Texas Capital Bank Wealth Management Services Inc Takes $465,000 Position in Parker-Hannifin Corporation $PH

Key Points

• Texas Capital Bank Wealth Management Services Inc made a new investment in Parker-Hannifin Corporation, purchasing 765 shares valued at approximately $465,000 in the first quarter.
• Insider trading activity includes significant sales by two vice presidents, with a combined total of over $1.4 million in shares sold, reflecting notable decreases in their ownership stakes.
• Analysts have increased their price targets for Parker-Hannifin, with Citigroup raising its target to $831.00 and Stifel Nicolaus setting it at $726.00, contributing to a consensus rating of "Moderate Buy."

Texas Capital Bank Wealth Management Services Inc acquired a new position in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 765 shares of the industrial products company's stock, valued at approximately $465,000.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in shares of Parker-Hannifin by 66,111.8% in the first quarter. GAMMA Investing LLC now owns 1,735,412 shares of the industrial products company's stock valued at $1,054,870,000 after purchasing an additional 1,732,791 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Parker-Hannifin in the first quarter valued at about $933,089,000. Royal Bank of Canada lifted its holdings in shares of Parker-Hannifin by 99.8% in the fourth quarter. Royal Bank of Canada now owns 2,277,001 shares of the industrial products company's stock valued at $1,448,241,000 after purchasing an additional 1,137,564 shares in the last quarter. OMERS ADMINISTRATION Corp lifted its holdings in shares of Parker-Hannifin by 6,912.4% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 312,472 shares of the industrial products company's stock valued at $198,742,000 after purchasing an additional 308,016 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Parker-Hannifin by 44.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 865,970 shares of the industrial products company's stock valued at $550,783,000 after purchasing an additional 265,768 shares in the last quarter. Hedge funds and other institutional investors own 82.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Mizuho set a $785.00 price target on shares of Parker-Hannifin in a report on Friday, May 16th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Parker-Hannifin in a report on Friday, August 8th. Barclays upped their price target on shares of Parker-Hannifin from $750.00 to $776.00 and gave the company an "overweight" rating in a report on Friday, August 8th. KeyCorp upped their price target on shares of Parker-Hannifin from $790.00 to $810.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Finally, Argus set a $680.00 price target on shares of Parker-Hannifin in a report on Tuesday, May 6th. Fourteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $768.71.

Parker-Hannifin Trading Up 2.6%

Shares of PH traded up $19.3280 on Friday, hitting $752.3780. 725,793 shares of the stock traded hands, compared to its average volume of 767,288. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $763.99. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 0.55. The stock's 50 day moving average is $713.04 and its two-hundred day moving average is $660.65. The firm has a market capitalization of $96.14 billion, a P/E ratio of 27.74, a P/E/G ratio of 3.04 and a beta of 1.37.

Parker-Hannifin (NYSE:PH - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The industrial products company reported $7.69 EPS for the quarter, topping the consensus estimate of $7.08 by $0.61. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The firm had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.10 billion. During the same quarter in the prior year, the business posted $6.77 earnings per share. Parker-Hannifin's revenue for the quarter was up 1.1% compared to the same quarter last year. 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 year.

Parker-Hannifin Dividend Announcement

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

Insider Activity

In related news, COO Andrew D. Ross sold 4,361 shares of the company'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 completion of the transaction, the chief operating officer owned 13,120 shares of the company's stock, valued at approximately $9,612,499.20. This represents a 24.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Matthew A. Jacobson sold 575 shares of the company's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $733.06, for a total transaction of $421,509.50. Following the transaction, the vice president directly owned 1,000 shares of the company's stock, valued at $733,060. This trade represents a 36.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,414 shares of company stock valued at $6,883,931 in the last ninety days. 0.39% of the stock is owned by company 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.