Parker-Hannifin Corporation $PH is Moran Wealth Management LLC's 2nd Largest Position

Key Points

• Moran Wealth Management LLC reduced its stake in Parker-Hannifin Corporation by 4.3%, making it their second-largest position, with 83,615 shares valued at approximately $58.4 million.
• Parker-Hannifin recently reported quarterly earnings, achieving an EPS of $7.69, exceeding analyst expectations, and had a revenue of $5.24 billion for the quarter.
• The company announced a quarterly dividend of $1.80 per share, translating to an annualized yield of 1.0% with a payout ratio of 26.55%.

Moran Wealth Management LLC lessened its position in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 4.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 83,615 shares of the industrial products company's stock after selling 3,723 shares during the period. Parker-Hannifin makes up 1.8% of Moran Wealth Management LLC's portfolio, making the stock its 2nd biggest position. Moran Wealth Management LLC owned about 0.07% of Parker-Hannifin worth $58,402,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Nuveen LLC purchased a new position in Parker-Hannifin in the first quarter valued at approximately $933,089,000. Price T Rowe Associates Inc. MD boosted its position in Parker-Hannifin by 52.6% during 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 during the period. Wellington Management Group LLP boosted its position in Parker-Hannifin by 11.6% during the 1st quarter. Wellington Management Group LLP now owns 2,009,250 shares of the industrial products company's stock worth $1,221,323,000 after purchasing an additional 208,573 shares during the period. Goldman Sachs Group Inc. boosted its position in Parker-Hannifin by 23.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 996,738 shares of the industrial products company's stock worth $605,867,000 after purchasing an additional 191,799 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Parker-Hannifin by 1.6% during the first quarter. Vanguard Group Inc. now owns 11,023,764 shares of the industrial products company's stock worth $6,700,795,000 after purchasing an additional 168,990 shares in the last quarter. 82.44% of the stock is owned by institutional investors and hedge funds.

Parker-Hannifin Stock Performance

Shares of Parker-Hannifin stock opened at $728.67 on Tuesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $779.77. The firm's 50-day simple moving average is $749.16 and its 200-day simple moving average is $686.79. The firm has a market cap of $92.21 billion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 2.97 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 EPS for the quarter, topping analysts' consensus estimates of $7.08 by $0.61. The business 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 for the quarter was up 1.1% compared to the same quarter last year. During the same period last year, the firm earned $6.77 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Equities analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Tuesday, September 2nd. Parker-Hannifin's dividend payout ratio (DPR) is currently 26.55%.

Insider Buying and Selling at Parker-Hannifin

In related news, COO Andrew D. Ross sold 4,361 shares of the company's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $732.66, for a total transaction of $3,195,130.26. Following the sale, the chief operating officer directly owned 13,120 shares of the company's stock, valued at approximately $9,612,499.20. This represents a 24.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Angela R. Ives sold 810 shares of the business's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $727.36, for a total transaction of $589,161.60. Following the sale, the vice president owned 2,798 shares of the company's stock, valued at approximately $2,035,153.28. The trade was a 22.45% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,039 shares of company stock worth $10,356,566. 0.32% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

PH has been the topic of several analyst reports. Citigroup raised their target price on Parker-Hannifin from $831.00 to $874.00 and gave the company a "buy" rating in a report on Thursday. Weiss Ratings restated a "buy (b)" rating on shares of Parker-Hannifin in a research note on Wednesday, October 8th. KeyCorp upped their target price on shares of Parker-Hannifin from $790.00 to $810.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Susquehanna started coverage on shares of Parker-Hannifin in a report on Friday, August 15th. They issued a "positive" rating and a $860.00 price objective on the stock. Finally, 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 research report on Thursday, September 4th. Fourteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $786.78.

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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