Hendley & Co. Inc. Has $14.46 Million Stock Position in Parker-Hannifin Corporation $PH

Key Points

• Hendley & Co. Inc. increased its stake in Parker-Hannifin Corporation by 28.6%, bringing its total holdings to valued at $14.46 million.
• A number of institutional investors, including Nuveen LLC and Price T Rowe Associates Inc., have significantly increased their positions in Parker-Hannifin recently, highlighting strong institutional interest in the stock.
• Parker-Hannifin reported $7.69 earnings per share (EPS) for the last quarter, surpassing analysts' expectations and indicating a net margin of 17.79%.

Hendley & Co. Inc. grew its stake in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 28.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,697 shares of the industrial products company's stock after acquiring an additional 4,597 shares during the period. Parker-Hannifin comprises 5.0% of Hendley & Co. Inc.'s investment portfolio, making the stock its 6th biggest position. Hendley & Co. Inc.'s holdings in Parker-Hannifin were worth $14,456,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of PH. Nuveen LLC bought a new position in shares of Parker-Hannifin during the 1st quarter valued at approximately $933,089,000. Price T Rowe Associates Inc. MD grew its position in shares of Parker-Hannifin by 52.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,443,104 shares of the industrial products company's stock valued at $1,485,042,000 after acquiring an additional 842,262 shares during the period. Wellington Management Group LLP grew its position in shares of Parker-Hannifin by 11.6% during the 1st quarter. Wellington Management Group LLP now owns 2,009,250 shares of the industrial products company's stock valued at $1,221,323,000 after acquiring an additional 208,573 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Parker-Hannifin by 23.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 996,738 shares of the industrial products company's stock valued at $605,867,000 after acquiring an additional 191,799 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Parker-Hannifin by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 11,023,764 shares of the industrial products company's stock valued at $6,700,795,000 after buying an additional 168,990 shares in the last quarter. 82.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

PH has been the topic of a number of recent research reports. Cowen restated a "hold" rating on shares of Parker-Hannifin in a research note on Friday, August 29th. Evercore ISI restated an "outperform" rating on shares of Parker-Hannifin in a research note on Tuesday, August 19th. Weiss Ratings restated a "buy (b)" rating on shares of Parker-Hannifin in a research note on Saturday, September 27th. Wall Street Zen upgraded shares of Parker-Hannifin from a "hold" rating to a "buy" rating in a research note on Saturday, September 20th. Finally, Citigroup restated a "buy" rating and set a $831.00 price target (up from $709.00) on shares of Parker-Hannifin in a research note on Monday, July 14th. Fourteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $773.67.

Insider Transactions at Parker-Hannifin

In other news, VP Thomas C. Gentile sold 1,133 shares of the stock in a transaction on Friday, August 8th. The shares were sold at an average price of $729.50, for a total value of $826,523.50. Following the transaction, the vice president owned 5,465 shares of the company's stock, valued at $3,986,717.50. This represents a 17.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Robert W. Malone sold 2,257 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $730.66, for a total transaction of $1,649,099.62. Following the completion of the transaction, the vice president directly owned 5,866 shares in the company, valued at $4,286,051.56. The trade was a 27.79% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,039 shares of company stock worth $10,356,566. Company insiders own 0.32% of the company's stock.

Parker-Hannifin Stock Performance

NYSE PH opened at $751.00 on Wednesday. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $779.77. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71. The stock has a market capitalization of $95.03 billion, a PE ratio of 27.69, a P/E/G ratio of 3.16 and a beta of 1.35. The company's 50 day simple moving average is $748.30 and its two-hundred day simple moving average is $683.56.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share (EPS) 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 business had revenue of $5.24 billion for the quarter, compared to analysts' expectations of $5.10 billion. During the same period in the prior year, the company posted $6.77 EPS. The business's revenue for the quarter 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. Analysts predict that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were issued a $1.80 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.0%. Parker-Hannifin's dividend payout ratio is presently 26.55%.

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.

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