Parker-Hannifin Corporation $PH Position Cut by Jones Financial Companies Lllp

Key Points

• Jones Financial Companies Lllp reduced its stake in Parker-Hannifin Corporation by 85.9%, holding only 2,000 shares after selling 12,169 shares during the first quarter.
• Parker-Hannifin reported $7.69 EPS for the last quarter, exceeding estimates, with revenue of $5.24 billion, a 1.1% increase year-over-year.
• The company declared a quarterly dividend of $1.80 per share, resulting in an annualized dividend of $7.20 and a yield of 0.9%.

Jones Financial Companies Lllp trimmed its stake in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 85.9% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 2,000 shares of the industrial products company's stock after selling 12,169 shares during the quarter. Jones Financial Companies Lllp's holdings in Parker-Hannifin were worth $1,216,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Wealth Preservation Advisors LLC bought a new stake in Parker-Hannifin in the first quarter valued at $27,000. Saudi Central Bank bought a new stake in Parker-Hannifin in the first quarter valued at $31,000. Mpwm Advisory Solutions LLC bought a new stake in Parker-Hannifin in the fourth quarter valued at $32,000. Olde Wealth Management LLC bought a new stake in Parker-Hannifin in the first quarter valued at $35,000. Finally, Chilton Capital Management LLC lifted 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 buying an additional 60 shares during the last quarter. 82.44% of the stock is currently owned by institutional investors.

Parker-Hannifin Price Performance

Shares of Parker-Hannifin stock opened at $760.08 on Friday. 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 company's 50-day moving average price is $736.22 and its two-hundred day moving average price is $668.36. Parker-Hannifin Corporation has a 52 week low of $488.45 and a 52 week high of $779.77. The stock has a market cap of $97.12 billion, a PE ratio of 28.03, a price-to-earnings-growth ratio of 3.19 and a beta of 1.35.

Parker-Hannifin (NYSE:PH - Get Free Report) last issued 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 firm had revenue of $5.24 billion for the quarter, compared to analysts' expectations of $5.10 billion. During the same period in the previous year, the business earned $6.77 earnings per share. Parker-Hannifin's revenue for the quarter 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. As a group, sell-side analysts anticipate 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 was paid on Friday, September 12th. Shareholders 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 yield of 0.9%. Parker-Hannifin's payout ratio is 26.55%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PH shares. Citigroup reiterated 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. Wells Fargo & Company raised their target price on Parker-Hannifin from $770.00 to $800.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Susquehanna initiated coverage on shares of Parker-Hannifin in a report on Friday, August 15th. They issued a "positive" rating and a $860.00 price objective for the company. KeyCorp upped their price objective 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. Finally, Evercore ISI reaffirmed an "outperform" rating on shares of Parker-Hannifin in a report on Tuesday, August 19th. Thirteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Parker-Hannifin currently has a consensus rating of "Moderate Buy" and a consensus target price of $770.94.

Insider Transactions at Parker-Hannifin

In other Parker-Hannifin 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 value of $421,509.50. Following the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Andrew D. Ross sold 4,361 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $9,612,499.20. The trade was a 24.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,039 shares of company stock valued at $10,356,566 in the last quarter. 0.39% of the stock is owned by company insiders.

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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