Parker-Hannifin Corporation $PH Shares Sold by Carderock Capital Management Inc.

Key Points

• Carderock Capital Management Inc. reduced its stake in Parker-Hannifin Corporation by 16.2%, resulting in ownership of 13,883 shares valued at approximately $8.44 million.
• Parker-Hannifin reported a strong quarterly earnings result with an EPS of $7.69, beating estimates and a revenue of $5.24 billion, reflecting a 1.1% year-over-year increase.
• The company declared a quarterly dividend of $1.80 per share, with a payout ratio of 26.55% and an annualized yield of 0.9%.

Carderock Capital Management Inc. cut its stake in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 16.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,883 shares of the industrial products company's stock after selling 2,682 shares during the quarter. Parker-Hannifin comprises approximately 2.2% of Carderock Capital Management Inc.'s investment portfolio, making the stock its 18th biggest position. Carderock Capital Management Inc.'s holdings in Parker-Hannifin were worth $8,439,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Advisors Capital Management LLC increased its position in Parker-Hannifin by 4.8% during the first quarter. Advisors Capital Management LLC now owns 790 shares of the industrial products company's stock worth $481,000 after purchasing an additional 36 shares during the last quarter. WBI Investments LLC purchased a new stake in shares of Parker-Hannifin in the 1st quarter valued at approximately $293,000. Acadian Asset Management LLC increased its holdings in shares of Parker-Hannifin by 26.2% during the 1st quarter. Acadian Asset Management LLC now owns 799 shares of the industrial products company's stock worth $484,000 after buying an additional 166 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Parker-Hannifin by 20.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,194 shares of the industrial products company's stock worth $1,334,000 after buying an additional 379 shares during the last quarter. Finally, Integrity Alliance LLC. raised its position in shares of Parker-Hannifin by 574.4% during the 1st quarter. Integrity Alliance LLC. now owns 3,851 shares of the industrial products company's stock valued at $2,341,000 after buying an additional 3,280 shares during the period. Institutional investors and hedge funds own 82.44% of the company's stock.

Parker-Hannifin Stock Performance

NYSE PH opened at $765.52 on Thursday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71. The company has a market cap of $97.82 billion, a P/E ratio of 28.23, a P/E/G ratio of 3.13 and a beta of 1.35. The stock has a 50-day moving average of $734.38 and a two-hundred day moving average of $666.88. Parker-Hannifin Corporation has a 1-year low of $488.45 and a 1-year high of $773.30.

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

Parker-Hannifin Announces Dividend

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

Insider Buying and Selling at Parker-Hannifin

In other Parker-Hannifin news, VP Robert W. Malone sold 2,257 shares of the company's stock in a transaction dated 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 sale, the vice president owned 5,866 shares in the company, valued at $4,286,051.56. This represents a 27.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $3,472,635.00. Following the completion of the sale, the executive vice president directly owned 13,878 shares in the company, valued at $10,420,157.52. This represents a 25.00% 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 valued at $10,356,566. Insiders own 0.39% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PH. Cowen reissued a "hold" rating on shares of Parker-Hannifin in a research note on Friday, August 29th. Barclays increased their price target on Parker-Hannifin from $750.00 to $776.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Wall Street Zen lowered shares of Parker-Hannifin from a "buy" rating to a "hold" rating in a report on Sunday. Wells Fargo & Company increased their target price on shares of Parker-Hannifin from $770.00 to $800.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Finally, Mizuho set a $785.00 price target on shares of Parker-Hannifin in a research report on Friday, May 16th. Thirteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, Parker-Hannifin currently has an average rating of "Moderate Buy" and an average price target of $770.94.

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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