Parker-Hannifin Corporation $PH Stock Position Raised by Prairie Advisory LLC

Key Points

• Prairie Advisory LLC nearly doubled its Parker-Hannifin position in the third quarter, increasing holdings by 96.6% to 6,986 shares worth approximately $6.7 million. Institutional investors and hedge funds collectively own 82.44% of PH.
• Parker-Hannifin’s shares recently traded at $968.14, while the company reported quarterly EPS of $9.27 and revenue of $5.75 billion, surpassing analyst estimates. The stock has a “Moderate Buy” consensus rating with an average price target of $1,146.35.
• The company declared a quarterly dividend of $2 per share, equivalent to an annualized dividend of $8 and a 0.8% yield.

Prairie Advisory LLC boosted its position in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 96.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,986 shares of the industrial products company's stock after purchasing an additional 3,433 shares during the period. Parker-Hannifin comprises 0.8% of Prairie Advisory LLC's investment portfolio, making the stock its 25th biggest position. Prairie Advisory LLC's holdings in Parker-Hannifin were worth $6,675,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PH. Polaris Financial Partners purchased a new stake in shares of Parker-Hannifin in the 3rd quarter worth about $26,000. Archer Investment Corp purchased a new position in Parker-Hannifin during the 2nd quarter valued at about $28,000. Pension & Wealth Management Advisors Inc. acquired a new position in Parker-Hannifin during the third quarter worth about $30,000. NFSG Corp raised its position in Parker-Hannifin by 94.4% during the first quarter. NFSG Corp now owns 35 shares of the industrial products company's stock worth $31,000 after acquiring an additional 17 shares during the last quarter. Finally, Bell Investment Advisors Inc purchased a new stake in shares of Parker-Hannifin in the second quarter valued at about $35,000. 82.44% of the stock is owned by institutional investors and hedge funds.

Parker-Hannifin Trading Up 0.5%

PH traded up $4.80 during midday trading on Monday, hitting $968.14. The company's stock had a trading volume of 162,826 shares, compared to its average volume of 682,430. The company has a current ratio of 1.26, a quick ratio of 0.74 and a debt-to-equity ratio of 0.44. The firm has a market cap of $122.09 billion, a P/E ratio of 33.98, a PEG ratio of 2.69 and a beta of 1.12. The firm has a 50-day moving average price of $980.15 and a two-hundred day moving average price of $950.62. Parker-Hannifin Corporation has a 52-week low of $734.72 and a 52-week high of $1,099.94.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The industrial products company reported $9.27 EPS for the quarter, beating analysts' consensus estimates of $8.31 by $0.96. The company had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.57 billion. Parker-Hannifin had a net margin of 16.97% and a return on equity of 28.48%. The company's quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $7.69 EPS. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. On average, research analysts anticipate that Parker-Hannifin Corporation will post 35.60 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Monday, August 31st were given a dividend of $2.00 per share. The ex-dividend date of this dividend was Monday, August 31st. This represents a $8.00 annualized dividend and a yield of 0.8%. Parker-Hannifin's dividend payout ratio is 28.08%.

Wall Street Analyst Weigh In

Several analysts have recently commented on PH shares. Wall Street Zen lowered shares of Parker-Hannifin from a "buy" rating to a "hold" rating in a research report on Saturday, August 22nd. Susquehanna lifted their price objective on Parker-Hannifin from $1,100.00 to $1,250.00 and gave the stock a "positive" rating in a research report on Friday, August 7th. KeyCorp upped their target price on Parker-Hannifin from $1,100.00 to $1,210.00 and gave the company an "overweight" rating in a research note on Friday, August 7th. Argus increased their target price on Parker-Hannifin from $1,030.00 to $1,200.00 and gave the company a "buy" rating in a report on Monday, August 10th. Finally, Citigroup raised their price target on Parker-Hannifin from $1,232.00 to $1,234.00 and gave the stock a "buy" rating in a research report on Monday, October 12th. Eighteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $1,146.35.

Insider Buying and Selling

In other Parker-Hannifin news, VP Berend Bracht sold 602 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $1,040.47, for a total transaction of $626,362.94. Following the transaction, the vice president owned 4,399 shares of the company's stock, valued at $4,577,027.53. This trade represents a 12.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.35% of the company's stock.

Parker-Hannifin Company Profile

Parker-Hannifin Corporation is a diversified manufacturer of motion and control technologies and systems. The company serves aerospace, industrial, and other specialized markets with products designed to control the movement and flow of liquids and gases, as well as mechanical motion and power.

Its product portfolio includes hydraulic and pneumatic systems, filtration and process-control equipment, electromechanical technologies, sealing and shielding products, connectors, pumps, valves, and related components.

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