Integrated Wealth Concepts LLC Buys 1,621 Shares of Parker-Hannifin Corporation $PH

Key Points

• Integrated Wealth Concepts increased its Parker-Hannifin position by 86.1% in the second quarter, adding 1,621 shares for a total holding of 3,503 shares valued at approximately $3.43 million. Institutional investors collectively own 82.44% of the stock.
• Parker-Hannifin reported quarterly EPS of $9.27, beating estimates by $0.96, while revenue rose 9.8% year over year to $5.75 billion. The company also issued fiscal 2027 EPS guidance of $34.25–$35.25.
• Analyst sentiment remains favorable, with 17 Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $1,114.55. Parker-Hannifin declared a quarterly dividend of $2.00 per share, representing an annualized yield of 0.8%.

Integrated Wealth Concepts LLC lifted its position in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 86.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 3,503 shares of the industrial products company's stock after purchasing an additional 1,621 shares during the period. Integrated Wealth Concepts LLC's holdings in Parker-Hannifin were worth $3,426,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Archer Investment Corp purchased a new position in shares of Parker-Hannifin in the second quarter valued at about $28,000. Texas Capital Bancshares Inc TX purchased a new stake in shares of Parker-Hannifin during the third quarter worth about $25,000. Lloyd Advisory Services LLC. purchased a new stake in shares of Parker-Hannifin during the fourth quarter worth about $31,000. NFSG Corp grew its stake in shares of Parker-Hannifin by 94.4% in the first quarter. NFSG Corp now owns 35 shares of the industrial products company's stock worth $31,000 after purchasing an additional 17 shares during the last quarter. Finally, Bell Investment Advisors Inc purchased a new position in Parker-Hannifin during the 2nd quarter valued at about $35,000. 82.44% of the stock is owned by hedge funds and other institutional investors.

Parker-Hannifin Price Performance

Shares of PH stock opened at $950.36 on Monday. The stock has a market cap of $119.79 billion, a price-to-earnings ratio of 33.36, a PEG ratio of 2.96 and a beta of 1.13. The business's fifty day moving average is $989.63 and its 200 day moving average is $947.06. Parker-Hannifin Corporation has a twelve month low of $715.37 and a twelve month high of $1,099.94. The company has a quick ratio of 0.74, a current ratio of 1.26 and a debt-to-equity ratio of 0.44.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The industrial products company reported $9.27 EPS for the quarter, beating the consensus estimate of $8.31 by $0.96. Parker-Hannifin had a return on equity of 28.48% and a net margin of 16.97%.The business had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.57 billion. During the same quarter last year, the firm posted $7.69 earnings per share. The company's revenue for the quarter was up 9.8% on a year-over-year basis. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. Research analysts expect that Parker-Hannifin Corporation will post 34.95 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Monday, August 31st were given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Monday, August 31st. Parker-Hannifin's dividend payout ratio (DPR) is 28.08%.

Insider Transactions at Parker-Hannifin

In related news, VP Berend Bracht sold 602 shares of the business's stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $1,040.47, for a total transaction of $626,362.94. Following the sale, the vice president owned 4,399 shares of the company's stock, valued at $4,577,027.53. The trade was a 12.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.32% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

PH has been the subject of a number of recent analyst reports. Truist Financial upped their price target on Parker-Hannifin from $1,269.00 to $1,358.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Stifel Nicolaus set a $1,075.00 price objective on Parker-Hannifin in a research report on Friday, August 7th. BMO Capital Markets reissued an "outperform" rating and set a $1,214.00 target price on shares of Parker-Hannifin in a research note on Friday, August 7th. Wall Street Zen downgraded Parker-Hannifin from a "buy" rating to a "hold" rating in a report on Saturday, August 22nd. Finally, Citigroup lifted their price target on shares of Parker-Hannifin from $1,141.00 to $1,232.00 and gave the company a "buy" rating in a report on Friday, August 7th. Seventeen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $1,114.55.

About Parker-Hannifin

Parker-Hannifin Corporation NYSE: PH is a diversified manufacturer of motion and control technologies. The company develops and produces systems and components that manage the movement and flow of liquids, gases and other materials for industrial, mobile and aerospace applications.

Its products include hydraulic and pneumatic systems, fluid connectors, filtration and process-control equipment, electromechanical technologies, seals, thermal-management solutions and aerospace systems. Parker-Hannifin serves manufacturers and operators in markets such as factory automation, transportation, energy, construction, life sciences and aviation.

Founded in 1917, Parker-Hannifin is headquartered in Cleveland, Ohio, and serves customers through manufacturing, distribution and sales operations across North America, Europe, Asia and other international markets.

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