US Bancorp DE Sells 1,082 Shares of Parker-Hannifin Corporation $PH

Key Points

• US Bancorp DE reduced its stake in Parker-Hannifin Corporation by 1.4%, selling 1,082 shares and holding a total of 78,500 shares worth approximately $54.83 million.
• Parker-Hannifin reported a quarterly earnings beat with $7.69 EPS, exceeding expectations of $7.08 and showing a 1.1% increase in revenue year-over-year.
• The company recently declared a quarterly dividend of $1.80 per share, resulting in a 1.0% yield and a payout ratio of 26.55%.

US Bancorp DE lessened its holdings in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 1.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,500 shares of the industrial products company's stock after selling 1,082 shares during the quarter. US Bancorp DE owned approximately 0.06% of Parker-Hannifin worth $54,830,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Columbus Macro LLC increased its position in Parker-Hannifin by 7.7% during the 2nd quarter. Columbus Macro LLC now owns 11,868 shares of the industrial products company's stock valued at $8,290,000 after purchasing an additional 846 shares during the period. Schrum Private Wealth Management LLC acquired a new stake in Parker-Hannifin during the 2nd quarter valued at approximately $213,000. Maryland State Retirement & Pension System increased its position in Parker-Hannifin by 4.6% during the 2nd quarter. Maryland State Retirement & Pension System now owns 6,256 shares of the industrial products company's stock valued at $4,370,000 after purchasing an additional 275 shares during the period. Optas LLC acquired a new stake in Parker-Hannifin during the 2nd quarter valued at approximately $219,000. Finally, Clear Creek Financial Management LLC increased its position in Parker-Hannifin by 12.1% during the 2nd quarter. Clear Creek Financial Management LLC now owns 1,258 shares of the industrial products company's stock valued at $879,000 after purchasing an additional 136 shares during the period. Institutional investors and hedge funds own 82.44% of the company's stock.

Parker-Hannifin Stock Performance

Shares of PH stock opened at $738.74 on Friday. The firm has a 50 day moving average of $748.87 and a 200-day moving average of $684.70. Parker-Hannifin Corporation has a 52 week low of $488.45 and a 52 week high of $779.77. 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 company has a market cap of $93.48 billion, a price-to-earnings ratio of 27.24, a price-to-earnings-growth ratio of 3.12 and a beta of 1.35.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.08 by $0.61. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The business had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter last year, the firm posted $6.77 EPS. Parker-Hannifin's revenue was up 1.1% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. On average, equities analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors 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 yield of 1.0%. Parker-Hannifin's dividend payout ratio (DPR) is presently 26.55%.

Analysts Set New Price Targets

A number of research firms have weighed in on PH. Wells Fargo & Company increased their target price on shares of Parker-Hannifin from $800.00 to $840.00 and gave the company an "overweight" rating in a research report on Monday. Wall Street Zen raised shares of Parker-Hannifin from a "hold" rating to a "buy" rating in a research report on Saturday, September 20th. Evercore ISI reissued an "outperform" rating on shares of Parker-Hannifin in a research report on Tuesday, August 19th. Cowen reissued a "hold" rating on shares of Parker-Hannifin in a research report on Friday, August 29th. Finally, KeyCorp raised their price objective on shares of Parker-Hannifin from $790.00 to $810.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Fourteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Parker-Hannifin currently has a consensus rating of "Moderate Buy" and a consensus target price of $786.78.

Insiders Place Their Bets

In related news, EVP Joseph R. Leonti sold 4,625 shares of Parker-Hannifin stock in a transaction on Monday, August 25th. The shares were sold at an average price of $750.84, for a total value of $3,472,635.00. Following the completion of the sale, the executive vice president owned 13,878 shares of the company's stock, valued at approximately $10,420,157.52. This trade represents a 25.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Robert W. Malone sold 2,257 shares of Parker-Hannifin stock in a transaction on Friday, August 8th. The shares were sold at an average price of $730.66, for a total transaction of $1,649,099.62. Following the completion of the sale, the vice president directly owned 5,866 shares of the company's stock, valued at approximately $4,286,051.56. The trade was a 27.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,039 shares of company stock worth $10,356,566 in the last quarter. Insiders own 0.32% of the company's stock.

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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