Impact Capital Partners LLC Increases Stock Position in Parker-Hannifin Corporation $PH

Impact Capital Partners LLC grew its position in Parker-Hannifin Corporation (NYSE:PH) by 9.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 388 shares of the industrial products company’s stock after purchasing an additional 34 shares during the period. Impact Capital Partners LLC’s holdings in Parker-Hannifin were worth $271,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Childress Capital Advisors LLC purchased a new stake in shares of Parker-Hannifin in the second quarter valued at about $368,000. Alley Investment Management Company LLC raised its holdings in shares of Parker-Hannifin by 1.5% in the second quarter. Alley Investment Management Company LLC now owns 13,356 shares of the industrial products company’s stock valued at $9,329,000 after purchasing an additional 202 shares during the last quarter. Truist Financial Corp raised its holdings in shares of Parker-Hannifin by 3.8% in the second quarter. Truist Financial Corp now owns 166,310 shares of the industrial products company’s stock valued at $116,162,000 after purchasing an additional 6,086 shares during the last quarter. Union Bancaire Privee UBP SA raised its stake in shares of Parker-Hannifin by 16.9% during the 2nd quarter. Union Bancaire Privee UBP SA now owns 68,840 shares of the industrial products company’s stock worth $53,377,000 after purchasing an additional 9,964 shares during the period. Finally, Capital Investment Advisors LLC raised its stake in shares of Parker-Hannifin by 38.0% during the 2nd quarter. Capital Investment Advisors LLC now owns 628 shares of the industrial products company’s stock worth $439,000 after purchasing an additional 173 shares during the period. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Insider Buying and Selling at Parker-Hannifin

In other news, VP Angela R. Ives sold 810 shares of the business’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $727.36, for a total transaction of $589,161.60. Following the completion of the transaction, the vice president owned 2,798 shares of the company’s stock, valued at approximately $2,035,153.28. The trade was a 22.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Andrew D. Ross sold 4,361 shares of the business’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $732.66, for a total value of $3,195,130.26. Following the transaction, the chief operating officer directly owned 13,120 shares of the company’s stock, valued at $9,612,499.20. The trade was a 24.95% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,039 shares of company stock worth $10,356,566. 0.32% of the stock is owned by corporate insiders.

Parker-Hannifin Stock Down 0.3%

PH stock opened at $755.64 on Thursday. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $95.62 billion, a PE ratio of 27.86, a PEG ratio of 3.14 and a beta of 1.35. Parker-Hannifin Corporation has a twelve month low of $488.45 and a twelve month high of $779.77. The stock has a 50-day simple moving average of $746.40 and a two-hundred day simple moving average of $679.39.

Parker-Hannifin (NYSE:PH) last posted its earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share for the quarter, beating analysts’ consensus estimates of $7.08 by $0.61. The business 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 company’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.77 EPS. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. On average, equities analysts predict that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal 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 issued a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Tuesday, September 2nd. Parker-Hannifin’s payout ratio is presently 26.55%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on PH shares. Citigroup reiterated a “buy” rating and set a $831.00 target price (up from $709.00) on shares of Parker-Hannifin in a research note on Monday, July 14th. Barclays lifted their target price on Parker-Hannifin from $776.00 to $785.00 and gave the stock an “overweight” rating in a research note on Wednesday. Wells Fargo & Company lifted their target price on Parker-Hannifin from $770.00 to $800.00 and gave the stock an “overweight” rating in a research note on Friday, August 8th. Cowen reiterated a “hold” rating on shares of Parker-Hannifin in a research note on Friday, August 29th. Finally, Raymond James Financial lifted their target price on Parker-Hannifin from $735.00 to $845.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Thirteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $771.44.

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.