MBB Public Markets I LLC Invests $309,000 in Parker-Hannifin Corporation $PH

Key Points

• MBB Public Markets I LLC invested approximately $309,000 in Parker-Hannifin Corporation during the first quarter, acquiring 509 shares.
• Analysts have rated Parker-Hannifin as a "Moderate Buy" with a consensus price target of $770.94, with several institutions increasing their positions in the company.
• Parker-Hannifin recently declared a quarterly dividend of $1.80 per share, representing a yield of 0.9%, with a low payout ratio of 26.55%.

MBB Public Markets I LLC acquired a new position in Parker-Hannifin Corporation (NYSE:PH - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 509 shares of the industrial products company's stock, valued at approximately $309,000.

Other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC raised its stake in shares of Parker-Hannifin by 27.2% in the first quarter. SG Americas Securities LLC now owns 31,011 shares of the industrial products company's stock worth $18,850,000 after buying an additional 6,630 shares during the period. Alley Investment Management Company LLC bought a new position in shares of Parker-Hannifin in the first quarter worth about $7,996,000. Community Financial Services Group LLC raised its stake in shares of Parker-Hannifin by 1,338.2% in the first quarter. Community Financial Services Group LLC now owns 6,630 shares of the industrial products company's stock worth $4,030,000 after buying an additional 6,169 shares during the period. Heartland Bank & Trust Co bought a new position in shares of Parker-Hannifin in the first quarter worth about $260,000. Finally, Banco Santander S.A. raised its stake in shares of Parker-Hannifin by 70.2% in the first quarter. Banco Santander S.A. now owns 35,645 shares of the industrial products company's stock worth $21,667,000 after buying an additional 14,705 shares during the period. Institutional investors own 82.44% of the company's stock.

Analysts Set New Price Targets

PH has been the topic of several recent research reports. Susquehanna started coverage on Parker-Hannifin in a research note on Friday, August 15th. They issued a "positive" rating and a $860.00 price objective on the stock. Morgan Stanley increased their target price on Parker-Hannifin from $700.00 to $725.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 9th. Evercore ISI reiterated an "outperform" rating on shares of Parker-Hannifin in a research report on Tuesday, August 19th. Deutsche Bank Aktiengesellschaft cut Parker-Hannifin from a "buy" rating to a "hold" rating and set a $809.00 target price for the company. in a research report on Thursday, September 4th. Finally, Raymond James Financial increased their target price on Parker-Hannifin from $735.00 to $845.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Thirteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, Parker-Hannifin has a consensus rating of "Moderate Buy" and an average target price of $770.94.

Parker-Hannifin Stock Performance

NYSE PH opened at $765.52 on Thursday. The stock has a market capitalization of $97.82 billion, a PE ratio of 28.23, a P/E/G ratio of 3.13 and a beta of 1.35. The business has a 50 day simple moving average of $734.38 and a two-hundred day simple moving average of $666.88. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71. Parker-Hannifin Corporation has a 1-year low of $488.45 and a 1-year high of $773.30.

Parker-Hannifin (NYSE:PH - Get Free Report) last released 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 business had revenue of $5.24 billion during the quarter, compared to analysts' expectations of $5.10 billion. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The firm's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $6.77 EPS. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. On average, research analysts predict that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a yield of 0.9%. The ex-dividend date is Tuesday, September 2nd. Parker-Hannifin's dividend payout ratio (DPR) is currently 26.55%.

Insider Buying and Selling at Parker-Hannifin

In other Parker-Hannifin news, VP Thomas C. Gentile sold 1,133 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $729.50, for a total transaction of $826,523.50. Following the completion of the transaction, the vice president owned 5,465 shares in the company, valued at $3,986,717.50. This trade represents a 17.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Robert W. Malone sold 2,257 shares of the firm's stock in a transaction that occurred 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 owned 5,866 shares of the company's stock, valued at $4,286,051.56. This represents a 27.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,039 shares of company stock worth $10,356,566 over the last three months. 0.39% of the stock is owned by company insiders.

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.

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