Parker-Hannifin Corporation $PH Shares Acquired by SeaCrest Wealth Management LLC

Key Points

• SeaCrest Wealth Management LLC increased its stake in Parker-Hannifin Corporation by 43.1% during the second quarter, now holding 1,913 shares valued at $1,336,000.
• Parker-Hannifin reported $7.69 earnings per share for the latest quarter, surpassing the consensus estimate of $7.08, with quarterly revenue of $5.24 billion.
• Thirteen analysts currently rate Parker-Hannifin stock as a Buy, indicating strong investor confidence, with an average price target of $770.94.

SeaCrest Wealth Management LLC lifted its position in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 43.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,913 shares of the industrial products company's stock after purchasing an additional 576 shares during the period. SeaCrest Wealth Management LLC's holdings in Parker-Hannifin were worth $1,336,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. IFM Investors Pty Ltd lifted its position in Parker-Hannifin by 6.7% in the second quarter. IFM Investors Pty Ltd now owns 24,331 shares of the industrial products company's stock valued at $16,994,000 after acquiring an additional 1,536 shares during the last quarter. Grove Bank & Trust raised its holdings in shares of Parker-Hannifin by 19.8% in the second quarter. Grove Bank & Trust now owns 194 shares of the industrial products company's stock valued at $136,000 after buying an additional 32 shares during the last quarter. Trust Point Inc. increased its stake in shares of Parker-Hannifin by 116.9% during the second quarter. Trust Point Inc. now owns 731 shares of the industrial products company's stock worth $511,000 after acquiring an additional 394 shares during the period. Ferguson Wellman Capital Management Inc. increased its stake in shares of Parker-Hannifin by 3.9% during the second quarter. Ferguson Wellman Capital Management Inc. now owns 168,828 shares of the industrial products company's stock worth $117,921,000 after acquiring an additional 6,374 shares during the period. Finally, Exchange Traded Concepts LLC increased its stake in shares of Parker-Hannifin by 13.3% during the second quarter. Exchange Traded Concepts LLC now owns 5,746 shares of the industrial products company's stock worth $4,013,000 after acquiring an additional 674 shares during the period. 82.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on PH. Evercore ISI restated an "outperform" rating on shares of Parker-Hannifin in a research report on Tuesday, August 19th. Cowen reaffirmed a "hold" rating on shares of Parker-Hannifin in a report on Friday, August 29th. Citigroup reissued a "buy" rating and set a $831.00 price objective (up previously from $709.00) on shares of Parker-Hannifin in a research note on Monday, July 14th. Wall Street Zen raised shares of Parker-Hannifin from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, KeyCorp increased their price target on shares of Parker-Hannifin from $790.00 to $810.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Thirteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $770.94.

Parker-Hannifin Trading Up 0.0%

Parker-Hannifin stock opened at $755.96 on Friday. The company has a market cap of $96.60 billion, a P/E ratio of 27.87, a PEG ratio of 3.13 and a beta of 1.35. The firm's 50-day moving average is $740.49 and its 200-day moving average is $672.06. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $779.77. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19.

Parker-Hannifin (NYSE:PH - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 earnings per share for the quarter, beating the consensus estimate of $7.08 by $0.61. The firm had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.10 billion. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. Parker-Hannifin's quarterly revenue was up 1.1% compared to the same quarter last year. During the same period last year, the firm posted $6.77 EPS. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. On average, equities analysts expect that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $1.80 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.20 annualized dividend and a yield of 1.0%. Parker-Hannifin's dividend payout ratio (DPR) is presently 26.55%.

Insider Activity

In other Parker-Hannifin news, COO Andrew D. Ross sold 4,361 shares of the firm's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $732.66, for a total transaction of $3,195,130.26. Following the transaction, the chief operating officer owned 13,120 shares of the company's stock, valued at approximately $9,612,499.20. This trade represents a 24.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Thomas C. Gentile sold 1,133 shares of the firm's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $729.50, for a total transaction of $826,523.50. Following the transaction, the vice president directly owned 5,465 shares in the company, valued at approximately $3,986,717.50. The trade was a 17.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,039 shares of company stock worth $10,356,566 in the last 90 days. 0.39% of the stock is currently owned by corporate insiders.

About Parker-Hannifin

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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