Tompkins Financial Corp Boosts Stake in Parker-Hannifin Corporation $PH

Key Points

• Tompkins Financial Corp increased its holdings in Parker-Hannifin Corporation by 23.2%, owning 2,986 shares valued at about $2.086 million as of the end of Q2.
• Insider selling occurred recently, with VP Robert W. Malone selling 2,257 shares at an average price of $730.66, reflecting a 27.79% decrease in his ownership.
• Parker-Hannifin reported earnings of $7.69 per share for the last quarter, exceeding expectations, and set FY 2026 earnings guidance between $28.400-$29.400 EPS.

Tompkins Financial Corp boosted its position in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 23.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,986 shares of the industrial products company's stock after acquiring an additional 562 shares during the quarter. Tompkins Financial Corp's holdings in Parker-Hannifin were worth $2,086,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wealth Preservation Advisors LLC purchased a new position in Parker-Hannifin during the 1st quarter valued at about $27,000. Mpwm Advisory Solutions LLC purchased a new position in Parker-Hannifin during the 4th quarter valued at about $32,000. Saudi Central Bank purchased a new position in Parker-Hannifin during the 1st quarter valued at about $31,000. Olde Wealth Management LLC purchased a new position in Parker-Hannifin during the 1st quarter valued at about $35,000. Finally, Chilton Capital Management LLC boosted its holdings in 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 valued at $39,000 after acquiring an additional 60 shares during the period. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Parker-Hannifin Stock Up 0.0%

Shares of NYSE PH traded up $0.26 during midday trading on Friday, hitting $755.96. 791,764 shares of the company's stock were exchanged, compared to its average volume of 586,136. The company has a market cap of $96.60 billion, a PE ratio of 27.87, a P/E/G ratio of 3.13 and a beta of 1.35. Parker-Hannifin Corporation has a twelve month low of $488.45 and a twelve month high of $779.77. The firm's fifty day simple moving average is $740.49 and its 200-day simple moving average is $671.84. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71.

Parker-Hannifin (NYSE:PH - Get Free Report) last released 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. The company 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 quarter in the previous year, the company posted $6.77 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Research analysts predict 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. Shareholders of record on Tuesday, September 2nd were given a dividend of $1.80 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.20 annualized dividend and a yield of 1.0%. Parker-Hannifin's payout ratio is 26.55%.

Insider Activity at Parker-Hannifin

In other Parker-Hannifin news, EVP Joseph R. Leonti sold 4,625 shares of Parker-Hannifin stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $750.84, for a total transaction of $3,472,635.00. Following 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Thomas C. Gentile sold 1,133 shares of the business's stock in a transaction that occurred 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. The trade was a 17.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,039 shares of company stock valued at $10,356,566 over the last 90 days. 0.39% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on PH shares. Morgan Stanley raised their target price on Parker-Hannifin from $700.00 to $725.00 and gave the company an "equal weight" rating in a report on Wednesday, July 9th. KeyCorp lifted their price objective on Parker-Hannifin from $790.00 to $810.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Barclays lifted their price objective on Parker-Hannifin from $750.00 to $776.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Wells Fargo & Company lifted their price objective on Parker-Hannifin from $770.00 to $800.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Finally, Citigroup reiterated a "buy" rating and issued a $831.00 price objective (up previously from $709.00) on shares of Parker-Hannifin in a research note on Monday, July 14th. Thirteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.