Parker-Hannifin Corporation $PH Position Boosted by CW Advisors LLC

Key Points

• CW Advisors LLC increased its stake in Parker-Hannifin Corporation by 1.2%, holding 46,353 shares valued at approximately $28.18 million as of the latest SEC filing.
• Parker-Hannifin reported an earnings per share (EPS) of $7.69 for the last quarter, exceeding estimates, with a quarterly revenue of $5.24 billion, marking a 1.1% year-over-year increase.
• Analysts have expressed bullish sentiment with various firms raising their price targets on Parker-Hannifin, with an average target price of $768.71 and a rating of "Moderate Buy."

CW Advisors LLC grew its holdings in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 1.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 46,353 shares of the industrial products company's stock after purchasing an additional 547 shares during the period. CW Advisors LLC's holdings in Parker-Hannifin were worth $28,179,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Summit Financial LLC raised its holdings in shares of Parker-Hannifin by 9.1% during the first quarter. Summit Financial LLC now owns 4,863 shares of the industrial products company's stock worth $2,956,000 after purchasing an additional 406 shares during the period. United Asset Strategies Inc. raised its holdings in shares of Parker-Hannifin by 1.1% during the first quarter. United Asset Strategies Inc. now owns 23,501 shares of the industrial products company's stock worth $14,285,000 after purchasing an additional 266 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Parker-Hannifin by 52.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,443,104 shares of the industrial products company's stock worth $1,485,042,000 after purchasing an additional 842,262 shares during the period. Martingale Asset Management L P raised its holdings in shares of Parker-Hannifin by 1.6% during the first quarter. Martingale Asset Management L P now owns 23,946 shares of the industrial products company's stock worth $14,556,000 after purchasing an additional 366 shares during the period. Finally, Tribune Investment Group LP acquired a new stake in shares of Parker-Hannifin during the first quarter worth $6,078,000. 82.44% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Parker-Hannifin

In related news, VP Thomas C. Gentile sold 1,133 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $729.50, for a total value of $826,523.50. Following the completion of the transaction, the vice president owned 5,465 shares in the company, valued at $3,986,717.50. This represents a 17.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Robert W. Malone sold 2,257 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $730.66, for a total transaction of $1,649,099.62. Following the completion of the transaction, the vice president owned 5,866 shares of the company's stock, valued at $4,286,051.56. This represents a 27.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,414 shares of company stock worth $6,883,931 over the last ninety days. Insiders own 0.39% of the company's stock.

Parker-Hannifin Price Performance

PH traded up $19.3280 on Friday, reaching $752.3780. The company had a trading volume of 725,793 shares, compared to its average volume of 767,288. The company has a fifty day moving average of $713.04 and a 200-day moving average of $660.45. The company has a market capitalization of $96.14 billion, a P/E ratio of 27.74, a PEG ratio of 3.12 and a beta of 1.37. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55. Parker-Hannifin Corporation has a one year low of $488.45 and a one year high of $763.99.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced its earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.08 by $0.61. The firm 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 was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.77 EPS. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, equities research analysts anticipate that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Tuesday, September 2nd will be given a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Tuesday, September 2nd. Parker-Hannifin's dividend payout ratio is currently 26.55%.

Analysts Set New Price Targets

A number of analysts have weighed in on PH shares. Evercore ISI reissued an "outperform" rating on shares of Parker-Hannifin in a report on Tuesday. Citigroup reaffirmed a "buy" rating and issued a $831.00 price objective (up previously from $709.00) on shares of Parker-Hannifin in a report on Monday, July 14th. Mizuho set a $785.00 price objective on shares of Parker-Hannifin in a report on Friday, May 16th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Parker-Hannifin in a report on Friday, August 8th. Finally, Argus set a $680.00 price objective on shares of Parker-Hannifin in a report on Tuesday, May 6th. Fourteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $768.71.

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.