Tidal Investments LLC Has $19.99 Million Holdings in Parker-Hannifin Corporation $PH

Key Points

• Tidal Investments reduced its Parker-Hannifin stake by 37.3% in the second quarter, selling 12,144 shares and retaining 20,433 shares valued at approximately $19.99 million. Institutional investors own 82.44% of the company.
• Parker-Hannifin reported a strong quarter, with EPS of $9.27 beating estimates by $0.96 and revenue of $5.75 billion rising 9.8% year over year. The company also issued fiscal 2027 EPS guidance of $34.25–$35.25.
• Analysts remain broadly positive, with 17 Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $1,114.55. The company declared a quarterly dividend of $2.00 per share, equal to an annualized yield of about 0.9%.

Tidal Investments LLC reduced its holdings in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 37.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,433 shares of the industrial products company's stock after selling 12,144 shares during the period. Tidal Investments LLC's holdings in Parker-Hannifin were worth $19,986,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Archer Investment Corp acquired a new stake in Parker-Hannifin during the second quarter worth approximately $28,000. HFM Investment Advisors LLC lifted its stake in Parker-Hannifin by 1,000.0% in the fourth quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company's stock valued at $29,000 after buying an additional 30 shares during the period. Texas Capital Bancshares Inc TX bought a new position in shares of Parker-Hannifin during the 3rd quarter worth approximately $25,000. Lloyd Advisory Services LLC. acquired a new stake in shares of Parker-Hannifin during the 4th quarter worth approximately $31,000. Finally, NFSG Corp increased its stake in shares of Parker-Hannifin by 94.4% in the 1st quarter. NFSG Corp now owns 35 shares of the industrial products company's stock valued at $31,000 after acquiring an additional 17 shares in the last quarter. 82.44% of the stock is owned by institutional investors.

Insider Activity at Parker-Hannifin

In related news, VP Berend Bracht sold 602 shares of the business's stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $1,040.47, for a total transaction of $626,362.94. Following the sale, the vice president directly owned 4,399 shares in the company, valued at approximately $4,577,027.53. The trade was a 12.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.32% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on PH. Sanford C. Bernstein increased their target price on shares of Parker-Hannifin from $1,037.00 to $1,218.00 and gave the stock an "outperform" rating in a research note on Friday, August 14th. BNP Paribas Exane reaffirmed an "outperform" rating and issued a $1,220.00 price target (up from $1,090.00) on shares of Parker-Hannifin in a research note on Friday, August 7th. Stifel Nicolaus set a $1,075.00 price objective on shares of Parker-Hannifin in a report on Friday, August 7th. Truist Financial increased their price objective on shares of Parker-Hannifin from $1,269.00 to $1,358.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Finally, Wall Street Zen downgraded Parker-Hannifin from a "buy" rating to a "hold" rating in a research note on Saturday, August 22nd. Seventeen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,114.55.

Parker-Hannifin Price Performance

Parker-Hannifin stock opened at $933.97 on Friday. Parker-Hannifin Corporation has a 52 week low of $715.37 and a 52 week high of $1,099.94. The company's 50 day moving average price is $989.89 and its two-hundred day moving average price is $947.46. The stock has a market cap of $117.73 billion, a P/E ratio of 32.78, a P/E/G ratio of 2.58 and a beta of 1.13. The company has a quick ratio of 0.74, a current ratio of 1.26 and a debt-to-equity ratio of 0.44.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced its earnings results on Thursday, August 6th. The industrial products company reported $9.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.31 by $0.96. The firm had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.57 billion. Parker-Hannifin had a return on equity of 28.48% and a net margin of 16.97%.The business's revenue was up 9.8% compared to the same quarter last year. During the same period last year, the firm posted $7.69 EPS. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. On average, equities analysts predict that Parker-Hannifin Corporation will post 35 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Monday, August 31st will be issued a dividend of $2.00 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $8.00 dividend on an annualized basis and a yield of 0.9%. Parker-Hannifin's payout ratio is presently 28.08%.

About Parker-Hannifin

Parker-Hannifin Corporation NYSE: PH is a diversified manufacturer of motion and control technologies. The company develops and produces systems and components that manage the movement and flow of liquids, gases and other materials for industrial, mobile and aerospace applications.

Its products include hydraulic and pneumatic systems, fluid connectors, filtration and process-control equipment, electromechanical technologies, seals, thermal-management solutions and aerospace systems. Parker-Hannifin serves manufacturers and operators in markets such as factory automation, transportation, energy, construction, life sciences and aviation.

Founded in 1917, Parker-Hannifin is headquartered in Cleveland, Ohio, and serves customers through manufacturing, distribution and sales operations across North America, Europe, Asia and other international markets.

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