Inspire Investing LLC Has $7.53 Million Holdings in Parker-Hannifin Corporation $PH

Key Points

• Inspire Investing LLC increased its stake in Parker-Hannifin Corporation by 5.1%, bringing its holdings to 12,386 shares worth approximately $7.53 million.
• Parker-Hannifin has received several analyst upgrades, with average price targets rising significantly; for instance, Citigroup raised its target from $709 to $831.
• The company announced a quarterly dividend of $1.80 per share, reflecting a 0.9% yield, with a payout ratio of 26.55%.

Inspire Investing LLC lifted its stake in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 5.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,386 shares of the industrial products company's stock after purchasing an additional 596 shares during the quarter. Parker-Hannifin accounts for about 0.9% of Inspire Investing LLC's investment portfolio, making the stock its 15th largest holding. Inspire Investing LLC's holdings in Parker-Hannifin were worth $7,529,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wealth Preservation Advisors LLC acquired a new stake in shares of Parker-Hannifin during the first quarter valued at approximately $27,000. Saudi Central Bank purchased a new position in Parker-Hannifin during the 1st quarter worth approximately $31,000. Mpwm Advisory Solutions LLC acquired a new stake in Parker-Hannifin during the 4th quarter valued at $32,000. Olde Wealth Management LLC purchased a new stake in shares of Parker-Hannifin in the first quarter valued at $35,000. Finally, Chilton Capital Management LLC boosted its position in shares of 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 worth $39,000 after buying an additional 60 shares during the period. Institutional investors and hedge funds own 82.44% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on PH shares. Citigroup reissued a "buy" rating and issued a $831.00 price objective (up from $709.00) on shares of Parker-Hannifin in a research note on Monday, July 14th. Susquehanna assumed coverage on shares of Parker-Hannifin in a report on Friday, August 15th. They set a "positive" rating and a $860.00 price target for the company. Raymond James Financial upped their price objective on shares of Parker-Hannifin from $735.00 to $845.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Evercore ISI reissued an "outperform" rating on shares of Parker-Hannifin in a research note on Tuesday, August 19th. Finally, Morgan Stanley boosted their price target on shares of Parker-Hannifin from $700.00 to $725.00 and gave the company an "equal weight" rating in a report on Wednesday, July 9th. Thirteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $770.94.

Insiders Place Their Bets

In related news, VP Matthew A. Jacobson sold 575 shares of Parker-Hannifin stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $733.06, for a total transaction of $421,509.50. Following the sale, the vice president directly owned 1,000 shares of the company's stock, valued at $733,060. This trade represents a 36.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Angela R. Ives sold 810 shares of the company's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $727.36, for a total value of $589,161.60. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold 14,039 shares of company stock valued at $10,356,566 in the last quarter. 0.39% of the stock is currently owned by insiders.

Parker-Hannifin Stock Performance

Parker-Hannifin stock traded up $1.47 on Monday, reaching $760.25. 544,489 shares of the stock were exchanged, compared to its average volume of 737,215. The firm has a fifty day moving average price of $736.22 and a two-hundred day moving average price of $668.50. Parker-Hannifin Corporation has a twelve month low of $488.45 and a twelve month high of $779.77. The stock has a market cap of $97.14 billion, a PE ratio of 28.03, a PEG ratio of 3.14 and a beta of 1.35. 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 (NYSE:PH - Get Free Report) last announced its quarterly earnings data 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 the consensus estimate of $5.10 billion. During the same quarter last year, the company posted $6.77 earnings per share. Parker-Hannifin's quarterly revenue 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 anticipate that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were given a dividend of $1.80 per share. 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 0.9%. Parker-Hannifin's dividend payout ratio is currently 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.