the first quarter worth about $7,996,000. Community Financial Services Group LLC raised its position in shares of Parker-Hannifin by 1,338.2% in the first quarter. Community Financial Services Group LLC now owns 6,630 shares of the industrial products company's stock worth $4,030,000 after acquiring an additional 6,169 shares during the period. Heartland Bank & Trust Co acquired a new position in shares of Parker-Hannifin in the first quarter worth about $260,000. Finally, Banco Santander S.A. raised its position in shares of Parker-Hannifin by 70.2% in the first quarter. Banco Santander S.A. now owns 35,645 shares of the industrial products company's stock worth $21,667,000 after acquiring an additional 14,705 shares during the period. 82.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Susquehanna assumed coverage on shares of Parker-Hannifin in a research report on Friday, August 15th. They issued a "positive" rating and a $860.00 price objective for the company. Raymond James Financial upped their price objective on shares of Parker-Hannifin from $735.00 to $845.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Parker-Hannifin in a research report on Friday, August 8th. Stifel Nicolaus upped their price target on shares of Parker-Hannifin from $717.00 to $726.00 and gave the stock a "hold" rating in a research report on Friday, August 8th. Finally, Evercore ISI restated an "outperform" rating on shares of Parker-Hannifin in a research report on Tuesday, August 19th. Fourteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $768.71.

Insider Activity

In related news, COO Andrew D. Ross sold 4,361 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $732.66, for a total transaction of $3,195,130.26. Following the completion of the transaction, the chief operating officer owned 13,120 shares of the company's stock, valued at approximately $9,612,499.20. This trade represents a 24.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Angela R. Ives sold 810 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $727.36, for a total transaction of $589,161.60. Following the transaction, the vice president directly owned 2,798 shares of the company's stock, valued at $2,035,153.28. The trade was a 22.45% decrease in their position. The disclosure for this sale can be found here. Insiders have 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 currently owned by corporate insiders.

Parker-Hannifin Price Performance

PH stock traded down $7.08 during mid-day trading on Friday, reaching $759.76. The company's stock had a trading volume of 890,872 shares, compared to its average volume of 792,477. The stock has a market cap of $97.08 billion, a PE ratio of 28.01, a P/E/G ratio of 3.18 and a beta of 1.37. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55. Parker-Hannifin Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $773.30. The company's 50 day moving average is $723.76 and its two-hundred day moving average is $663.28.

Parker-Hannifin (NYSE:PH - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 EPS for the quarter, beating analysts' consensus estimates of $7.08 by $0.61. The company had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.10 billion. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. Parker-Hannifin's quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.77 EPS. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Equities research analysts expect 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 given 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 presently 26.55%.

Parker-Hannifin 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.