Townsend Asset Management Corp NC ADV Has $4.78 Million Stock Holdings in Parker-Hannifin Corporation $PH

Key Points

• Townsend Asset Management Corp NC ADV increased its holdings in Parker-Hannifin Corporation by 8.2% during Q2, owning 6,844 shares worth approximately $4.78 million.
• Parker-Hannifin reported a quarterly EPS of $7.69, exceeding estimates, with a revenue of $5.24 billion, up 1.1% year-over-year.
• The company recently announced a quarterly dividend of $1.80 per share, reflecting an annualized payout of $7.20 and a dividend yield of 1.0%.

Townsend Asset Management Corp NC ADV raised its holdings in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 8.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,844 shares of the industrial products company's stock after purchasing an additional 516 shares during the quarter. Parker-Hannifin accounts for approximately 1.7% of Townsend Asset Management Corp NC ADV's investment portfolio, making the stock its 15th biggest position. Townsend Asset Management Corp NC ADV's holdings in Parker-Hannifin were worth $4,780,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of PH. GAMMA Investing LLC boosted its holdings in shares of Parker-Hannifin by 66,111.8% in the 1st 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 acquired a new stake in shares of Parker-Hannifin in the 1st quarter valued at $933,089,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Parker-Hannifin by 52.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,443,104 shares of the industrial products company's stock valued at $1,485,042,000 after acquiring an additional 842,262 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Parker-Hannifin by 11.6% during the 1st quarter. Wellington Management Group LLP now owns 2,009,250 shares of the industrial products company's stock valued at $1,221,323,000 after acquiring an additional 208,573 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Parker-Hannifin by 23.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 996,738 shares of the industrial products company's stock valued at $605,867,000 after acquiring an additional 191,799 shares in the last quarter. Institutional investors and hedge funds own 82.44% of the company's stock.

Insider Transactions at Parker-Hannifin

In other news, VP Robert W. Malone sold 2,257 shares of Parker-Hannifin stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $730.66, for a total value of $1,649,099.62. Following the completion of the transaction, the vice president directly owned 5,866 shares of the company's stock, valued at approximately $4,286,051.56. This trade represents a 27.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Thomas C. Gentile sold 1,133 shares of Parker-Hannifin stock in a transaction dated Friday, August 8th. The stock was 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 of the company's stock, valued at approximately $3,986,717.50. This trade represents a 17.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,039 shares of company stock worth $10,356,566. Corporate insiders own 0.39% of the company's stock.

Parker-Hannifin Stock Up 0.8%

Shares of PH opened at $751.34 on Friday. The company has a market capitalization of $95.07 billion, a PE ratio of 27.70, a PEG ratio of 3.09 and a beta of 1.35. Parker-Hannifin Corporation has a 12 month low of $488.45 and a 12 month high of $779.77. The stock's 50-day moving average price is $744.31 and its two-hundred day moving average price is $676.26. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced its 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 firm had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.10 billion. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The business's quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned $6.77 EPS. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. On average, analysts anticipate that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were given 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 1.0%. Parker-Hannifin's dividend payout ratio (DPR) is 26.55%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on PH shares. Wall Street Zen raised Parker-Hannifin from a "hold" rating to a "buy" rating in a report on Saturday, September 20th. Morgan Stanley raised their price objective on Parker-Hannifin from $700.00 to $725.00 and gave the company an "equal weight" rating in a report on Wednesday, July 9th. Susquehanna started 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. Deutsche Bank Aktiengesellschaft downgraded Parker-Hannifin from a "buy" rating to a "hold" rating and set a $809.00 price objective on the stock. in a report on Thursday, September 4th. Finally, KeyCorp raised their price objective on Parker-Hannifin from $790.00 to $810.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Thirteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $770.94.

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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