Strategies Wealth Advisors LLC Buys New Holdings in Parker-Hannifin Corporation $PH

Key Points

• Strategies Wealth Advisors LLC has invested approximately $301,000 in Parker-Hannifin Corporation during the first quarter by acquiring 495 shares.
• Parker-Hannifin's latest earnings report revealed an earnings per share (EPS) of $7.69, exceeding analysts' estimates of $7.08 and showing a 1.1% increase in revenue year-over-year.
• The company announced a quarterly dividend of $1.80, yielding 1.0%, with a dividend payout ratio currently at 26.55%.

Strategies Wealth Advisors LLC bought a new position in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 495 shares of the industrial products company's stock, valued at approximately $301,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PH. Mpwm Advisory Solutions LLC purchased a new position in shares of Parker-Hannifin during the 4th quarter worth $32,000. Olde Wealth Management LLC purchased a new position in shares of Parker-Hannifin during the 1st quarter worth $35,000. Chilton Capital Management LLC raised its holdings in shares of 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 worth $39,000 after acquiring an additional 60 shares during the period. Accent Capital Management LLC purchased a new position in shares of Parker-Hannifin during the 1st quarter worth $41,000. Finally, Sierra Ocean LLC raised its holdings in shares of Parker-Hannifin by 89.5% during the 1st quarter. Sierra Ocean LLC now owns 72 shares of the industrial products company's stock worth $44,000 after acquiring an additional 34 shares during the period. Institutional investors and hedge funds own 82.44% of the company's stock.

Analyst Ratings Changes

PH has been the topic of several analyst reports. Mizuho set a $785.00 price target on Parker-Hannifin in a report on Friday, May 16th. KeyCorp lifted their price target on Parker-Hannifin from $790.00 to $810.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Barclays lifted their price target on Parker-Hannifin from $750.00 to $776.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Parker-Hannifin in a report on Friday, August 8th. Finally, Susquehanna started coverage on shares of Parker-Hannifin in a report on Friday, August 15th. They issued a "positive" rating and a $860.00 price objective on the stock. Fourteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Parker-Hannifin has a consensus rating of "Moderate Buy" and an average target price of $768.71.

Parker-Hannifin Trading Up 1.5%

PH traded up $11.27 on Tuesday, hitting $761.57. The company had a trading volume of 712,895 shares, compared to its average volume of 751,687. The firm has a market cap of $97.31 billion, a P/E ratio of 28.08, a PEG ratio of 3.12 and a beta of 1.37. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $763.99. The company's fifty day moving average price is $714.81 and its 200 day moving average price is $660.70. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55.

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

Parker-Hannifin Announces Dividend

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

Insider Buying and Selling

In other Parker-Hannifin news, VP Robert W. Malone sold 2,257 shares of Parker-Hannifin stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $730.66, for a total value of $1,649,099.62. Following the completion of the transaction, the vice president directly owned 5,866 shares of the company's stock, valued at $4,286,051.56. The trade was a 27.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Matthew A. Jacobson sold 575 shares of Parker-Hannifin stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $733.06, for a total value of $421,509.50. Following the completion of the transaction, the vice president directly owned 1,000 shares of the company's stock, valued at approximately $733,060. This represents a 36.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,414 shares of company stock worth $6,883,931 over the last 90 days. 0.39% of the stock is owned by insiders.

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.