Shelton Wealth Management LLC Increases Position in Parker-Hannifin Corporation $PH

Key Points

• Shelton Wealth Management LLC increased its stake in Parker-Hannifin by 20.1%, now owning 2,368 shares worth approximately $1,654,000.
• Major institutional investors, including GAMMA Investing LLC and Price T Rowe Associates Inc., have significantly increased their holdings in Parker-Hannifin, highlighting strong interest from hedge funds.
• Parker-Hannifin reported a quarterly earnings per share (EPS) of $7.69, surpassing estimates, and has set FY 2026 guidance for 28.400-29.400 EPS.

Shelton Wealth Management LLC increased its position in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 20.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,368 shares of the industrial products company's stock after acquiring an additional 397 shares during the period. Shelton Wealth Management LLC's holdings in Parker-Hannifin were worth $1,654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in shares of Parker-Hannifin by 5.9% during the 4th quarter. Brighton Jones LLC now owns 1,808 shares of the industrial products company's stock valued at $1,150,000 after buying an additional 101 shares during the last quarter. Bank Pictet & Cie Europe AG raised its stake in shares of Parker-Hannifin by 0.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 7,259 shares of the industrial products company's stock valued at $4,617,000 after buying an additional 55 shares during the last quarter. Bison Wealth LLC raised its stake in shares of Parker-Hannifin by 4.5% during the 4th quarter. Bison Wealth LLC now owns 749 shares of the industrial products company's stock valued at $476,000 after buying an additional 32 shares during the last quarter. State of Wyoming raised its stake in shares of Parker-Hannifin by 369.4% during the 4th quarter. State of Wyoming now owns 291 shares of the industrial products company's stock valued at $185,000 after buying an additional 229 shares during the last quarter. Finally, Waverly Advisors LLC purchased a new position in shares of Parker-Hannifin during the 4th quarter valued at about $586,000. Hedge funds and other institutional investors own 82.44% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Wells Fargo & Company lifted their price target on Parker-Hannifin from $770.00 to $800.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Susquehanna assumed coverage on Parker-Hannifin in a research note on Friday, August 15th. They issued a "positive" rating and a $860.00 price target for the company. KeyCorp lifted their price target on Parker-Hannifin from $790.00 to $810.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Barclays lifted their price target on Parker-Hannifin from $750.00 to $776.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Finally, Citigroup restated a "buy" rating and issued a $831.00 price target (up previously from $709.00) on shares of Parker-Hannifin in a research note on Monday, July 14th. Thirteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Parker-Hannifin presently has an average rating of "Moderate Buy" and a consensus target price of $770.94.

Parker-Hannifin Price Performance

Shares of Parker-Hannifin stock traded up $0.26 on Friday, hitting $755.96. 791,764 shares of the company were exchanged, compared to its average volume of 586,136. The stock has a market capitalization of $96.60 billion, a price-to-earnings ratio of 27.87, a price-to-earnings-growth ratio of 3.13 and a beta of 1.35. The company has a 50-day moving average price of $740.49 and a 200 day moving average price of $672.06. Parker-Hannifin Corporation has a 1-year low of $488.45 and a 1-year high of $779.77. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 0.55.

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

Parker-Hannifin Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were given a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Tuesday, September 2nd. Parker-Hannifin's payout ratio is presently 26.55%.

Insider Activity

In other news, COO Andrew D. Ross sold 4,361 shares of Parker-Hannifin 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 of the company's stock, valued at approximately $9,612,499.20. The trade was a 24.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Angela R. Ives sold 810 shares of Parker-Hannifin stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $727.36, for a total transaction of $589,161.60. Following the sale, the vice president directly owned 2,798 shares in the company, valued at approximately $2,035,153.28. The trade was a 22.45% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,039 shares of company stock worth $10,356,566. 0.39% of the stock is owned by company insiders.

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.