Parker-Hannifin Corporation $PH Shares Acquired by Columbus Macro LLC

Key Points

• Columbus Macro LLC increased its stake in Parker-Hannifin Corporation by 7.7% during Q2, now holding 11,868 shares valued at approximately $8.29 million.
• Insider trading activity saw Joseph R. Leonti and Andrew D. Ross sell a combined total of 8,986 shares recently, indicating a decrease in their ownership stakes.
• Parker-Hannifin's stock performance shows a market cap of $95.37 billion, with shares trading around $753.71 and a recent quarterly EPS of $7.69, surpassing analysts' estimates.

Columbus Macro LLC grew its position in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 7.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,868 shares of the industrial products company's stock after purchasing an additional 846 shares during the period. Columbus Macro LLC's holdings in Parker-Hannifin were worth $8,290,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PH. Nuveen LLC acquired a new stake in Parker-Hannifin during the first quarter worth about $933,089,000. Price T Rowe Associates Inc. MD grew its holdings in 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 purchasing an additional 842,262 shares during the period. Wellington Management Group LLP grew its holdings in 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 purchasing an additional 208,573 shares during the period. Goldman Sachs Group Inc. grew its holdings in Parker-Hannifin by 23.8% in the first quarter. Goldman Sachs Group Inc. now owns 996,738 shares of the industrial products company's stock valued at $605,867,000 after purchasing an additional 191,799 shares during the period. Finally, Vanguard Group Inc. grew its holdings in 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 purchasing an additional 168,990 shares during the period. 82.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Parker-Hannifin news, EVP Joseph R. Leonti sold 4,625 shares of Parker-Hannifin stock in a transaction on Monday, August 25th. The stock was sold at an average price of $750.84, for a total value of $3,472,635.00. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Andrew D. Ross sold 4,361 shares of Parker-Hannifin stock in a transaction on Friday, August 8th. The shares were sold at an average price of $732.66, for a total value of $3,195,130.26. Following the completion of the sale, the chief operating officer owned 13,120 shares in the company, valued at $9,612,499.20. This represents a 24.95% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,039 shares of company stock valued at $10,356,566. 0.32% of the stock is currently owned by company insiders.

Parker-Hannifin Stock Performance

Shares of Parker-Hannifin stock opened at $753.71 on Thursday. Parker-Hannifin Corporation has a one year low of $488.45 and a one year high of $779.77. The company has a market cap of $95.37 billion, a price-to-earnings ratio of 27.79, a PEG ratio of 3.11 and a beta of 1.35. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19. The business's 50 day moving average price is $748.74 and its 200 day moving average price is $684.04.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced its quarterly earnings data 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. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The firm had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter last year, the business posted $6.77 earnings per share. The firm's revenue 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. On average, research analysts predict that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a yield of 1.0%. Parker-Hannifin's payout ratio is currently 26.55%.

Analyst Ratings Changes

PH has been the topic of several research analyst reports. Wall Street Zen raised Parker-Hannifin from a "hold" rating to a "buy" rating in a report on Saturday, September 20th. KeyCorp raised their target price on Parker-Hannifin from $790.00 to $810.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Deutsche Bank Aktiengesellschaft downgraded 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. Stifel Nicolaus raised their target price on Parker-Hannifin from $717.00 to $726.00 and gave the company a "hold" rating in a research report on Friday, August 8th. Finally, Morgan Stanley raised their target price on Parker-Hannifin from $700.00 to $725.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 9th. Fourteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $784.39.

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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