Parker-Hannifin Corporation $PH Shares Sold by Kestra Advisory Services LLC

Key Points

• Kestra Advisory Services LLC reduced its stake in Parker-Hannifin Corporation by 0.6%, now holding 604,387 shares, which constitutes about 1.8% of its total portfolio valued at approximately $367.4 million.
• Parker-Hannifin reported a strong quarterly earnings performance with $7.69 earnings per share, surpassing estimates and showing a revenue increase of 1.1% year-over-year.
• The company declared a $1.80 quarterly dividend with a yield of 1.0%, indicating ongoing commitment to returning value to shareholders amidst positive financial results.

Kestra Advisory Services LLC lessened its position in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 0.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 604,387 shares of the industrial products company's stock after selling 3,743 shares during the period. Parker-Hannifin comprises approximately 1.8% of Kestra Advisory Services LLC's holdings, making the stock its 3rd biggest holding. Kestra Advisory Services LLC owned about 0.47% of Parker-Hannifin worth $367,377,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its position in shares of Parker-Hannifin by 27.2% during the first quarter. SG Americas Securities LLC now owns 31,011 shares of the industrial products company's stock worth $18,850,000 after purchasing an additional 6,630 shares in the last quarter. Alley Investment Management Company LLC acquired a new position in shares of Parker-Hannifin during the first quarter valued at $7,996,000. Community Financial Services Group LLC increased its position in Parker-Hannifin by 1,338.2% in the first quarter. Community Financial Services Group LLC now owns 6,630 shares of the industrial products company's stock worth $4,030,000 after purchasing an additional 6,169 shares during the period. Heartland Bank & Trust Co acquired a new position in Parker-Hannifin during the 1st quarter valued at about $260,000. Finally, Banco Santander S.A. boosted its stake in shares of Parker-Hannifin by 70.2% in the 1st quarter. Banco Santander S.A. now owns 35,645 shares of the industrial products company's stock valued at $21,667,000 after purchasing an additional 14,705 shares during the last quarter. 82.44% of the stock is owned by institutional investors.

Parker-Hannifin Stock Performance

Shares of Parker-Hannifin stock opened at $732.63 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71. Parker-Hannifin Corporation has a one year low of $488.45 and a one year high of $763.99. The firm has a market cap of $93.61 billion, a price-to-earnings ratio of 27.01, a price-to-earnings-growth ratio of 3.08 and a beta of 1.37. The stock's 50-day moving average is $711.07 and its 200-day moving average is $660.22.

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

Parker-Hannifin Announces Dividend

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

Insider Buying and Selling

In related news, VP Robert W. Malone sold 2,257 shares of Parker-Hannifin stock in a transaction that occurred 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 $4,286,051.56. The trade was a 27.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Matthew A. Jacobson sold 575 shares of the company's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $733.06, for a total value of $421,509.50. Following the sale, the vice president owned 1,000 shares of the company's stock, valued at $733,060. This trade represents a 36.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,414 shares of company stock worth $6,883,931 over the last ninety days. 0.39% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

PH has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Parker-Hannifin in a research note on Friday, August 8th. Morgan Stanley lifted their price objective on shares of Parker-Hannifin from $700.00 to $725.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 9th. Mizuho set a $785.00 target price on shares of Parker-Hannifin in a research note on Friday, May 16th. KeyCorp lifted their price target on shares of Parker-Hannifin from $790.00 to $810.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Finally, Evercore ISI reissued an "outperform" rating on shares of Parker-Hannifin in a report on Tuesday. Fourteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.

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