Parker-Hannifin Corporation $PH Shares Purchased by Integrity Alliance LLC.

Key Points

• Integrity Alliance LLC significantly increased its stake in Parker-Hannifin Corporation by 574.4% during the first quarter, bringing its total holdings to 3,851 shares valued at approximately $2.34 million.
• Parker-Hannifin's quarterly earnings report indicated an earnings per share (EPS) of $7.69, exceeding consensus estimates, with revenue of $5.24 billion for the quarter.
• Thirteen investment analysts rated Parker-Hannifin as a Buy, with an average price target of $770.94 following recent adjustments in ratings and price objectives from various financial institutions.

Integrity Alliance LLC. boosted its holdings in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 574.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,851 shares of the industrial products company's stock after buying an additional 3,280 shares during the quarter. Integrity Alliance LLC.'s holdings in Parker-Hannifin were worth $2,341,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of PH. SG Americas Securities LLC raised its position in shares of Parker-Hannifin by 27.2% during the 1st quarter. SG Americas Securities LLC now owns 31,011 shares of the industrial products company's stock worth $18,850,000 after acquiring an additional 6,630 shares in the last quarter. Alley Investment Management Company LLC acquired a new stake in Parker-Hannifin during the first quarter worth approximately $7,996,000. Community Financial Services Group LLC lifted its position in shares of Parker-Hannifin by 1,338.2% during the 1st quarter. Community Financial Services Group LLC now owns 6,630 shares of the industrial products company's stock worth $4,030,000 after buying an additional 6,169 shares during the last quarter. Heartland Bank & Trust Co acquired a new position in shares of Parker-Hannifin in the 1st quarter valued at $260,000. Finally, Banco Santander S.A. raised its stake in Parker-Hannifin by 70.2% during the 1st quarter. Banco Santander S.A. now owns 35,645 shares of the industrial products company's stock worth $21,667,000 after acquiring an additional 14,705 shares in the last quarter. 82.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PH has been the subject of several research analyst reports. KeyCorp upped their price objective on shares of Parker-Hannifin from $790.00 to $810.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Mizuho set a $785.00 target price on Parker-Hannifin in a research report on Friday, May 16th. Citigroup reaffirmed a "buy" rating and set a $831.00 price target (up previously from $709.00) on shares of Parker-Hannifin in a research report on Monday, July 14th. Cowen reiterated a "hold" rating on shares of Parker-Hannifin in a research note on Friday, August 29th. Finally, Wall Street Zen lowered shares of Parker-Hannifin from a "buy" rating to a "hold" rating in a research report on Sunday. Thirteen investment analysts have rated the stock with a Buy rating and six 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 an average price target of $770.94.

Parker-Hannifin Trading Up 1.4%

Shares of PH stock opened at $765.52 on Thursday. The company has a market capitalization of $97.82 billion, a P/E ratio of 28.23, a price-to-earnings-growth ratio of 3.13 and a beta of 1.35. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55. The business's 50 day moving average is $734.38 and its two-hundred day moving average is $666.88. Parker-Hannifin Corporation has a twelve month low of $488.45 and a twelve month high of $773.30.

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, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $5.10 billion. During the same period last year, the company earned $6.77 earnings per share. The company's revenue for the quarter was up 1.1% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Equities analysts forecast that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd will be issued a $1.80 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $7.20 annualized dividend and a dividend yield of 0.9%. Parker-Hannifin's payout ratio is presently 26.55%.

Insider Buying and Selling at Parker-Hannifin

In related news, EVP Joseph R. Leonti sold 4,625 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $750.84, for a total transaction of $3,472,635.00. Following the completion of the transaction, the executive vice president directly owned 13,878 shares of the company's stock, valued at $10,420,157.52. This represents a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Andrew D. Ross sold 4,361 shares of Parker-Hannifin stock in a transaction that occurred 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 directly 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 quarter, insiders sold 14,039 shares of company stock valued at $10,356,566. Insiders own 0.39% of the company's stock.

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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