483 Shares in Parker-Hannifin Corporation $PH Acquired by WBI Investments LLC

Key Points

• WBI Investments LLC acquired 483 shares of Parker-Hannifin Corporation valued at approximately $293,000 during the first quarter, highlighting continued institutional interest in the company.
• Insider trading activity showed that VP Angela R. Ives and VP Robert W. Malone both sold a significant number of shares, resulting in a 22.45% and 27.79% decrease in their respective holdings.
• Parker-Hannifin recently reported better-than-expected quarterly earnings, with $7.69 earnings per share, exceeding estimates of $7.08, and provided a dividend of $1.80 per share, demonstrating profitability and commitment to shareholders.

WBI Investments LLC purchased a new stake in Parker-Hannifin Corporation (NYSE:PH - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 483 shares of the industrial products company's stock, valued at approximately $293,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC raised its stake in Parker-Hannifin by 5.9% during the 4th quarter. Brighton Jones LLC now owns 1,808 shares of the industrial products company's stock worth $1,150,000 after acquiring an additional 101 shares in the last quarter. Bank Pictet & Cie Europe AG increased its stake in Parker-Hannifin by 0.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 7,259 shares of the industrial products company's stock valued at $4,617,000 after purchasing an additional 55 shares during the period. Bison Wealth LLC increased its stake in Parker-Hannifin by 4.5% in the fourth quarter. Bison Wealth LLC now owns 749 shares of the industrial products company's stock valued at $476,000 after purchasing an additional 32 shares during the period. Group One Trading LLC acquired a new position in Parker-Hannifin in the fourth quarter valued at $336,000. Finally, Janus Henderson Group PLC increased its stake in Parker-Hannifin by 43.6% in the fourth quarter. Janus Henderson Group PLC now owns 30,397 shares of the industrial products company's stock valued at $19,326,000 after purchasing an additional 9,223 shares during the period. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Parker-Hannifin news, COO Andrew D. Ross sold 4,361 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $732.66, for a total transaction of $3,195,130.26. Following the transaction, the chief operating officer owned 13,120 shares of the company's stock, valued at $9,612,499.20. This represents a 24.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Robert W. Malone sold 2,257 shares of the company's stock in a transaction that occurred 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 transaction, the vice president directly owned 5,866 shares of the company's stock, valued at $4,286,051.56. This trade represents a 27.79% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,039 shares of company stock worth $10,356,566 in the last three months. 0.39% of the stock is currently owned by insiders.

Parker-Hannifin Price Performance

NYSE PH traded up $1.47 during trading hours on Monday, reaching $760.25. The company's stock had a trading volume of 544,489 shares, compared to its average volume of 737,215. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19. The company's 50-day moving average is $736.22 and its two-hundred day moving average is $668.50. Parker-Hannifin Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $779.77. The stock has a market cap of $97.14 billion, a PE ratio of 28.03, a PEG ratio of 3.14 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, topping analysts' consensus estimates of $7.08 by $0.61. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The company had revenue of $5.24 billion during the quarter, compared to analysts' expectations of $5.10 billion. During the same quarter in the previous year, the business posted $6.77 earnings per share. The firm's quarterly 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. Analysts forecast that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Announces Dividend

The company also recently declared 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. The ex-dividend date was Tuesday, September 2nd. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.9%. Parker-Hannifin's payout ratio is 26.55%.

Analyst Upgrades and Downgrades

A number of research firms have commented on PH. Evercore ISI restated an "outperform" rating on shares of Parker-Hannifin in a research note on Tuesday, August 19th. Raymond James Financial lifted their price objective on shares of Parker-Hannifin from $735.00 to $845.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Wells Fargo & Company lifted their price objective on shares of Parker-Hannifin from $770.00 to $800.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. KeyCorp boosted their price target on shares of Parker-Hannifin from $790.00 to $810.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Finally, Wall Street Zen lowered shares of Parker-Hannifin from a "buy" rating to a "hold" rating in a research note on Sunday, September 7th. Thirteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, Parker-Hannifin currently has an average rating of "Moderate Buy" and a consensus 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.