Marshall Financial Group LLC Makes New $981,000 Investment in Parker-Hannifin Corporation $PH

Key Points

• Marshall Financial Group LLC acquired a new stake in Parker-Hannifin Corporation, purchasing 1,389 shares valued at approximately $981,000.
• Parker-Hannifin recently experienced several insider sales, with VP Robert W. Malone and VP Angela R. Ives selling a total of 3,067 shares, representing significant decreases in their ownership.
• Research analysts' ratings for Parker-Hannifin have been mixed, with Deutsche Bank lowering its rating to "hold," while others, like Citigroup and Raymond James, maintain "buy" ratings with increased price targets.

Marshall Financial Group LLC acquired a new stake in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,389 shares of the industrial products company's stock, valued at approximately $981,000.

A number of other hedge funds also recently bought and sold shares of the company. Cascade Financial Partners LLC lifted its stake in Parker-Hannifin by 3.1% during the first quarter. Cascade Financial Partners LLC now owns 498 shares of the industrial products company's stock valued at $303,000 after buying an additional 15 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its stake in Parker-Hannifin by 0.8% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,814 shares of the industrial products company's stock valued at $1,103,000 after buying an additional 15 shares in the last quarter. Empowered Funds LLC lifted its stake in Parker-Hannifin by 0.5% during the first quarter. Empowered Funds LLC now owns 2,894 shares of the industrial products company's stock valued at $1,759,000 after buying an additional 15 shares in the last quarter. Sivia Capital Partners LLC lifted its position in shares of Parker-Hannifin by 3.6% in the second quarter. Sivia Capital Partners LLC now owns 430 shares of the industrial products company's stock worth $300,000 after purchasing an additional 15 shares in the last quarter. Finally, Nicolet Advisory Services LLC lifted its position in shares of Parker-Hannifin by 3.5% in the first quarter. Nicolet Advisory Services LLC now owns 468 shares of the industrial products company's stock worth $262,000 after purchasing an additional 16 shares in the last quarter. 82.44% of the stock is owned by hedge funds and other institutional investors.

Parker-Hannifin Stock Performance

PH traded up $0.26 during trading on Friday, reaching $755.96. 791,764 shares of the company's stock were exchanged, compared to its average volume of 586,136. Parker-Hannifin Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $779.77. 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 business has a 50 day moving average price of $740.49 and a 200 day moving average price of $671.84. The company has a market capitalization of $96.60 billion, a P/E ratio of 27.87, a PEG ratio of 3.13 and a beta of 1.35.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share for the quarter, topping analysts' consensus estimates of $7.08 by $0.61. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The firm had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter in the previous year, the company earned $6.77 earnings per share. The business's revenue 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. As a group, 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 disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were issued 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 1.0%. Parker-Hannifin's dividend payout ratio (DPR) is presently 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 on Friday, August 8th. The stock was sold at an average price of $727.36, for a total transaction 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert W. Malone sold 2,257 shares of Parker-Hannifin stock in a transaction on Friday, August 8th. The shares were sold at an average price of $730.66, for a total value of $1,649,099.62. Following the transaction, the vice president directly owned 5,866 shares of the company's stock, valued at approximately $4,286,051.56. The trade was a 27.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,039 shares of company stock valued at $10,356,566. Insiders own 0.39% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on PH. Morgan Stanley raised their price objective on shares of Parker-Hannifin from $700.00 to $725.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 9th. Raymond James Financial increased their price target on Parker-Hannifin from $735.00 to $845.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Citigroup reiterated a "buy" rating and set a $831.00 price target (up previously from $709.00) on shares of Parker-Hannifin in a report on Monday, July 14th. Wall Street Zen downgraded Parker-Hannifin from a "buy" rating to a "hold" rating in a report on Sunday, September 7th. Finally, Wells Fargo & Company raised their price objective on shares of Parker-Hannifin from $770.00 to $800.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Thirteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $770.94.

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.