SCS Capital Management LLC Makes New Investment in Parker-Hannifin Corporation $PH

Key Points

• SCS Capital Management LLC has made a new investment in Parker-Hannifin Corporation, acquiring 926 shares valued at approximately $563,000.
• Analysts forecast Parker-Hannifin will have an average earnings per share (EPS) of 26.71 for the current fiscal year, following a recent quarterly earnings of $7.69 EPS which surpassed expectations.
• Parker-Hannifin recently declared a quarterly dividend of $1.80 per share, with a payout ratio of 26.55% and an annualized yield of 0.9%.

SCS Capital Management LLC acquired a new stake in Parker-Hannifin Corporation (NYSE:PH - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 926 shares of the industrial products company's stock, valued at approximately $563,000.

Several other large investors also recently modified their holdings of PH. GAMMA Investing LLC grew its stake in shares of Parker-Hannifin by 66,111.8% in the 1st quarter. GAMMA Investing LLC now owns 1,735,412 shares of the industrial products company's stock valued at $1,054,870,000 after purchasing an additional 1,732,791 shares during the period. Nuveen LLC bought a new stake in shares of Parker-Hannifin in the 1st quarter valued at approximately $933,089,000. Royal Bank of Canada grew its stake in shares of Parker-Hannifin by 99.8% in the 4th quarter. Royal Bank of Canada now owns 2,277,001 shares of the industrial products company's stock valued at $1,448,241,000 after purchasing an additional 1,137,564 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Parker-Hannifin by 52.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,443,104 shares of the industrial products company's stock valued at $1,485,042,000 after purchasing an additional 842,262 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Parker-Hannifin by 44.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 865,970 shares of the industrial products company's stock valued at $550,783,000 after purchasing an additional 265,768 shares during the period. 82.44% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, VP Angela R. Ives sold 810 shares of the company's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $727.36, for a total value of $589,161.60. Following the completion of the sale, the vice president owned 2,798 shares in the company, valued at $2,035,153.28. This represents a 22.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Andrew D. Ross sold 4,361 shares of the company's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $732.66, for a total transaction of $3,195,130.26. Following the completion of the sale, the chief operating officer owned 13,120 shares of the company's stock, valued at approximately $9,612,499.20. This represents a 24.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,039 shares of company stock worth $10,356,566 over the last 90 days. 0.39% of the stock is currently owned by corporate insiders.

Parker-Hannifin Trading Up 0.2%

Shares of Parker-Hannifin stock traded up $1.47 on Monday, hitting $760.25. 544,489 shares of the company's stock traded hands, compared to its average volume of 737,215. The firm's 50-day moving average price is $736.22 and its two-hundred day moving average price is $668.50. The stock has a market capitalization of $97.14 billion, a PE ratio of 28.03, a price-to-earnings-growth ratio of 3.14 and a beta of 1.35. Parker-Hannifin Corporation has a one year low of $488.45 and a one year high of $779.77. 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 (NYSE:PH - Get Free Report) last issued its earnings results 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. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The company had revenue of $5.24 billion during the quarter, compared to analysts' expectations of $5.10 billion. During the same quarter in the previous year, the company posted $6.77 EPS. The business's revenue for the quarter was up 1.1% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. On average, research analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

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

Analyst Ratings Changes

PH has been the topic of several recent analyst reports. Wall Street Zen downgraded Parker-Hannifin from a "buy" rating to a "hold" rating in a report on Sunday, September 7th. Raymond James Financial boosted their target price on Parker-Hannifin from $735.00 to $845.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Wells Fargo & Company boosted their target price on Parker-Hannifin from $770.00 to $800.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Morgan Stanley boosted their target price on Parker-Hannifin from $700.00 to $725.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 9th. Finally, Stifel Nicolaus upped their price objective on Parker-Hannifin from $717.00 to $726.00 and gave the stock a "hold" rating in a report on Friday, August 8th. Thirteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, Parker-Hannifin has a consensus rating of "Moderate Buy" and an average 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.