Trust Point Inc. Boosts Stock Position in Parker-Hannifin Corporation $PH

Key Points

• Trust Point Inc. significantly increased its holdings in Parker-Hannifin Corporation by 116.9% in the second quarter, owning 731 shares valued at approximately $511,000 post-acquisition.
• Multiple institutional investors have also boosted their stakes, with GAMMA Investing LLC increasing its holdings by an astonishing 66,111.8% to own over 1.7 million shares valued at over $1 billion.
• Parker-Hannifin reported earnings of $7.69 per share for the last quarter, surpassing analyst expectations and demonstrating a revenue increase of 1.1% year-over-year.

Trust Point Inc. increased its stake in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 116.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 731 shares of the industrial products company's stock after acquiring an additional 394 shares during the quarter. Trust Point Inc.'s holdings in Parker-Hannifin were worth $511,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC increased its stake in Parker-Hannifin by 27.2% during the 1st quarter. SG Americas Securities LLC now owns 31,011 shares of the industrial products company's stock valued at $18,850,000 after purchasing an additional 6,630 shares in the last quarter. Alley Investment Management Company LLC purchased a new stake in Parker-Hannifin during the first quarter valued at about $7,996,000. Community Financial Services Group LLC lifted its holdings in Parker-Hannifin by 1,338.2% during the first quarter. Community Financial Services Group LLC now owns 6,630 shares of the industrial products company's stock valued at $4,030,000 after purchasing an additional 6,169 shares during the last quarter. Inspire Investing LLC lifted its holdings in Parker-Hannifin by 5.1% during the first quarter. Inspire Investing LLC now owns 12,386 shares of the industrial products company's stock valued at $7,529,000 after purchasing an additional 596 shares during the last quarter. Finally, Heartland Bank & Trust Co purchased a new stake in shares of Parker-Hannifin in the first quarter worth about $260,000. Institutional investors own 82.44% of the company's stock.

Analyst Upgrades and Downgrades

PH has been the topic of a number of recent analyst reports. Cowen reissued a "hold" rating on shares of Parker-Hannifin in a report on Friday, August 29th. KeyCorp increased their price target on shares of Parker-Hannifin from $790.00 to $810.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Wall Street Zen raised Parker-Hannifin from a "hold" rating to a "buy" rating in a research note on Saturday. Deutsche Bank Aktiengesellschaft lowered Parker-Hannifin from a "buy" rating to a "hold" rating and set a $809.00 price objective for the company. in a research note on Thursday, September 4th. Finally, Wells Fargo & Company raised their price target on Parker-Hannifin from $770.00 to $800.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Thirteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $770.94.

Insider Activity at Parker-Hannifin

In other Parker-Hannifin news, VP Robert W. Malone sold 2,257 shares of the company's stock in a transaction that occurred on 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 in the company, valued at $4,286,051.56. This represents a 27.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Angela R. Ives sold 810 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were 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 of the company's stock, valued at $2,035,153.28. This represents a 22.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,039 shares of company stock worth $10,356,566 in the last quarter. 0.39% of the stock is currently owned by insiders.

Parker-Hannifin Stock Performance

NYSE PH traded up $0.26 during trading hours on Friday, hitting $755.96. The company's stock had a trading volume of 791,764 shares, compared to its average volume of 586,136. Parker-Hannifin Corporation has a 12 month low of $488.45 and a 12 month high of $779.77. The company's 50 day simple moving average is $740.49 and its two-hundred day simple moving average is $672.06. The company has a market cap of $96.60 billion, a P/E ratio of 27.87, a price-to-earnings-growth ratio of 3.13 and a beta of 1.35. 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 data 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. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The company had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same period last year, the company earned $6.77 EPS. Parker-Hannifin's revenue for the quarter 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 expect that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were paid a dividend of $1.80 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.0%. Parker-Hannifin's payout ratio is 26.55%.

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.