NewEdge Advisors LLC Has $8.31 Million Position in Parker-Hannifin Corporation $PH

Key Points

• NewEdge Advisors LLC increased its stake in Parker-Hannifin Corporation by 4.7% in Q1, owning 13,677 shares worth approximately $8.31 million as of its latest filing.
• Parker-Hannifin's quarterly earnings showed an EPS of $7.69, exceeding estimates, and a revenue of $5.24 billion, indicating a 1.1% year-over-year increase.
• The company has announced a quarterly dividend of $1.80 per share, with a yield of 0.9%, set to be paid on September 12th.

NewEdge Advisors LLC increased its holdings in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 4.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,677 shares of the industrial products company's stock after acquiring an additional 618 shares during the quarter. NewEdge Advisors LLC's holdings in Parker-Hannifin were worth $8,314,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PH. Wealth Preservation Advisors LLC acquired a new position in shares of Parker-Hannifin during the 1st quarter worth approximately $27,000. Saudi Central Bank acquired a new position in shares of Parker-Hannifin during the 1st quarter worth approximately $31,000. Mpwm Advisory Solutions LLC acquired a new position in shares of Parker-Hannifin during the 4th quarter worth approximately $32,000. Olde Wealth Management LLC acquired a new position in shares of Parker-Hannifin during the 1st quarter worth approximately $35,000. Finally, Chilton Capital Management LLC increased its holdings in shares of Parker-Hannifin by 1,500.0% during the 1st quarter. Chilton Capital Management LLC now owns 64 shares of the industrial products company's stock worth $39,000 after acquiring an additional 60 shares during the last quarter. 82.44% of the stock is owned by institutional investors and hedge funds.

Parker-Hannifin Price Performance

Shares of NYSE:PH traded down $9.59 during trading on Friday, reaching $760.08. 463,454 shares of the company traded hands, compared to its average volume of 581,947. The company's 50 day moving average is $736.22 and its two-hundred day moving average is $668.41. The firm has a market capitalization of $97.12 billion, a PE ratio of 28.03, a PEG ratio of 3.19 and a beta of 1.35. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 0.55. Parker-Hannifin Corporation has a 52 week low of $488.45 and a 52 week high of $779.77.

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

Parker-Hannifin Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were given a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Tuesday, September 2nd. Parker-Hannifin's dividend payout ratio is currently 26.55%.

Insider Buying and Selling at Parker-Hannifin

In related news, VP Matthew A. Jacobson sold 575 shares of the company's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $733.06, for a total transaction of $421,509.50. Following the completion of the sale, the vice president directly owned 1,000 shares in the company, valued at $733,060. This represents a 36.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Andrew D. Ross sold 4,361 shares of the company's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $732.66, for a total value of $3,195,130.26. Following the sale, the chief operating officer owned 13,120 shares of the company's stock, valued at approximately $9,612,499.20. This represents a 24.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,039 shares of company stock worth $10,356,566 over the last quarter. 0.39% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

PH has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered Parker-Hannifin from a "buy" rating to a "hold" rating and set a $809.00 target price on the stock. in a report on Thursday, September 4th. Wells Fargo & Company boosted their price target on Parker-Hannifin from $770.00 to $800.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. KeyCorp boosted their price target on Parker-Hannifin from $790.00 to $810.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Susquehanna initiated coverage on Parker-Hannifin in a research note on Friday, August 15th. They issued a "positive" rating and a $860.00 price target for the company. Finally, Citigroup restated a "buy" rating and issued a $831.00 price target (up from $709.00) on shares of Parker-Hannifin in a research note on Monday, July 14th. Thirteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $770.94.

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.