Turtle Creek Wealth Advisors LLC Has $7.79 Million Stock Holdings in Parker-Hannifin Corporation $PH

Key Points

• Turtle Creek Wealth Advisors LLC increased its position in Parker-Hannifin Corporation by 4.5%, holding 11,148 shares valued at approximately $7.79 million.
• Parker-Hannifin reported earnings of $7.69 per share for the last quarter, exceeding analysts' expectations, with total revenue of $5.24 billion.
• The company announced a quarterly dividend of $1.80 per share, which gives an annual yield of 1.0% and reflects a dividend payout ratio of 26.55%.

Turtle Creek Wealth Advisors LLC lifted its position in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 4.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,148 shares of the industrial products company's stock after purchasing an additional 481 shares during the period. Turtle Creek Wealth Advisors LLC's holdings in Parker-Hannifin were worth $7,787,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of PH. Brighton Jones LLC increased its stake in shares of Parker-Hannifin by 5.9% during the 4th quarter. Brighton Jones LLC now owns 1,808 shares of the industrial products company's stock worth $1,150,000 after purchasing an additional 101 shares during the last quarter. Bison Wealth LLC increased its stake in shares of Parker-Hannifin by 4.5% during the 4th quarter. Bison Wealth LLC now owns 749 shares of the industrial products company's stock worth $476,000 after purchasing an additional 32 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Parker-Hannifin by 8.9% during the 1st quarter. GAMMA Investing LLC now owns 2,855 shares of the industrial products company's stock worth $1,735,000 after purchasing an additional 234 shares during the last quarter. Ritholtz Wealth Management increased its stake in shares of Parker-Hannifin by 33.9% during the 1st quarter. Ritholtz Wealth Management now owns 2,027 shares of the industrial products company's stock worth $1,232,000 after purchasing an additional 513 shares during the last quarter. Finally, Sowell Financial Services LLC acquired a new position in Parker-Hannifin in the 1st quarter valued at about $1,357,000. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Parker-Hannifin Stock Performance

Shares of Parker-Hannifin stock opened at $736.06 on Thursday. The company has a 50 day moving average of $750.39 and a 200-day moving average of $687.48. Parker-Hannifin Corporation has a 1-year low of $488.45 and a 1-year high of $779.77. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55. The company has a market cap of $93.14 billion, a PE ratio of 27.14, a price-to-earnings-growth ratio of 3.04 and a beta of 1.35.

Parker-Hannifin (NYSE:PH - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share for the quarter, topping analysts' consensus estimates of $7.08 by $0.61. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The company had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter in the prior year, the firm posted $6.77 EPS. The firm's quarterly revenue 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, equities research analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

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 $1.80 dividend. 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 dividend payout ratio is presently 26.55%.

Insiders Place Their Bets

In related news, COO Andrew D. Ross sold 4,361 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $732.66, for a total value of $3,195,130.26. Following the completion of the transaction, the chief operating officer owned 13,120 shares of the company's stock, valued at $9,612,499.20. This represents a 24.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 transaction of $589,161.60. Following the completion of the transaction, the vice president directly owned 2,798 shares of the company's stock, valued at approximately $2,035,153.28. The trade was a 22.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,039 shares of company stock worth $10,356,566 over the last 90 days. Insiders own 0.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Stifel Nicolaus upped their price target on shares of Parker-Hannifin from $717.00 to $726.00 and gave the company a "hold" rating in a research note on Friday, August 8th. Wells Fargo & Company upped their price target on shares of Parker-Hannifin from $800.00 to $840.00 and gave the company an "overweight" rating in a research note on Monday, October 6th. Weiss Ratings reiterated a "buy (b)" rating on shares of Parker-Hannifin in a research note on Wednesday, October 8th. Truist Financial upped their price target on shares of Parker-Hannifin from $822.00 to $910.00 and gave the company a "buy" rating in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Parker-Hannifin from a "hold" rating to a "buy" rating in a research note on Saturday, September 20th. Fourteen equities 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 stock has an average rating of "Moderate Buy" and an average price target of $787.61.

Parker-Hannifin 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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