Aprio Wealth Management LLC Grows Stake in Parker-Hannifin Corporation $PH

Key Points

• Aprio Wealth Management LLC increased its holdings in Parker-Hannifin by 49.8% during the first quarter, now owning 1,497 shares valued at approximately $910,000.
• Parker-Hannifin Corporation reported earnings of $7.69 per share, exceeding analysts' expectations of $7.08, with quarterly revenue of $5.24 billion.
• The company announced a quarterly dividend of $1.80, representing a 1.0% yield and an annualized dividend of $7.20.

Aprio Wealth Management LLC grew its stake in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 49.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,497 shares of the industrial products company's stock after buying an additional 498 shares during the period. Aprio Wealth Management LLC's holdings in Parker-Hannifin were worth $910,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in shares of Parker-Hannifin by 66,111.8% during the first quarter. GAMMA Investing LLC now owns 1,735,412 shares of the industrial products company's stock worth $1,054,870,000 after purchasing an additional 1,732,791 shares during the period. Nuveen LLC purchased a new stake in Parker-Hannifin during the 1st quarter valued at about $933,089,000. Royal Bank of Canada grew its position in Parker-Hannifin by 99.8% during the 4th quarter. Royal Bank of Canada now owns 2,277,001 shares of the industrial products company's stock valued at $1,448,241,000 after purchasing an additional 1,137,564 shares during the last quarter. Price T Rowe Associates Inc. MD grew 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 valued at $1,485,042,000 after purchasing an additional 842,262 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp increased its holdings in Parker-Hannifin by 6,912.4% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 312,472 shares of the industrial products company's stock worth $198,742,000 after buying an additional 308,016 shares in the last quarter. Institutional investors own 82.44% of the company's stock.

Parker-Hannifin Trading Up 0.2%

Shares of PH stock traded up $1.67 during trading hours on Friday, reaching $758.63. 520,224 shares of the stock were exchanged, compared to its average volume of 616,179. Parker-Hannifin Corporation has a 12-month low of $488.45 and a 12-month high of $773.30. 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 $731.05 and its 200-day moving average price is $665.13. The firm has a market capitalization of $96.94 billion, a price-to-earnings ratio of 27.97, a price-to-earnings-growth ratio of 3.14 and a beta of 1.35.

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

Parker-Hannifin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Tuesday, September 2nd will be paid a $1.80 dividend. This represents a $7.20 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, September 2nd. Parker-Hannifin's dividend payout ratio (DPR) is currently 26.55%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Wall Street Zen lowered Parker-Hannifin from a "buy" rating to a "hold" rating in a research report on Sunday. Stifel Nicolaus raised their target price on Parker-Hannifin from $717.00 to $726.00 and gave the stock a "hold" rating in a research report on Friday, August 8th. Wells Fargo & Company upped their price target on Parker-Hannifin from $770.00 to $800.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. KeyCorp upped their price target on Parker-Hannifin from $790.00 to $810.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Finally, Mizuho set a $785.00 price target on Parker-Hannifin in a research report on Friday, May 16th. Thirteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $770.94.

Insider Buying and Selling

In related news, VP Robert W. Malone sold 2,257 shares of the company's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $730.66, for a total value of $1,649,099.62. Following the completion of the sale, the vice president directly owned 5,866 shares of the company's stock, valued at $4,286,051.56. This represents a 27.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joseph R. Leonti sold 4,625 shares of the company's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $750.84, for a total transaction of $3,472,635.00. Following the completion of the sale, the executive vice president directly owned 13,878 shares of the company's stock, valued at approximately $10,420,157.52. This trade represents a 25.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,039 shares of company stock valued at $10,356,566 over 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.