Parker-Hannifin Corporation $PH Shares Sold by Jackson Wealth Management LLC

Key Points

• Jackson Wealth Management cut its Parker-Hannifin stake by 92.2% in the second quarter, selling 4,261 shares and retaining 362 shares valued at approximately $354,000. Institutional investors collectively own 82.44% of the company.
• Parker-Hannifin reported quarterly EPS of $9.27, exceeding estimates of $8.31, while revenue rose 9.8% year over year to $5.75 billion. The company provided fiscal 2027 EPS guidance of $34.25–$35.25.
• Analysts maintain a broadly positive outlook, with 17 Buy ratings and three Holds, producing a “Moderate Buy” consensus and average price target of $1,100. The company also declared a quarterly dividend of $2.00 per share.

Jackson Wealth Management LLC reduced its stake in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 92.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 362 shares of the industrial products company's stock after selling 4,261 shares during the period. Jackson Wealth Management LLC's holdings in Parker-Hannifin were worth $354,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PH. Brighton Jones LLC boosted its stake in shares of Parker-Hannifin by 5.9% during the fourth quarter. Brighton Jones LLC now owns 1,808 shares of the industrial products company's stock valued at $1,150,000 after acquiring an additional 101 shares during the last quarter. Bison Wealth LLC raised its stake in Parker-Hannifin by 4.5% in the 4th quarter. Bison Wealth LLC now owns 749 shares of the industrial products company's stock valued at $476,000 after purchasing an additional 32 shares during the last quarter. Empowered Funds LLC lifted its holdings in Parker-Hannifin by 0.5% in the 1st quarter. Empowered Funds LLC now owns 2,894 shares of the industrial products company's stock valued at $1,759,000 after purchasing an additional 15 shares in the last quarter. Acadian Asset Management LLC boosted its stake 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 purchasing an additional 166 shares during the last quarter. Finally, Sivia Capital Partners LLC boosted its stake in shares of Parker-Hannifin by 3.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 430 shares of the industrial products company's stock worth $300,000 after purchasing an additional 15 shares during the last quarter. Hedge funds and other institutional investors own 82.44% of the company's stock.

Parker-Hannifin Stock Performance

Shares of PH stock opened at $979.89 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.74 and a current ratio of 1.26. The firm has a market capitalization of $123.52 billion, a price-to-earnings ratio of 34.39, a price-to-earnings-growth ratio of 2.59 and a beta of 1.12. Parker-Hannifin Corporation has a one year low of $715.37 and a one year high of $1,099.94. The company has a 50 day moving average price of $992.06 and a 200 day moving average price of $950.21.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The industrial products company reported $9.27 earnings per share for the quarter, beating analysts' consensus estimates of $8.31 by $0.96. The company had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.57 billion. Parker-Hannifin had a net margin of 16.97% and a return on equity of 28.48%. Parker-Hannifin's revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the business earned $7.69 EPS. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. Sell-side analysts anticipate that Parker-Hannifin Corporation will post 34.93 EPS for the current year.

Parker-Hannifin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Monday, August 31st will be issued a $2.00 dividend. The ex-dividend date is Monday, August 31st. This represents a $8.00 dividend on an annualized basis and a yield of 0.8%. Parker-Hannifin's dividend payout ratio (DPR) is presently 28.08%.

Insider Transactions at Parker-Hannifin

In other Parker-Hannifin news, VP Berend Bracht sold 602 shares of the company's stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $1,040.47, for a total transaction of $626,362.94. Following the completion of the sale, the vice president directly owned 4,399 shares in the company, valued at $4,577,027.53. This represents a 12.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.32% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on PH shares. BMO Capital Markets reissued an "outperform" rating and issued a $1,214.00 price objective on shares of Parker-Hannifin in a research report on Friday, August 7th. Stifel Nicolaus set a $1,075.00 target price on shares of Parker-Hannifin in a research note on Friday, August 7th. Wells Fargo & Company cut their price target on Parker-Hannifin from $980.00 to $950.00 and set an "overweight" rating for the company in a report on Tuesday, May 26th. BNP Paribas Exane reissued an "outperform" rating and set a $1,220.00 price target (up from $1,090.00) on shares of Parker-Hannifin in a research note on Friday, August 7th. Finally, Susquehanna raised their price objective on Parker-Hannifin from $1,100.00 to $1,250.00 and gave the stock a "positive" rating in a report on Friday, August 7th. Seventeen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $1,100.00.

About Parker-Hannifin

Parker-Hannifin Corporation NYSE: PH is a global manufacturer and provider of motion and control technologies and systems. The company designs, manufactures and services a broad range of engineered components and systems used to control the movement and flow of liquids, gases and hydraulic power. Its product portfolio is applied across demanding environments and includes solutions for industrial manufacturing, aerospace, mobile equipment and other engineered applications.

Parker-Hannifin's product and service offerings span hydraulic and pneumatic components, fittings and fluid connectors, valves, pumps and motors, electromechanical actuators and motion-control systems, filtration and separation products, and seals and sealing systems.

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