Thurston Springer Miller Herd & Titak Inc. Sells 476 Shares of Parker-Hannifin Corporation $PH

Key Points

• Thurston Springer Miller Herd & Titak Inc. sold 476 shares of Parker-Hannifin Corporation, reducing its holdings by 17.7% to 2,212 shares, which are worth approximately $1,545,000.
• Parker-Hannifin's latest earnings report showed $7.69 EPS, exceeding estimates, with a revenue of $5.24 billion for the quarter, marking a 1.1% year-over-year increase.
• Analysts have a consensus rating of "Moderate Buy" for Parker-Hannifin, with target prices ranging from $725.00 to $860.00, indicating positive sentiment for the stock's future performance.

Thurston Springer Miller Herd & Titak Inc. reduced its holdings in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 17.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,212 shares of the industrial products company's stock after selling 476 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in Parker-Hannifin were worth $1,545,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealth Preservation Advisors LLC acquired a new stake in shares of Parker-Hannifin in the first quarter valued at about $27,000. Saudi Central Bank acquired a new stake in Parker-Hannifin during the first quarter worth about $31,000. Mpwm Advisory Solutions LLC acquired a new stake in Parker-Hannifin during the fourth quarter worth about $32,000. Olde Wealth Management LLC acquired a new stake in Parker-Hannifin during the first quarter worth about $35,000. Finally, Chilton Capital Management LLC grew its position in Parker-Hannifin by 1,500.0% during the first quarter. Chilton Capital Management LLC now owns 64 shares of the industrial products company's stock worth $39,000 after buying an additional 60 shares in the last quarter. 82.44% of the stock is owned by institutional investors and hedge funds.

Parker-Hannifin Stock Performance

NYSE:PH opened at $760.08 on Monday. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $779.77. The firm has a 50 day moving average of $736.22 and a 200-day moving average of $668.50. 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 stock has a market capitalization of $97.12 billion, a P/E ratio of 28.03, a price-to-earnings-growth ratio of 3.14 and a beta of 1.35.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its quarterly earnings data 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. 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 analysts' expectations of $5.10 billion. During the same quarter in the previous year, the company posted $6.77 EPS. Parker-Hannifin'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, sell-side analysts anticipate that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were issued a $1.80 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.20 annualized dividend and a dividend yield of 0.9%. Parker-Hannifin's payout ratio is 26.55%.

Insider Buying and Selling

In other news, EVP Joseph R. Leonti sold 4,625 shares of the business's 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 owned 13,878 shares of the company's stock, valued at $10,420,157.52. The trade was a 25.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Angela R. Ives sold 810 shares of the business's stock in a transaction 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 completion of the transaction, the vice president directly owned 2,798 shares of the company's stock, valued at $2,035,153.28. This trade represents a 22.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,039 shares of company stock worth $10,356,566 over the last ninety days. Insiders own 0.39% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on PH shares. Citigroup reissued a "buy" rating and set a $831.00 target price (up from $709.00) on shares of Parker-Hannifin in a research report on Monday, July 14th. Wells Fargo & Company lifted their target price on Parker-Hannifin from $770.00 to $800.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Morgan Stanley lifted their target price on Parker-Hannifin from $700.00 to $725.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 9th. Cowen reissued a "hold" rating on shares of Parker-Hannifin in a research report on Friday, August 29th. Finally, Susquehanna began coverage on Parker-Hannifin in a report on Friday, August 15th. They set a "positive" rating and a $860.00 price objective on the stock. Thirteen 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, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $770.94.

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.

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