Parker-Hannifin Corporation $PH Shares Acquired by One Way Holdings LLC

Key Points

• One Way Holdings increased its Parker-Hannifin stake by 19% in the third quarter, bringing its holdings to 12,597 shares valued at approximately $12.0 million. Institutional investors collectively own 82.44% of the company.
• Parker-Hannifin reported quarterly results above expectations, with EPS of $9.27 and revenue of $5.75 billion, representing 9.8% year-over-year revenue growth. Analysts expect about $35.72 in current-year EPS.
• The company declared a quarterly dividend of $2.00 per share, or $8.00 annually, yielding roughly 0.9%. Analyst sentiment remains positive, with an overall “Moderate Buy” rating and an average price target of $1,146.35.

One Way Holdings LLC boosted its position in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 19.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,597 shares of the industrial products company's stock after acquiring an additional 2,011 shares during the period. One Way Holdings LLC's holdings in Parker-Hannifin were worth $12,035,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Polaris Financial Partners acquired a new position in Parker-Hannifin during the 3rd quarter valued at about $26,000. Archer Investment Corp acquired a new stake in shares of Parker-Hannifin during the 2nd quarter worth approximately $28,000. Latitude Advisors LLC acquired a new stake in shares of Parker-Hannifin during the 3rd quarter worth approximately $27,000. Pension & Wealth Management Advisors Inc. bought a new stake in shares of Parker-Hannifin during the third quarter worth approximately $30,000. Finally, North Star Investment Management Corp. grew its holdings in Parker-Hannifin by 120.0% during the 3rd quarter. North Star Investment Management Corp. now owns 33 shares of the industrial products company's stock worth $32,000 after acquiring an additional 18 shares during the period. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Parker-Hannifin Trading Down 0.1%

PH opened at $898.73 on Monday. The stock has a market capitalization of $113.34 billion, a P/E ratio of 31.55, a P/E/G ratio of 2.51 and a beta of 1.12. The company has a current ratio of 1.26, a quick ratio of 0.74 and a debt-to-equity ratio of 0.44. Parker-Hannifin Corporation has a 12 month low of $755.10 and a 12 month high of $1,099.94. The firm's fifty day simple moving average is $956.18 and its 200 day simple moving average is $949.73.

Parker-Hannifin (NYSE:PH - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The industrial products company reported $9.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.31 by $0.96. The firm had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.57 billion. Parker-Hannifin had a return on equity of 28.48% and a net margin of 16.97%. The company's revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the business posted $7.69 EPS. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. As a group, research analysts anticipate that Parker-Hannifin Corporation will post 35.72 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 13th will be given a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, November 13th. Parker-Hannifin's dividend payout ratio (DPR) is currently 28.08%.

Insider Transactions at Parker-Hannifin

In other Parker-Hannifin news, VP Berend Bracht sold 602 shares of the business's stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $1,040.47, for a total value of $626,362.94. Following the sale, the vice president owned 4,399 shares in the company, valued at approximately $4,577,027.53. The trade was a 12.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.35% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. BMO Capital Markets restated an "outperform" rating and issued a $1,214.00 price target (up from $1,068.00) on shares of Parker-Hannifin in a research report on Friday, August 7th. Raymond James Financial upped their price objective on Parker-Hannifin from $1,050.00 to $1,250.00 and gave the company an "outperform" rating in a report on Monday, August 10th. Evercore increased their target price on Parker-Hannifin from $1,064.00 to $1,217.00 and gave the company an "outperform" rating in a research note on Tuesday, August 11th. Weiss Ratings reissued a "buy (b)" rating on shares of Parker-Hannifin in a research note on Thursday, October 15th. Finally, Sanford C. Bernstein raised their target price on Parker-Hannifin from $1,037.00 to $1,218.00 and gave the stock an "outperform" rating in a report on Friday, August 14th. Eighteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Parker-Hannifin currently has an average rating of "Moderate Buy" and an average target price of $1,146.35.

About Parker-Hannifin

Parker-Hannifin Corporation is a diversified manufacturer of motion and control technologies and systems. The company serves aerospace, industrial, and other specialized markets with products designed to control the movement and flow of liquids and gases, as well as mechanical motion and power.

Its product portfolio includes hydraulic and pneumatic systems, filtration and process-control equipment, electromechanical technologies, sealing and shielding products, connectors, pumps, valves, and related components.

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