Silvant Capital Management LLC Purchases 1,706 Shares of Parker-Hannifin Corporation $PH

Key Points

• Silvant Capital Management LLC significantly increased its stake in Parker-Hannifin Corporation by 1,343.3%, owning 1,833 shares valued at approximately $1.11 million.
• Parker-Hannifin's quarterly earnings exceeded analysts' expectations, reporting $7.69 EPS and revenues of $5.24 billion, which was higher than the forecast of $5.10 billion.
• The company declared a quarterly dividend of $1.80 per share, with a dividend yield of 0.9% and a current payout ratio of 26.55%.

Silvant Capital Management LLC lifted its position in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 1,343.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,833 shares of the industrial products company's stock after purchasing an additional 1,706 shares during the period. Silvant Capital Management LLC's holdings in Parker-Hannifin were worth $1,114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mpwm Advisory Solutions LLC purchased a new stake in shares of Parker-Hannifin in the fourth quarter worth $32,000. Olde Wealth Management LLC purchased a new stake in shares of Parker-Hannifin in the first quarter worth $35,000. Chilton Capital Management LLC increased its stake in shares of Parker-Hannifin by 1,500.0% in the first quarter. Chilton Capital Management LLC now owns 64 shares of the industrial products company's stock worth $39,000 after purchasing an additional 60 shares in the last quarter. Accent Capital Management LLC purchased a new stake in shares of Parker-Hannifin in the first quarter worth $41,000. Finally, Sierra Ocean LLC increased its stake in shares of Parker-Hannifin by 89.5% in the first quarter. Sierra Ocean LLC now owns 72 shares of the industrial products company's stock worth $44,000 after purchasing an additional 34 shares in the last quarter. 82.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PH has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Parker-Hannifin in a research note on Friday, August 8th. 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 note on Friday, August 8th. Wells Fargo & Company raised their target price on shares of Parker-Hannifin from $770.00 to $800.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Raymond James Financial raised 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. Finally, Argus set a $680.00 target price on shares of Parker-Hannifin in a research note on Tuesday, May 6th. Fourteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $768.71.

Parker-Hannifin Price Performance

Shares of NYSE:PH traded down $7.08 on Friday, reaching $759.76. The company's stock had a trading volume of 890,872 shares, compared to its average volume of 792,477. Parker-Hannifin Corporation has a 52-week low of $488.45 and a 52-week high of $773.30. The company has a market cap of $97.08 billion, a P/E ratio of 28.01, a PEG ratio of 3.18 and a beta of 1.37. The company has a 50-day simple moving average of $723.76 and a 200 day simple moving average of $663.28. 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 (NYSE:PH - Get Free Report) last issued its quarterly earnings data 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. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The business had revenue of $5.24 billion during the quarter, compared to analysts' expectations of $5.10 billion. During the same period last year, the company posted $6.77 EPS. The business's revenue was up 1.1% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, equities research analysts anticipate that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd will be paid a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, September 2nd. Parker-Hannifin's dividend payout ratio (DPR) is presently 26.55%.

Insiders Place Their Bets

In other Parker-Hannifin news, EVP Joseph R. Leonti sold 4,625 shares of Parker-Hannifin stock in a transaction on Monday, August 25th. The shares were sold at an average price of $750.84, for a total value of $3,472,635.00. Following the completion of the transaction, the executive vice president directly owned 13,878 shares of the company's stock, valued at $10,420,157.52. This trade represents a 25.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Angela R. Ives sold 810 shares of Parker-Hannifin stock in a transaction on Friday, August 8th. The stock was sold at an average price of $727.36, for a total transaction of $589,161.60. Following the completion of the transaction, the vice president directly owned 2,798 shares of the company's stock, valued at $2,035,153.28. The trade was a 22.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,039 shares of company stock worth $10,356,566. Insiders own 0.39% of the company's stock.

Parker-Hannifin 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.