Parker-Hannifin Corporation $PH Holdings Reduced by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Key Points

• Loring Wolcott & Coolidge Fiduciary Advisors LLP MA has reduced its position in Parker-Hannifin Corporation by 0.2%, now holding 209,040 shares valued at approximately $146 million.
• Recent insider trading revealed a 17.17% decrease in VP Thomas C. Gentile's position after selling 1,133 shares, while VP Robert W. Malone sold 2,257 shares, reducing his ownership by 27.79%.
• Parker-Hannifin reported a quarterly EPS of $7.69, surpassing estimates and showcasing a net margin of 17.79% with a total revenue of $5.24 billion for the quarter.

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA decreased its position in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 0.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 209,040 shares of the industrial products company's stock after selling 512 shares during the period. Parker-Hannifin makes up approximately 1.3% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings, making the stock its 26th biggest position. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned 0.16% of Parker-Hannifin worth $146,008,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of PH. Vanguard Group Inc. boosted its holdings in shares of Parker-Hannifin by 1.6% in the first quarter. Vanguard Group Inc. now owns 11,023,764 shares of the industrial products company's stock valued at $6,700,795,000 after acquiring an additional 168,990 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Parker-Hannifin by 52.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,443,104 shares of the industrial products company's stock valued at $1,485,042,000 after acquiring an additional 842,262 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Parker-Hannifin by 11.6% in the first quarter. Wellington Management Group LLP now owns 2,009,250 shares of the industrial products company's stock valued at $1,221,323,000 after acquiring an additional 208,573 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Parker-Hannifin by 0.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,594,347 shares of the industrial products company's stock valued at $969,124,000 after acquiring an additional 11,815 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of Parker-Hannifin in the first quarter valued at approximately $933,089,000. Institutional investors own 82.44% of the company's stock.

Insider Activity at Parker-Hannifin

In related news, VP Thomas C. Gentile sold 1,133 shares of the firm's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $729.50, for a total value of $826,523.50. Following the transaction, the vice president directly owned 5,465 shares in the company, valued at approximately $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 on Friday, August 8th. The shares were sold at an average price of $730.66, for a total transaction of $1,649,099.62. Following the completion of 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. Insiders have sold a total of 14,039 shares of company stock worth $10,356,566 over the last quarter. 0.32% of the stock is currently owned by corporate insiders.

Parker-Hannifin Stock Performance

Shares of PH opened at $740.43 on Thursday. The company's fifty day moving average is $750.38 and its 200-day moving average is $692.83. Parker-Hannifin Corporation has a 12 month low of $488.45 and a 12 month high of $779.77. The firm has a market cap of $93.69 billion, a price-to-earnings ratio of 27.30, a price-to-earnings-growth ratio of 3.13 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 (NYSE:PH - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The industrial products company reported $7.69 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $5.10 billion. During the same quarter in the prior year, the business posted $6.77 EPS. Parker-Hannifin's quarterly revenue was up 1.1% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Equities analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 7th will be paid a dividend of $1.80 per share. The ex-dividend date is Friday, November 7th. This represents a $7.20 annualized dividend and a dividend yield of 1.0%. Parker-Hannifin's dividend payout ratio is 26.55%.

Analysts Set New Price Targets

Several research firms have recently issued reports on PH. KeyCorp increased their price objective on shares of Parker-Hannifin from $810.00 to $825.00 and gave the company an "overweight" rating in a report on Tuesday, October 14th. Citigroup increased their target price on shares of Parker-Hannifin from $831.00 to $874.00 and gave the stock a "buy" rating in a research report on Thursday, October 9th. Deutsche Bank Aktiengesellschaft downgraded shares of 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. Evercore ISI reiterated an "outperform" rating on shares of Parker-Hannifin in a research report on Tuesday, August 19th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Parker-Hannifin in a research report on Wednesday, October 8th. Fourteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $789.67.

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.

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