Transamerica Financial Advisors LLC Has $4.28 Million Holdings in Parker-Hannifin Corporation $PH

Key Points

• Transamerica Financial Advisors LLC has reduced its holdings in Parker-Hannifin Corporation by 6.5%, resulting in a total valuation of approximately $4.28 million by the end of the most recent quarter.
• Parker-Hannifin announced a quarterly dividend of $1.80 per share, which will be paid on September 12th, representing an annualized dividend of $7.20 and a yield of 0.9%.
• The company reported quarterly earnings of $7.69 per share, surpassing analysts' expectations and reflecting a year-over-year revenue growth of 1.1% with a net margin of 17.79%.

Transamerica Financial Advisors LLC trimmed its holdings in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 6.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,043 shares of the industrial products company's stock after selling 486 shares during the period. Transamerica Financial Advisors LLC's holdings in Parker-Hannifin were worth $4,281,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in PH. Mpwm Advisory Solutions LLC bought a new stake in Parker-Hannifin in the 4th quarter valued at $32,000. Olde Wealth Management LLC acquired a new position in shares of Parker-Hannifin in the first quarter valued at $35,000. Chilton Capital Management LLC raised its position in shares of Parker-Hannifin by 1,500.0% in the first quarter. Chilton Capital Management LLC now owns 64 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 60 shares during the period. Accent Capital Management LLC acquired a new stake in shares of Parker-Hannifin during the 1st quarter worth about $41,000. Finally, Sierra Ocean LLC boosted its holdings in shares of Parker-Hannifin by 89.5% during the 1st quarter. Sierra Ocean LLC now owns 72 shares of the industrial products company's stock worth $44,000 after buying an additional 34 shares during the period. 82.44% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, VP Angela R. Ives sold 810 shares of Parker-Hannifin stock in a transaction on Friday, August 8th. The stock was sold at an average price of $727.36, for a total value of $589,161.60. Following the transaction, the vice president owned 2,798 shares in the company, valued at approximately $2,035,153.28. This trade represents a 22.45% decrease in their position. 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 business's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $733.06, for a total value 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 sold a total of 9,414 shares of company stock valued at $6,883,931 over the last three months. 0.39% of the stock is owned by corporate insiders.

Parker-Hannifin Stock Performance

NYSE:PH opened at $761.57 on Wednesday. The company has a market cap of $97.31 billion, a price-to-earnings ratio of 28.08, a PEG ratio of 3.11 and a beta of 1.37. Parker-Hannifin Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $763.99. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19. The stock has a fifty day moving average price of $716.99 and a 200-day moving average price of $661.40.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 net margin of 17.79% and a return on equity of 26.80%. The business's revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the prior year, the company posted $6.77 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, equities analysts anticipate that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The company 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 is Tuesday, September 2nd. This represents a $7.20 annualized dividend and a dividend yield of 0.9%. Parker-Hannifin's dividend payout ratio (DPR) is currently 26.55%.

Analyst Ratings Changes

Several research firms have weighed in on PH. Mizuho set a $785.00 price target on shares of Parker-Hannifin in a report on Friday, May 16th. Raymond James Financial upped their target price on Parker-Hannifin from $735.00 to $845.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Citigroup reissued a "buy" rating and set a $831.00 price target (up from $709.00) on shares of Parker-Hannifin in a report on Monday, July 14th. Argus set a $680.00 price target on Parker-Hannifin in a research note on Tuesday, May 6th. Finally, Susquehanna initiated coverage on Parker-Hannifin in a research report on Friday, August 15th. They set a "positive" rating and a $860.00 price objective on the stock. Fourteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $768.71.

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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