Parker-Hannifin Corporation $PH Shares Acquired by American Trust

Key Points

• American Trust significantly increased its stake in Parker-Hannifin Corporation by 718.5%, owning 4,346 shares valued at $2.64 million after acquiring 3,815 shares in Q1.
• Insider trading activity included the sale of 1,133 shares by VP Thomas C. Gentile and 4,625 shares by EVP Joseph R. Leonti, indicating a decrease in their holdings.
• Analysts have raised price targets for Parker-Hannifin, with Citigroup setting a target of $831.00 and Raymond James Financial at $845.00, reflecting positive outlooks for the stock.

American Trust increased its stake in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 718.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,346 shares of the industrial products company's stock after buying an additional 3,815 shares during the period. American Trust's holdings in Parker-Hannifin were worth $2,642,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. 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. Mpwm Advisory Solutions LLC purchased a new position in Parker-Hannifin during the 4th quarter valued at about $32,000. Olde Wealth Management LLC purchased a new position in Parker-Hannifin during the 1st quarter valued at about $35,000. Finally, Chilton Capital Management LLC increased its position 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 purchasing an additional 60 shares during the period. Hedge funds and other institutional investors own 82.44% of the company's stock.

Parker-Hannifin Stock Performance

PH stock traded down $9.59 during trading on Friday, reaching $760.08. The company had a trading volume of 463,454 shares, compared to its average volume of 581,947. The firm has a 50-day simple moving average of $736.22 and a 200-day simple moving average of $668.36. The company has a market cap of $97.12 billion, a price-to-earnings ratio of 28.03, a price-to-earnings-growth ratio of 3.19 and a beta of 1.35. 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 twelve month low of $488.45 and a twelve month high of $779.77.

Parker-Hannifin (NYSE:PH - Get Free Report) last released its earnings results on Thursday, August 7th. The industrial products company reported $7.69 EPS for the quarter, topping analysts' consensus estimates of $7.08 by $0.61. The company 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%. Parker-Hannifin's revenue for the quarter was up 1.1% on a year-over-year basis. During the same period last year, the business earned $6.77 EPS. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, sell-side analysts expect that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were paid a $1.80 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $7.20 dividend on an annualized basis and a yield of 0.9%. Parker-Hannifin's dividend payout ratio (DPR) is 26.55%.

Insider Buying and Selling

In other Parker-Hannifin news, VP Matthew A. Jacobson sold 575 shares of Parker-Hannifin stock in a transaction that occurred 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 sale, the vice president directly owned 1,000 shares in the company, valued at approximately $733,060. The trade was a 36.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Robert W. Malone sold 2,257 shares of Parker-Hannifin stock in a transaction that occurred on Friday, August 8th. The shares were 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 of the company's stock, valued at approximately $4,286,051.56. The trade was a 27.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,039 shares of company stock worth $10,356,566 over the last ninety days. Company insiders own 0.39% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on PH shares. KeyCorp raised their target price on shares of Parker-Hannifin from $790.00 to $810.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Evercore ISI reissued an "outperform" rating on shares of Parker-Hannifin in a research report on Tuesday, August 19th. Wall Street Zen cut shares of Parker-Hannifin from a "buy" rating to a "hold" rating in a report on Sunday, September 7th. Deutsche Bank Aktiengesellschaft cut shares of Parker-Hannifin from a "buy" rating to a "hold" rating and set a $809.00 price target on the stock. in a report on Thursday, September 4th. Finally, Susquehanna began coverage on shares of Parker-Hannifin in a report on Friday, August 15th. They issued a "positive" rating and a $860.00 price target on the stock. Thirteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $770.94.

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.