Parker-Hannifin Corporation $PH Shares Bought by Voleon Capital Management LP

Key Points

• Voleon Capital Management LP increased its stake in Parker-Hannifin by 15.2%, owning a total of 5,531 shares worth approximately $3.36 million following an additional purchase of 730 shares.
• Analyst ratings for Parker-Hannifin have been generally positive, with Wells Fargo raising their price objective to $800 and Susquehanna initiating coverage with a target price of $860.
• Parker-Hannifin revealed a quarterly dividend of $1.80 per share, set to provide an annual yield of 0.9%, with the payout ratio being 26.55%.

Voleon Capital Management LP grew its position in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 15.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,531 shares of the industrial products company's stock after acquiring an additional 730 shares during the period. Voleon Capital Management LP's holdings in Parker-Hannifin were worth $3,362,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. First Manhattan CO. LLC. raised its stake in Parker-Hannifin by 1.0% in the fourth quarter. First Manhattan CO. LLC. now owns 1,580 shares of the industrial products company's stock worth $1,005,000 after buying an additional 15 shares in the last quarter. Cascade Financial Partners LLC boosted its holdings in Parker-Hannifin by 3.1% in the first quarter. Cascade Financial Partners LLC now owns 498 shares of the industrial products company's stock worth $303,000 after purchasing an additional 15 shares during the last quarter. Nicolet Advisory Services LLC boosted its holdings in Parker-Hannifin by 3.5% in the first quarter. Nicolet Advisory Services LLC now owns 468 shares of the industrial products company's stock worth $262,000 after purchasing an additional 16 shares during the last quarter. E Fund Management Co. Ltd. boosted its holdings in Parker-Hannifin by 5.0% in the first quarter. E Fund Management Co. Ltd. now owns 336 shares of the industrial products company's stock worth $204,000 after purchasing an additional 16 shares during the last quarter. Finally, Citizens National Bank Trust Department raised its position in Parker-Hannifin by 8.5% in the first quarter. Citizens National Bank Trust Department now owns 217 shares of the industrial products company's stock worth $132,000 after acquiring an additional 17 shares during the period. 82.44% of the stock is owned by institutional investors.

Parker-Hannifin Stock Down 1.2%

Shares of NYSE:PH traded down $9.59 during trading hours on Friday, hitting $760.08. The company's stock had a trading volume of 463,454 shares, compared to its average volume of 581,947. Parker-Hannifin Corporation has a 52 week low of $488.45 and a 52 week high of $779.77. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71. The company has a market capitalization of $97.12 billion, a price-to-earnings ratio of 28.03, a P/E/G ratio of 3.19 and a beta of 1.35. The firm's fifty day moving average price is $736.22 and its 200 day moving average price is $668.36.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 EPS for the quarter, topping 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 net margin of 17.79% and a return on equity of 26.80%. Parker-Hannifin's revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.77 EPS. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, research analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

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

Insider Activity at Parker-Hannifin

In other Parker-Hannifin news, VP Thomas C. Gentile sold 1,133 shares of the company's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $729.50, for a total transaction of $826,523.50. Following the completion of the transaction, the vice president directly owned 5,465 shares in the company, valued at approximately $3,986,717.50. This represents a 17.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Andrew D. Ross sold 4,361 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $732.66, for a total transaction of $3,195,130.26. Following the completion of the sale, the chief operating officer owned 13,120 shares of the company's stock, valued at $9,612,499.20. This trade represents a 24.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,039 shares of company stock valued at $10,356,566 in the last three months. Company insiders own 0.39% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on PH. Citigroup reiterated 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. Wall Street Zen downgraded shares of Parker-Hannifin from a "buy" rating to a "hold" rating in a research report on Sunday, September 7th. Mizuho set a $785.00 price objective on shares of Parker-Hannifin in a research report on Friday, May 16th. Susquehanna started coverage on shares of Parker-Hannifin in a research report on Friday, August 15th. They set a "positive" rating and a $860.00 price objective on the stock. Finally, KeyCorp raised their price objective on shares of Parker-Hannifin from $790.00 to $810.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Thirteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $770.94.

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.