Park Avenue Securities LLC Purchases 642 Shares of Parker-Hannifin Corporation $PH

Key Points

• Park Avenue Securities LLC increased its stake in Parker-Hannifin Corporation by 4.3%, owning a total of 15,717 shares valued at approximately $10.98 million.
• Insider sales were notable, with VP Robert W. Malone and EVP Joseph R. Leonti selling a combined total of 6,882 shares for over $5 million, indicating a decrease in their ownership positions.
• Parker-Hannifin recently reported an earnings per share (EPS) of $7.69, exceeding analyst expectations, and has set FY 2026 EPS guidance between $28.40 and $29.40.

Park Avenue Securities LLC grew its holdings in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 4.3% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 15,717 shares of the industrial products company's stock after buying an additional 642 shares during the period. Park Avenue Securities LLC's holdings in Parker-Hannifin were worth $10,978,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Trinity Wealth Management LLC purchased a new position in Parker-Hannifin during the second quarter valued at approximately $213,000. Compass Ion Advisors LLC acquired a new position in shares of Parker-Hannifin in the second quarter valued at about $212,000. Farther Finance Advisors LLC boosted its stake in shares of Parker-Hannifin by 2.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,595 shares of the industrial products company's stock valued at $1,114,000 after purchasing an additional 32 shares in the last quarter. Silver Oak Securities Incorporated raised its holdings in Parker-Hannifin by 1.4% during the 2nd quarter. Silver Oak Securities Incorporated now owns 1,491 shares of the industrial products company's stock worth $1,041,000 after purchasing an additional 20 shares during the last quarter. Finally, CX Institutional boosted its holdings in Parker-Hannifin by 12.5% during the 2nd quarter. CX Institutional now owns 3,183 shares of the industrial products company's stock worth $2,223,000 after acquiring an additional 353 shares during the last quarter. Hedge funds and other institutional investors own 82.44% of the company's stock.

Parker-Hannifin Stock Performance

PH stock traded up $5.06 during mid-day trading on Monday, reaching $760.74. 414,759 shares of the stock traded hands, compared to its average volume of 589,432. 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 business has a 50-day moving average of $741.46 and a two-hundred day moving average of $673.22. Parker-Hannifin Corporation has a 52 week low of $488.45 and a 52 week high of $779.77. The firm has a market capitalization of $97.21 billion, a PE ratio of 28.05, a P/E/G ratio of 3.13 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 for the quarter, beating analysts' consensus estimates of $7.08 by $0.61. The business had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.10 billion. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. Parker-Hannifin's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $6.77 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, equities analysts predict that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

The business also recently disclosed 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 of this dividend was Tuesday, September 2nd. This represents a $7.20 annualized dividend and a yield of 0.9%. Parker-Hannifin's dividend payout ratio is presently 26.55%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PH. Deutsche Bank Aktiengesellschaft lowered Parker-Hannifin from a "buy" rating to a "hold" rating and set a $809.00 price objective for the company. in a research note on Thursday, September 4th. Wall Street Zen upgraded Parker-Hannifin from a "hold" rating to a "buy" rating in a research note on Saturday. Susquehanna started coverage on Parker-Hannifin in a research note on Friday, August 15th. They issued a "positive" rating and a $860.00 price target on the stock. Stifel Nicolaus upped 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, Cowen reaffirmed a "hold" rating on shares of Parker-Hannifin in a research note on Friday, August 29th. Thirteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Parker-Hannifin presently has a consensus rating of "Moderate Buy" and a consensus price target of $770.94.

Insiders Place Their Bets

In other news, VP Angela R. Ives sold 810 shares of the stock in a transaction on Friday, August 8th. The shares were sold at an average price of $727.36, for a total transaction of $589,161.60. Following the completion of the sale, the vice president directly owned 2,798 shares in the company, valued at $2,035,153.28. This represents a 22.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Andrew D. Ross sold 4,361 shares of Parker-Hannifin stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $732.66, for a total transaction of $3,195,130.26. Following the completion of the transaction, the chief operating officer owned 13,120 shares of the company's stock, valued at $9,612,499.20. The trade was a 24.95% 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 over the last 90 days. Insiders own 0.39% of the company's stock.

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.