Parker-Hannifin Corporation $PH Shares Acquired by Apella Capital LLC

Key Points

• Apella Capital LLC significantly increased its holdings in Parker-Hannifin Corporation by 641.5% in the second quarter, now owning shares valued at $2.1 million.
• Parker-Hannifin reported a quarterly earnings per share (EPS) of $7.69, surpassing estimates and indicating a year-over-year revenue increase of 1.1%.
• The company declared a quarterly dividend of $1.80 per share, resulting in an annualized yield of 0.9% and a payout ratio of 26.55%.

Apella Capital LLC raised its stake in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 641.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,951 shares of the industrial products company's stock after acquiring an additional 2,553 shares during the period. Apella Capital LLC's holdings in Parker-Hannifin were worth $2,085,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC increased its position in shares of Parker-Hannifin by 27.2% during the first quarter. SG Americas Securities LLC now owns 31,011 shares of the industrial products company's stock valued at $18,850,000 after acquiring an additional 6,630 shares during the last quarter. Alley Investment Management Company LLC acquired a new stake in shares of Parker-Hannifin during the first quarter valued at about $7,996,000. Community Financial Services Group LLC increased its position in shares of Parker-Hannifin by 1,338.2% during the first quarter. Community Financial Services Group LLC now owns 6,630 shares of the industrial products company's stock valued at $4,030,000 after acquiring an additional 6,169 shares during the last quarter. Heartland Bank & Trust Co acquired a new stake in shares of Parker-Hannifin during the first quarter valued at about $260,000. Finally, Banco Santander S.A. increased its position in shares of Parker-Hannifin by 70.2% during the first quarter. Banco Santander S.A. now owns 35,645 shares of the industrial products company's stock valued at $21,667,000 after acquiring an additional 14,705 shares during the last quarter. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Cowen reiterated a "hold" rating on shares of Parker-Hannifin in a research report on Friday, August 29th. Raymond James Financial lifted their price objective on shares of Parker-Hannifin from $735.00 to $845.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Evercore ISI restated an "outperform" rating on shares of Parker-Hannifin in a report on Tuesday, August 19th. Morgan Stanley lifted their price objective on shares of Parker-Hannifin from $700.00 to $725.00 and gave the company an "equal weight" rating in a report on Wednesday, July 9th. Finally, Barclays lifted their price objective on shares of Parker-Hannifin from $750.00 to $776.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Thirteen 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, Parker-Hannifin has an average rating of "Moderate Buy" and a consensus price target of $770.94.

Parker-Hannifin Stock Up 0.2%

Shares of Parker-Hannifin stock opened at $760.25 on Tuesday. Parker-Hannifin Corporation has a 52-week low of $488.45 and a 52-week high of $779.77. The company has a 50 day moving average of $737.30 and a 200 day moving average of $669.13. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $97.14 billion, a P/E ratio of 28.03, a P/E/G ratio of 3.14 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 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $5.10 billion. During the same quarter in the previous year, the firm earned $6.77 earnings per share. The firm'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. As a group, research analysts forecast that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

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

Insider Buying and Selling

In related news, EVP Joseph R. Leonti sold 4,625 shares of Parker-Hannifin stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $750.84, for a total value of $3,472,635.00. Following the completion of the transaction, the executive vice president owned 13,878 shares in the company, valued at $10,420,157.52. The trade was a 25.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert W. Malone sold 2,257 shares of Parker-Hannifin stock in a transaction that occurred on 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 completion of the transaction, the vice president owned 5,866 shares of the company's stock, valued at $4,286,051.56. This represents a 27.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,039 shares of company stock valued at $10,356,566 over the last ninety days. 0.39% of the stock is currently owned by corporate insiders.

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.

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