Sequoia Financial Advisors LLC Grows Holdings in Parker-Hannifin Corporation $PH

Key Points

• Sequoia Financial Advisors LLC increased its holdings in Parker-Hannifin Corporation by 5.8% during the second quarter, now owning 53,707 shares valued at $37.5 million.
• Recent insider sales included COO Andrew D. Ross, who sold 4,361 shares for over $3.1 million, and VP Robert W. Malone, who sold 2,257 shares for approximately $1.6 million.
• Analysts have raised price targets for Parker-Hannifin, with Morgan Stanley and Raymond James suggesting targets of $725.00 and $845.00 respectively, reflecting a consensus rating of "Moderate Buy" with an average target of $786.78.

Sequoia Financial Advisors LLC lifted its holdings in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 5.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,707 shares of the industrial products company's stock after buying an additional 2,931 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Parker-Hannifin were worth $37,513,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Wealth Preservation Advisors LLC purchased a new stake in Parker-Hannifin during the 1st quarter valued at about $27,000. Saudi Central Bank purchased a new stake in Parker-Hannifin during the 1st quarter valued at about $31,000. Olde Wealth Management LLC purchased a new stake in Parker-Hannifin during the 1st quarter valued at about $35,000. Chilton Capital Management LLC grew 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 last quarter. Finally, Accent Capital Management LLC purchased a new stake in Parker-Hannifin during the 1st quarter valued at about $41,000. 82.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Parker-Hannifin news, COO Andrew D. Ross sold 4,361 shares of the firm's stock in a transaction that occurred 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 sale, the chief operating officer owned 13,120 shares in the company, valued at approximately $9,612,499.20. This trade represents a 24.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert W. Malone sold 2,257 shares of the firm's 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 sale, the vice president owned 5,866 shares in the company, valued at approximately $4,286,051.56. The trade was a 27.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,039 shares of company stock valued at $10,356,566 in the last 90 days. 0.32% of the stock is owned by insiders.

Analysts Set New Price Targets

PH has been the topic of several recent analyst reports. Morgan Stanley increased their price objective on shares of Parker-Hannifin from $700.00 to $725.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 9th. Cowen reissued a "hold" rating on shares of Parker-Hannifin in a research report on Friday, August 29th. Raymond James Financial upped their target price on shares of Parker-Hannifin from $735.00 to $845.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. KeyCorp upped their target price on shares of Parker-Hannifin from $790.00 to $810.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Parker-Hannifin from a "buy" rating to a "hold" rating and set a $809.00 target price on the stock. in a research note on Thursday, September 4th. Fourteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $786.78.

Parker-Hannifin Stock Performance

PH opened at $716.31 on Monday. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55. The company has a market cap of $90.64 billion, a price-to-earnings ratio of 26.41, a PEG ratio of 2.97 and a beta of 1.35. The company's 50 day moving average is $748.97 and its 200 day moving average is $685.90. Parker-Hannifin Corporation has a 12-month low of $488.45 and a 12-month high of $779.77.

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

Parker-Hannifin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were issued a $1.80 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.0%. Parker-Hannifin's dividend payout ratio (DPR) is presently 26.55%.

Parker-Hannifin Company Profile

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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