Venture Visionary Partners LLC Buys 392 Shares of Parker-Hannifin Corporation $PH

Key Points

• Venture Visionary Partners LLC increased its stake in Parker-Hannifin Corporation by 42.6% in Q2, now holding 1,313 shares valued at approximately $917,000.
• Several institutional investors, including GC Wealth Management RIA LLC, significantly boosted their positions in Parker-Hannifin, indicating strong investor confidence in the company's future potential.
• Parker-Hannifin reported earnings of $7.69 per share for the last quarter, exceeding analyst estimates, and a revenue increase of 1.1% year-over-year.

Venture Visionary Partners LLC boosted its position in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 42.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,313 shares of the industrial products company's stock after buying an additional 392 shares during the period. Venture Visionary Partners LLC's holdings in Parker-Hannifin were worth $917,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. FARMERS & MERCHANTS TRUST Co OF LONG BEACH bought a new stake in shares of Parker-Hannifin during the second quarter valued at approximately $742,000. GC Wealth Management RIA LLC grew its position in Parker-Hannifin by 532.3% in the 2nd quarter. GC Wealth Management RIA LLC now owns 5,925 shares of the industrial products company's stock valued at $4,138,000 after purchasing an additional 4,988 shares during the period. Sound Income Strategies LLC increased its stake in Parker-Hannifin by 8.7% during the 2nd quarter. Sound Income Strategies LLC now owns 1,381 shares of the industrial products company's stock valued at $965,000 after purchasing an additional 111 shares in the last quarter. Capital Insight Partners LLC raised its holdings in Parker-Hannifin by 1.3% during the second quarter. Capital Insight Partners LLC now owns 1,377 shares of the industrial products company's stock worth $962,000 after buying an additional 18 shares during the last quarter. Finally, Investment Advisory Services Inc. TX ADV lifted its stake in shares of Parker-Hannifin by 11.0% in the second quarter. Investment Advisory Services Inc. TX ADV now owns 443 shares of the industrial products company's stock valued at $310,000 after buying an additional 44 shares in the last quarter. Institutional investors own 82.44% of the company's stock.

Insider Activity

In other Parker-Hannifin 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 transaction of $1,649,099.62. Following the completion of the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Joseph R. Leonti sold 4,625 shares of the firm's stock in a transaction on Monday, August 25th. The stock was 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 directly owned 13,878 shares of the company's stock, valued at $10,420,157.52. This represents a 25.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,039 shares of company stock worth $10,356,566. 0.32% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Stifel Nicolaus boosted their target price on shares of Parker-Hannifin from $717.00 to $726.00 and gave the stock a "hold" rating in a research report on Friday, August 8th. Evercore ISI reissued an "outperform" rating on shares of Parker-Hannifin in a report on Tuesday, August 19th. KeyCorp raised their target price on Parker-Hannifin from $790.00 to $810.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Morgan Stanley lifted their target price on Parker-Hannifin from $700.00 to $725.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 9th. Finally, Citigroup reissued a "buy" rating and issued a $831.00 price target (up from $709.00) on shares of Parker-Hannifin in a research report on Monday, July 14th. Thirteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, Parker-Hannifin presently has a consensus rating of "Moderate Buy" and an average target price of $770.94.

Parker-Hannifin Stock Performance

Shares of Parker-Hannifin stock opened at $758.25 on Wednesday. The business's fifty day simple moving average is $745.86 and its 200 day simple moving average is $678.86. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55. Parker-Hannifin Corporation has a 12 month low of $488.45 and a 12 month high of $779.77. The firm has a market capitalization of $95.95 billion, a P/E ratio of 27.96, a price-to-earnings-growth ratio of 3.12 and a beta of 1.35.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced its 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. The firm had revenue of $5.24 billion during the quarter, compared to analyst estimates 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 period last year, the firm posted $6.77 EPS. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, analysts anticipate that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were paid a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Tuesday, September 2nd. Parker-Hannifin's payout ratio is presently 26.55%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.