Stratos Wealth Partners LTD. Purchases 3,353 Shares of Parker-Hannifin Corporation $PH

Key Points

• Stratos Wealth Partners LTD. increased its stake in Parker-Hannifin Corporation by 16.4%, acquiring an additional 3,353 shares, bringing its total to 23,781 shares valued at $16,610,000.
• Parker-Hannifin recently reported earnings per share of $7.69 for the last quarter, exceeding analysts' estimates of $7.08, with a revenue of $5.24 billion.
• The company's quarterly dividend of $1.80 per share was paid on September 12th, representing an annualized yield of 1.0% and a payout ratio of 26.55%.

Stratos Wealth Partners LTD. raised its position in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 16.4% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 23,781 shares of the industrial products company's stock after acquiring an additional 3,353 shares during the period. Stratos Wealth Partners LTD.'s holdings in Parker-Hannifin were worth $16,610,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Alley Investment Management Company LLC bought a new stake in Parker-Hannifin in the 1st quarter valued at approximately $7,996,000. Community Financial Services Group LLC lifted its stake in Parker-Hannifin by 1,338.2% in the 1st quarter. Community Financial Services Group LLC now owns 6,630 shares of the industrial products company's stock valued at $4,030,000 after acquiring an additional 6,169 shares in the last quarter. Inspire Investing LLC lifted its stake in Parker-Hannifin by 5.1% in the 1st quarter. Inspire Investing LLC now owns 12,386 shares of the industrial products company's stock valued at $7,529,000 after acquiring an additional 596 shares in the last quarter. Heartland Bank & Trust Co bought a new stake in Parker-Hannifin in the 1st quarter valued at approximately $260,000. Finally, Geneos Wealth Management Inc. lifted its stake in Parker-Hannifin by 20.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,194 shares of the industrial products company's stock valued at $1,334,000 after acquiring an additional 379 shares in the last quarter. Institutional investors own 82.44% of the company's stock.

Parker-Hannifin Stock Down 1.8%

PH stock opened at $724.88 on Friday. 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 firm has a market capitalization of $91.73 billion, a PE ratio of 26.73, a PEG ratio of 3.05 and a beta of 1.35. Parker-Hannifin Corporation has a 1-year low of $488.45 and a 1-year high of $779.77. The business's 50 day simple moving average is $750.37 and its 200 day simple moving average is $688.28.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share for the quarter, topping analysts' consensus estimates of $7.08 by $0.61. The business had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.10 billion. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The firm's revenue was up 1.1% compared to the same quarter last year. 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, research analysts anticipate that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

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

Insider Transactions at Parker-Hannifin

In other Parker-Hannifin news, VP Angela R. Ives sold 810 shares of the company's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $727.36, for a total value of $589,161.60. Following the transaction, the vice president directly owned 2,798 shares of the company's stock, valued at $2,035,153.28. This represents a 22.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Thomas C. Gentile sold 1,133 shares of the company's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $729.50, for a total value of $826,523.50. Following the completion of the transaction, the vice president directly owned 5,465 shares in the company, valued at approximately $3,986,717.50. This represents a 17.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,039 shares of company stock worth $10,356,566. 0.32% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Weiss Ratings reiterated a "buy (b)" rating on shares of Parker-Hannifin in a research note on Wednesday, October 8th. Truist Financial upped their price objective on Parker-Hannifin from $822.00 to $910.00 and gave the stock a "buy" rating in a research note on Wednesday, October 8th. KeyCorp upped their price objective on Parker-Hannifin from $810.00 to $825.00 and gave the stock an "overweight" rating in a research note on Tuesday. Wells Fargo & Company upped their price objective on Parker-Hannifin from $800.00 to $840.00 and gave the stock an "overweight" rating in a research note on Monday, October 6th. Finally, Evercore ISI reiterated an "outperform" rating on shares of Parker-Hannifin in a research note on Tuesday, August 19th. Thirteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Parker-Hannifin presently has a consensus rating of "Moderate Buy" and a consensus price target of $787.61.

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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