Vanguard Personalized Indexing Management LLC Has $12.20 Million Stake in Parker-Hannifin Corporation $PH

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Parker-Hannifin Corporation by 22.6% during the 2nd quarter, holding a total of 17,461 shares valued at approximately $12.20 million.
• Parker-Hannifin reported $7.69 earnings per share for the most recent quarter, surpassing analysts' expectations of $7.08, alongside a revenue of $5.24 billion.
• The company announced a quarterly dividend of $1.80 per share, yielding around 1.0%, with an annual payout ratio of 26.55% based on current earnings.

Vanguard Personalized Indexing Management LLC raised its position in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 22.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,461 shares of the industrial products company's stock after purchasing an additional 3,220 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Parker-Hannifin were worth $12,198,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of PH. Wealth Preservation Advisors LLC acquired a new stake in shares of Parker-Hannifin in the 1st quarter valued at about $27,000. Saudi Central Bank acquired a new stake in shares of Parker-Hannifin in the 1st quarter valued at about $31,000. Olde Wealth Management LLC acquired a new stake in shares of Parker-Hannifin in the 1st quarter valued at about $35,000. Chilton Capital Management LLC raised its stake in shares of Parker-Hannifin by 1,500.0% in 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 period. Finally, Accent Capital Management LLC acquired a new stake in shares of Parker-Hannifin in the first quarter valued at about $41,000. Institutional investors and hedge funds own 82.44% of the company's stock.

Parker-Hannifin Price Performance

Shares of NYSE PH opened at $716.31 on Monday. The business's 50 day moving average price is $748.97 and its two-hundred day moving average price is $685.90. The company has a market cap of $90.64 billion, a PE ratio of 26.41, a price-to-earnings-growth ratio of 2.97 and a beta of 1.35. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 0.55. 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 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. The firm had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.10 billion. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The business's revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.77 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. On average, analysts predict that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on PH shares. Wall Street Zen raised Parker-Hannifin from a "hold" rating to a "buy" rating in a research report on Saturday, September 20th. Raymond James Financial lifted 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. Wells Fargo & Company lifted their target price on Parker-Hannifin from $800.00 to $840.00 and gave the company an "overweight" rating in a research report on Monday, October 6th. KeyCorp lifted their target price on Parker-Hannifin from $790.00 to $810.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Finally, Deutsche Bank Aktiengesellschaft downgraded Parker-Hannifin from a "buy" rating to a "hold" rating and set a $809.00 target price on the stock. in a research report on Thursday, September 4th. Fourteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $786.78.

Insider Activity at Parker-Hannifin

In other news, EVP Joseph R. Leonti sold 4,625 shares of the business's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $750.84, for a total transaction of $3,472,635.00. Following the completion of the sale, the executive vice president owned 13,878 shares in the company, valued at $10,420,157.52. The trade was a 25.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Matthew A. Jacobson sold 575 shares of the business's stock in a transaction that occurred 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 sale, the vice president owned 1,000 shares of the company's stock, valued at approximately $733,060. This represents a 36.51% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,039 shares of company stock valued at $10,356,566. 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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