Janney Montgomery Scott LLC Increases Position in Parker-Hannifin Corporation $PH

Key Points

• Janney Montgomery Scott LLC increased its stake in Parker-Hannifin Corporation by 40.2% during the 2nd quarter, owning 65,172 shares valued at $45.52 million.
• Parker-Hannifin's most recent earnings report revealed $7.69 earnings per share, exceeding analyst expectations of $7.08, with quarterly revenue up by 1.1% year-over-year.
• The company announced a quarterly dividend of $1.80, representing an annualized basis of $7.20 and a dividend yield of 0.9%.

Janney Montgomery Scott LLC lifted its stake in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 40.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,172 shares of the industrial products company's stock after purchasing an additional 18,696 shares during the period. Janney Montgomery Scott LLC owned 0.05% of Parker-Hannifin worth $45,521,000 as of its most recent SEC filing.

Other institutional investors have 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 1st 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 purchased a new position in shares of Parker-Hannifin during the 1st quarter worth approximately $7,996,000. Community Financial Services Group LLC increased its holdings in Parker-Hannifin by 1,338.2% in the 1st quarter. Community Financial Services Group LLC now owns 6,630 shares of the industrial products company's stock valued at $4,030,000 after purchasing an additional 6,169 shares during the last quarter. Inspire Investing LLC raised its position in Parker-Hannifin by 5.1% in the first quarter. Inspire Investing LLC now owns 12,386 shares of the industrial products company's stock valued at $7,529,000 after purchasing an additional 596 shares during the period. Finally, Heartland Bank & Trust Co acquired a new position in Parker-Hannifin during the first quarter worth $260,000. Hedge funds and other institutional investors own 82.44% of the company's stock.

Parker-Hannifin Trading Up 0.6%

NYSE:PH opened at $758.25 on Wednesday. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $779.77. The stock has a market cap of $95.95 billion, a P/E ratio of 27.96, a P/E/G ratio of 3.12 and a beta of 1.35. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19. The stock has a 50-day simple moving average of $745.86 and a 200-day simple moving average of $678.86.

Parker-Hannifin (NYSE:PH - Get Free Report) last issued its earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share for the quarter, topping the consensus estimate of $7.08 by $0.61. The business had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.10 billion. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The business's quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the company earned $6.77 EPS. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, analysts anticipate that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were given a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, September 2nd. Parker-Hannifin's dividend payout ratio (DPR) is 26.55%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft downgraded Parker-Hannifin from a "buy" rating to a "hold" rating and set a $809.00 price objective on the stock. in a report on Thursday, September 4th. Wall Street Zen raised Parker-Hannifin from a "hold" rating to a "buy" rating in a research report on Saturday, September 20th. Raymond James Financial lifted their target price on Parker-Hannifin from $735.00 to $845.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Stifel Nicolaus upped their price target on Parker-Hannifin from $717.00 to $726.00 and gave the stock a "hold" rating in a report on Friday, August 8th. Finally, Wells Fargo & Company lifted their price objective on Parker-Hannifin from $770.00 to $800.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Thirteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $770.94.

Insider Activity

In related news, VP Angela R. Ives sold 810 shares of the business's stock in a transaction 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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $421,509.50. Following the sale, the vice president owned 1,000 shares in the company, valued at $733,060. This trade represents a 36.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,039 shares of company stock worth $10,356,566 over the last three months. Company insiders own 0.32% of the company's stock.

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.

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