Oarsman Capital Inc. Buys 2,182 Shares of Parker-Hannifin Corporation $PH

Key Points

• Oarsman Capital Inc. increased its stake in Parker-Hannifin Corporation by 110.6% in Q1, owning 4,154 shares valued at approximately $2.525 million.
• COO Andrew D. Ross and VP Thomas C. Gentile sold significant portions of their stock holdings in August, indicating a decrease in insider positions.
• Parker-Hannifin reported strong earnings for Q2 with $7.69 EPS, surpassing estimates, and announced a quarterly dividend of $1.80 per share.

Oarsman Capital Inc. increased its holdings in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 110.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,154 shares of the industrial products company's stock after acquiring an additional 2,182 shares during the period. Oarsman Capital Inc.'s holdings in Parker-Hannifin were worth $2,525,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of PH. GAMMA Investing LLC boosted its stake in Parker-Hannifin by 66,111.8% during the first quarter. GAMMA Investing LLC now owns 1,735,412 shares of the industrial products company's stock worth $1,054,870,000 after acquiring an additional 1,732,791 shares in the last quarter. Nuveen LLC bought a new stake in Parker-Hannifin during the first quarter worth about $933,089,000. Royal Bank of Canada boosted its stake in Parker-Hannifin by 99.8% during the fourth quarter. Royal Bank of Canada now owns 2,277,001 shares of the industrial products company's stock worth $1,448,241,000 after acquiring an additional 1,137,564 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Parker-Hannifin by 52.6% in 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 buying an additional 842,262 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp lifted its stake in shares of Parker-Hannifin by 6,912.4% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 312,472 shares of the industrial products company's stock worth $198,742,000 after buying an additional 308,016 shares in the last quarter. Institutional investors own 82.44% of the company's stock.

Parker-Hannifin Price Performance

Shares of NYSE PH traded down $7.08 during midday trading on Monday, reaching $759.76. The stock had a trading volume of 890,872 shares, compared to its average volume of 791,841. The stock has a 50-day moving average of $723.76 and a 200-day moving average of $662.96. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19. The company has a market capitalization of $97.08 billion, a price-to-earnings ratio of 28.01, a price-to-earnings-growth ratio of 3.15 and a beta of 1.35. Parker-Hannifin Corporation has a 12-month low of $488.45 and a 12-month high of $773.30.

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

Parker-Hannifin Announces Dividend

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

Insider Transactions at Parker-Hannifin

In related news, VP Matthew A. Jacobson sold 575 shares of the company's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $733.06, for a total transaction of $421,509.50. Following the completion of the transaction, the vice president owned 1,000 shares in the company, valued at approximately $733,060. This represents a 36.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Robert W. Malone sold 2,257 shares of the company's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $730.66, for a total transaction of $1,649,099.62. Following the transaction, the vice president owned 5,866 shares of the company's stock, valued at approximately $4,286,051.56. This represents a 27.79% 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. Company insiders own 0.39% of the company's stock.

Analyst Upgrades and Downgrades

PH has been the topic of several analyst reports. Susquehanna initiated coverage on shares of Parker-Hannifin in a research note on Friday, August 15th. They issued a "positive" rating and a $860.00 target price on the stock. Mizuho set a $785.00 target price on shares of Parker-Hannifin in a research note on Friday, May 16th. Raymond James Financial upped their target price on shares of Parker-Hannifin from $735.00 to $845.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Barclays upped their target price on shares of Parker-Hannifin from $750.00 to $776.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Finally, Stifel Nicolaus upped their target price on shares of Parker-Hannifin from $717.00 to $726.00 and gave the stock a "hold" rating in a research note on Friday, August 8th. Fourteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $768.71.

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.