Two Point Capital Management Inc. Invests $10.41 Million in Parker-Hannifin Corporation $PH

Key Points

• Two Point Capital Management Inc. invested approximately $10.41 million in Parker-Hannifin Corporation, acquiring 14,907 shares, which now represents 4.4% of their investment portfolio.
• Parker-Hannifin recently reported $7.69 EPS for the quarter, exceeding estimates, and had a revenue of $5.24 billion, showing a year-over-year increase of 1.1%.
• The company also declared a quarterly dividend of $1.80 per share, resulting in an annualized dividend yield of 1.0% and a payout ratio of 26.55%.

Two Point Capital Management Inc. acquired a new stake in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 14,907 shares of the industrial products company's stock, valued at approximately $10,412,000. Parker-Hannifin comprises approximately 4.4% of Two Point Capital Management Inc.'s investment portfolio, making the stock its 10th biggest position.

A number of other hedge funds also recently bought and sold shares of PH. Wealth Preservation Advisors LLC purchased a new stake in Parker-Hannifin in the first quarter worth approximately $27,000. Saudi Central Bank bought a new stake in shares of Parker-Hannifin in the 1st quarter worth approximately $31,000. Olde Wealth Management LLC purchased a new stake in shares of Parker-Hannifin in the 1st quarter valued at $35,000. Chilton Capital Management LLC grew its holdings in shares of 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 purchasing an additional 60 shares during the last quarter. Finally, Accent Capital Management LLC purchased a new position in Parker-Hannifin in the 1st quarter worth $41,000. Institutional investors own 82.44% of the company's stock.

Parker-Hannifin Trading Up 0.3%

NYSE PH opened at $757.70 on Friday. The stock's 50 day moving average is $746.95 and its 200 day moving average is $680.32. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $95.88 billion, a PE ratio of 27.94, 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.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 EPS for the quarter, beating 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 business had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.10 billion. During the same quarter last year, the firm posted $6.77 earnings per share. The company'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. Research analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

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

Insider Activity

In other news, VP Robert W. Malone sold 2,257 shares of the stock in a transaction 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 sale, the vice president directly owned 5,866 shares of the company's stock, valued at approximately $4,286,051.56. This represents a 27.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Angela R. Ives sold 810 shares of Parker-Hannifin stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $727.36, for a total value 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. This represents a 22.45% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,039 shares of company stock valued at $10,356,566. 0.32% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. KeyCorp raised 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. Evercore ISI reiterated an "outperform" rating on shares of Parker-Hannifin in a report on Tuesday, August 19th. Raymond James Financial raised their target price on Parker-Hannifin from $735.00 to $845.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Morgan Stanley boosted their price target on Parker-Hannifin from $700.00 to $725.00 and gave the company an "equal weight" rating in a report on Wednesday, July 9th. Finally, Deutsche Bank Aktiengesellschaft cut Parker-Hannifin from a "buy" rating to a "hold" rating and set a $809.00 price objective for the company. in a report on Thursday, September 4th. Thirteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $771.44.

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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