Parker-Hannifin Corporation $PH Shares Purchased by MGO One Seven LLC

Key Points

• MGO One Seven LLC increased its holdings in Parker-Hannifin Corporation by 98.5% in Q2, owning 1,834 shares valued at approximately $1.28 million.
• A number of analysts have raised their target prices for Parker-Hannifin, with Morgan Stanley now targeting $725 and Truist Financial setting a target of $910, reflecting a general trend of positive sentiment towards the stock.
• Parker-Hannifin announced a quarterly dividend of $1.80 per share, translating to a 1.0% dividend yield and a payout ratio of 26.55%.

MGO One Seven LLC increased its holdings in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 98.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,834 shares of the industrial products company's stock after purchasing an additional 910 shares during the quarter. MGO One Seven LLC's holdings in Parker-Hannifin were worth $1,281,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PH. Wealth Preservation Advisors LLC purchased a new position in Parker-Hannifin during the 1st quarter valued at about $27,000. Saudi Central Bank purchased a new position in Parker-Hannifin during the 1st quarter valued at about $31,000. Olde Wealth Management LLC purchased a new position in Parker-Hannifin during the 1st quarter valued at about $35,000. Chilton Capital Management LLC boosted its holdings in Parker-Hannifin by 1,500.0% during the 1st quarter. Chilton Capital Management LLC now owns 64 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 60 shares during the period. Finally, Accent Capital Management LLC purchased a new position in Parker-Hannifin during the 1st quarter valued at about $41,000. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on PH shares. Morgan Stanley raised their target price on Parker-Hannifin from $700.00 to $725.00 and gave the company an "equal weight" rating in a report on Wednesday, July 9th. Truist Financial raised their target price on Parker-Hannifin from $822.00 to $910.00 and gave the company a "buy" rating in a report on Wednesday, October 8th. Raymond James Financial raised their target price on Parker-Hannifin from $735.00 to $845.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Wells Fargo & Company lifted their price objective on Parker-Hannifin from $800.00 to $840.00 and gave the company an "overweight" rating in a research note on Monday, October 6th. Finally, Evercore ISI reiterated an "outperform" rating on shares of Parker-Hannifin in a research note on Tuesday, August 19th. Fourteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $787.61.

Insider Buying and Selling at Parker-Hannifin

In other news, VP Angela R. Ives sold 810 shares of the firm's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $727.36, for a total transaction of $589,161.60. Following the sale, the vice president owned 2,798 shares of the company's stock, valued at approximately $2,035,153.28. This trade represents a 22.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Andrew D. Ross sold 4,361 shares of the firm's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $732.66, for a total value of $3,195,130.26. Following the sale, the chief operating officer directly owned 13,120 shares in the company, valued at $9,612,499.20. This trade represents a 24.95% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,039 shares of company stock worth $10,356,566. 0.32% of the stock is currently owned by corporate insiders.

Parker-Hannifin Price Performance

Shares of NYSE PH opened at $736.06 on Thursday. 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 Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $779.77. The firm has a market capitalization of $93.14 billion, a PE ratio of 27.14, a price-to-earnings-growth ratio of 3.04 and a beta of 1.35. The stock's 50-day simple moving average is $750.39 and its 200-day simple moving average is $687.48.

Parker-Hannifin (NYSE:PH - Get Free Report) last issued its 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 business had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same quarter last year, the company earned $6.77 EPS. The business's quarterly revenue was up 1.1% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, equities research analysts forecast that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

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

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.

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