Parallel Advisors LLC Grows Holdings in Parker-Hannifin Corporation $PH

Key Points

• Parallel Advisors LLC increased its stake in Parker-Hannifin Corporation by 7.8%, bringing its total position to $5.1 million.
• Parker-Hannifin reported better-than-expected quarterly earnings, with an EPS of $7.69 and revenue of $5.24 billion, exceeding analysts' estimates.
• The company recently paid a quarterly dividend of $1.80 per share, representing a 0.9% yield and a payout ratio of 26.55%.

Parallel Advisors LLC increased its position in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 7.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,302 shares of the industrial products company's stock after buying an additional 526 shares during the period. Parallel Advisors LLC's holdings in Parker-Hannifin were worth $5,100,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Wealth Preservation Advisors LLC purchased a new stake in shares of Parker-Hannifin during the 1st quarter valued at about $27,000. Mpwm Advisory Solutions LLC bought a new position in shares of Parker-Hannifin during the fourth quarter valued at approximately $32,000. Saudi Central Bank acquired a new stake in Parker-Hannifin in the first quarter valued at approximately $31,000. Olde Wealth Management LLC acquired a new stake in Parker-Hannifin in the first quarter valued at approximately $35,000. Finally, Chilton Capital Management LLC boosted its stake in Parker-Hannifin by 1,500.0% in the first quarter. Chilton Capital Management LLC now owns 64 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 60 shares in the last quarter. Institutional investors own 82.44% of the company's stock.

Parker-Hannifin Stock Performance

PH traded up $0.26 on Friday, reaching $755.96. The stock had a trading volume of 791,764 shares, compared to its average volume of 586,136. Parker-Hannifin Corporation has a 12-month low of $488.45 and a 12-month high of $779.77. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55. The business's 50-day moving average price is $740.49 and its two-hundred day moving average price is $671.84. The company has a market cap of $96.60 billion, a P/E ratio of 27.87, a price-to-earnings-growth ratio of 3.13 and a beta of 1.35.

Parker-Hannifin (NYSE:PH - Get Free Report) last released its quarterly earnings data 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. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The company had revenue of $5.24 billion during the quarter, compared to analysts' expectations of $5.10 billion. During the same quarter in the previous year, the company earned $6.77 earnings per share. The firm's revenue for the quarter was up 1.1% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Sell-side analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were given a $1.80 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $7.20 annualized dividend and a dividend yield of 1.0%. Parker-Hannifin's dividend payout ratio (DPR) is 26.55%.

Insiders Place Their Bets

In related news, VP Matthew A. Jacobson sold 575 shares of the business's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $733.06, for a total transaction of $421,509.50. Following the transaction, the vice president directly owned 1,000 shares in the company, valued at approximately $733,060. The trade was a 36.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Robert W. Malone sold 2,257 shares of the business's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $730.66, for a total transaction of $1,649,099.62. Following the transaction, the vice president owned 5,866 shares in the company, valued at $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. Over the last quarter, insiders have sold 14,039 shares of company stock valued at $10,356,566. 0.39% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

PH has been the subject of several recent analyst reports. Citigroup restated a "buy" rating and issued a $831.00 target price (up from $709.00) on shares of Parker-Hannifin in a research note on Monday, July 14th. Wall Street Zen raised shares of Parker-Hannifin from a "hold" rating to a "buy" rating in a report on Saturday. Cowen reaffirmed a "hold" rating on shares of Parker-Hannifin in a report on Friday, August 29th. Morgan Stanley raised their price target 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. Finally, KeyCorp raised their price target on shares of Parker-Hannifin from $790.00 to $810.00 and gave the stock an "overweight" rating in a report 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. According to MarketBeat, Parker-Hannifin currently has an average rating of "Moderate Buy" and an average price target of $770.94.

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.