Woodward Diversified Capital LLC Boosts Position in Parker-Hannifin Corporation $PH

Key Points

• Woodward Diversified Capital LLC increased its holdings in Parker-Hannifin Corporation by 77.3%, owning 1,722 shares valued at approximately $1.2 million as of the end of Q2.
• Parker-Hannifin reported strong quarterly earnings, with an EPS of $7.69, surpassing estimates, and a revenue of $5.24 billion, reflecting a 1.1% year-over-year growth.
• The company declared a quarterly dividend of $1.80 per share, representing an annualized yield of 1.0% and a payout ratio of 26.55%.

Woodward Diversified Capital LLC grew its holdings in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 77.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,722 shares of the industrial products company's stock after acquiring an additional 751 shares during the period. Woodward Diversified Capital LLC's holdings in Parker-Hannifin were worth $1,203,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC grew its position in Parker-Hannifin by 27.2% during the 1st quarter. SG Americas Securities LLC now owns 31,011 shares of the industrial products company's stock worth $18,850,000 after purchasing an additional 6,630 shares during the period. Alley Investment Management Company LLC purchased a new stake in shares of Parker-Hannifin in the first quarter worth about $7,996,000. Community Financial Services Group LLC grew its holdings in Parker-Hannifin by 1,338.2% during the first quarter. Community Financial Services Group LLC now owns 6,630 shares of the industrial products company's stock worth $4,030,000 after acquiring an additional 6,169 shares during the period. Inspire Investing LLC raised its position in Parker-Hannifin by 5.1% during the first quarter. Inspire Investing LLC now owns 12,386 shares of the industrial products company's stock valued at $7,529,000 after acquiring an additional 596 shares in the last quarter. Finally, Heartland Bank & Trust Co acquired a new position in Parker-Hannifin in the first quarter valued at approximately $260,000. Hedge funds and other institutional investors own 82.44% of the company's stock.

Parker-Hannifin Stock Performance

NYSE PH opened at $755.64 on Thursday. 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 stock's 50 day simple moving average is $746.40 and its 200-day simple moving average is $679.39. The company has a market cap of $95.62 billion, a PE ratio of 27.86, a price-to-earnings-growth ratio of 3.14 and a beta of 1.35. Parker-Hannifin Corporation has a 1-year low of $488.45 and a 1-year high of $779.77.

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, beating the consensus estimate of $7.08 by $0.61. The firm had revenue of $5.24 billion during 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 firm's revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the company earned $6.77 EPS. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, equities research analysts anticipate that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal 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 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 yield of 1.0%. Parker-Hannifin's payout ratio is presently 26.55%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Raymond James Financial raised their price objective on shares of Parker-Hannifin from $735.00 to $845.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Wall Street Zen upgraded shares of Parker-Hannifin from a "hold" rating to a "buy" rating in a research report on Saturday, September 20th. Cowen reaffirmed a "hold" rating on shares of Parker-Hannifin in a report on Friday, August 29th. Susquehanna began coverage on Parker-Hannifin in a research report on Friday, August 15th. They set a "positive" rating and a $860.00 target price on the stock. Finally, Morgan Stanley upped their price target on Parker-Hannifin from $700.00 to $725.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 9th. Thirteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Parker-Hannifin presently has an average rating of "Moderate Buy" and a consensus price target of $771.44.

Insider Activity

In other news, VP Angela R. Ives sold 810 shares of the business's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $727.36, for a total transaction of $589,161.60. Following the transaction, the vice president directly owned 2,798 shares in the company, valued at $2,035,153.28. The trade was a 22.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Joseph R. Leonti sold 4,625 shares of the company's stock in a transaction that occurred 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 $10,420,157.52. This trade represents a 25.00% 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 ninety days. 0.32% of the stock is currently owned by corporate insiders.

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.

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.