Mission Creek Capital Partners Inc. Sells 480 Shares of Parker-Hannifin Corporation $PH

Key Points

• Mission Creek Capital Partners Inc. reduced its holdings in Parker-Hannifin Corporation by 51.3% in the first quarter, selling 480 shares and leaving them with 455 shares valued at $277,000.
• Several institutional investors, including Wealth Preservation Advisors LLC and Chilton Capital Management LLC, have made significant changes to their stakes in Parker-Hannifin, reflecting a robust interest in the company.
• Parker-Hannifin's quarterly earnings surpassed analysts' expectations, reporting $7.69 EPS compared to the consensus estimate of $7.08, alongside a revenue increase to $5.24 billion.

Mission Creek Capital Partners Inc. lowered its stake in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 51.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 455 shares of the industrial products company's stock after selling 480 shares during the quarter. Mission Creek Capital Partners Inc.'s holdings in Parker-Hannifin were worth $277,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. GAMMA Investing LLC grew its stake in shares of Parker-Hannifin by 66,111.8% in the 1st quarter. GAMMA Investing LLC now owns 1,735,412 shares of the industrial products company's stock worth $1,054,870,000 after acquiring an additional 1,732,791 shares in the last quarter. Nuveen LLC purchased a new position in Parker-Hannifin during the first quarter worth about $933,089,000. Royal Bank of Canada boosted its holdings in Parker-Hannifin by 99.8% during the fourth quarter. Royal Bank of Canada now owns 2,277,001 shares of the industrial products company's stock worth $1,448,241,000 after purchasing an additional 1,137,564 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Parker-Hannifin by 52.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,443,104 shares of the industrial products company's stock worth $1,485,042,000 after purchasing an additional 842,262 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp increased its stake in Parker-Hannifin by 6,912.4% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 312,472 shares of the industrial products company's stock valued at $198,742,000 after buying an additional 308,016 shares during the last quarter. 82.44% of the stock is currently owned by institutional investors.

Parker-Hannifin Stock Performance

Shares of PH traded down $7.08 during mid-day trading on Monday, hitting $759.76. The stock had a trading volume of 890,872 shares, compared to its average volume of 791,841. Parker-Hannifin Corporation has a 52 week low of $488.45 and a 52 week high of $773.30. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71. The business has a fifty day moving average price of $723.76 and a 200-day moving average price of $662.96. The firm has a market cap of $97.08 billion, a P/E ratio of 28.01, a PEG ratio of 3.15 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 the consensus estimate of $7.08 by $0.61. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The company had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter in the prior year, the company earned $6.77 EPS. The firm's quarterly 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. On average, equities research analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd will be given a $1.80 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $7.20 annualized dividend and a dividend yield of 0.9%. Parker-Hannifin's payout ratio is 26.55%.

Insider Activity at Parker-Hannifin

In other Parker-Hannifin news, COO Andrew D. Ross sold 4,361 shares of the business's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $732.66, for a total transaction of $3,195,130.26. Following the sale, the chief operating officer owned 13,120 shares of the company's stock, valued at $9,612,499.20. The trade was a 24.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Matthew A. Jacobson sold 575 shares of the firm's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $733.06, for a total value of $421,509.50. Following the completion of the transaction, the vice president directly owned 1,000 shares of the company's stock, valued at $733,060. The trade was a 36.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,039 shares of company stock worth $10,356,566 in the last ninety days. Insiders own 0.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Parker-Hannifin in a research note on Friday, August 8th. 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 for the company. KeyCorp lifted their target price on Parker-Hannifin from $790.00 to $810.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Barclays boosted their price target on shares of Parker-Hannifin from $750.00 to $776.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Finally, Morgan Stanley raised their price objective on shares of Parker-Hannifin from $700.00 to $725.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 9th. Fourteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $768.71.

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.