Inspire Investing LLC Reduces Stock Position in Parker-Hannifin Corporation $PH

Key Points

• Inspire Investing LLC reduced its stake in Parker-Hannifin Corporation by 4.0% in the second quarter, lowering its holdings to 11,890 shares worth approximately $8.3 million.
• Parker-Hannifin announced earnings of $7.69 per share for the most recent quarter, surpassing estimates and reporting revenue growth of 1.1% year-over-year to $5.24 billion.
• The company recently declared a quarterly dividend of $1.80 per share, translating to a 1.0% dividend yield and a payout ratio of 26.55%.

Inspire Investing LLC reduced its position in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 4.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,890 shares of the industrial products company's stock after selling 496 shares during the period. Parker-Hannifin accounts for approximately 0.9% of Inspire Investing LLC's portfolio, making the stock its 16th largest position. Inspire Investing LLC's holdings in Parker-Hannifin were worth $8,305,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Wealth Preservation Advisors LLC purchased a new stake in Parker-Hannifin in the first quarter worth about $27,000. Saudi Central Bank purchased a new stake in Parker-Hannifin in the first quarter worth about $31,000. Olde Wealth Management LLC purchased a new stake in Parker-Hannifin in the first quarter worth about $35,000. Chilton Capital Management LLC lifted 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 worth $39,000 after buying an additional 60 shares during the period. Finally, Accent Capital Management LLC purchased a new stake in Parker-Hannifin in the first quarter worth about $41,000. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Parker-Hannifin Price Performance

Shares of PH opened at $716.31 on Friday. The company has a market capitalization of $90.64 billion, a P/E ratio of 26.41, a price-to-earnings-growth ratio of 3.06 and a beta of 1.35. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 0.55. The firm has a 50 day moving average of $748.97 and a 200 day moving average of $685.15. Parker-Hannifin Corporation has a twelve month low of $488.45 and a twelve month high of $779.77.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share for the quarter, beating the consensus estimate 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%. The firm's quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm earned $6.77 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, equities research analysts anticipate that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors 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 annualized dividend and a dividend yield of 1.0%. Parker-Hannifin's dividend payout ratio (DPR) is 26.55%.

Insider Activity at Parker-Hannifin

In other Parker-Hannifin news, VP Angela R. Ives sold 810 shares of Parker-Hannifin 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 sale, the vice president owned 2,798 shares of the company's stock, valued at approximately $2,035,153.28. The trade was a 22.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Matthew A. Jacobson sold 575 shares of Parker-Hannifin stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $733.06, for a total transaction of $421,509.50. Following the completion of the sale, the vice president directly owned 1,000 shares of the company's stock, valued at approximately $733,060. This trade represents a 36.51% 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 over the last ninety days. Corporate insiders own 0.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Raymond James Financial raised their price objective on shares of Parker-Hannifin from $735.00 to $845.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Wells Fargo & Company lifted their target price on shares of Parker-Hannifin from $800.00 to $840.00 and gave the company an "overweight" rating in a report on Monday, October 6th. Barclays lifted their target price on shares of Parker-Hannifin from $776.00 to $785.00 and gave the company an "overweight" rating in a report on Wednesday, October 1st. Wall Street Zen upgraded shares of Parker-Hannifin from a "hold" rating to a "buy" rating in a report on Saturday, September 20th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Parker-Hannifin from a "buy" rating to a "hold" rating and set a $809.00 target price for the company. in a report on Thursday, September 4th. Fourteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $786.78.

Parker-Hannifin Company 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.

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.