Parker-Hannifin Corporation $PH Shares Sold by Claret Asset Management Corp

Claret Asset Management Corp trimmed its position in Parker-Hannifin Corporation (NYSE:PH) by 9.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 381 shares of the industrial products company’s stock after selling 42 shares during the period. Claret Asset Management Corp’s holdings in Parker-Hannifin were worth $266,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Wealth Preservation Advisors LLC acquired a new stake in Parker-Hannifin in the 1st quarter worth about $27,000. Saudi Central Bank acquired a new position in shares of Parker-Hannifin during the 1st quarter worth approximately $31,000. Interchange Capital Partners LLC acquired a new position in shares of Parker-Hannifin during the 2nd quarter worth approximately $31,000. Olde Wealth Management LLC acquired a new position in shares of Parker-Hannifin during the 1st quarter worth approximately $35,000. Finally, Chilton Capital Management LLC boosted its holdings in shares of Parker-Hannifin by 1,500.0% during the 1st quarter. Chilton Capital Management LLC now owns 64 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 60 shares during the last quarter. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Parker-Hannifin Stock Performance

NYSE PH opened at $763.72 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $779.77. The company has a market capitalization of $96.64 billion, a PE ratio of 28.16, a P/E/G ratio of 3.16 and a beta of 1.35. The company has a fifty day moving average of $747.47 and a two-hundred day moving average of $681.70.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings data 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. 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 the consensus estimate of $5.10 billion. During the same quarter in the prior year, the firm posted $6.77 earnings per share. Parker-Hannifin’s revenue for the quarter was up 1.1% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, analysts expect that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 0.9%. The ex-dividend date was Tuesday, September 2nd. Parker-Hannifin’s dividend payout ratio is currently 26.55%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PH. Citigroup restated a “buy” rating and set a $831.00 target price (up from $709.00) on shares of Parker-Hannifin in a report on Monday, July 14th. Stifel Nicolaus boosted their target price on Parker-Hannifin from $717.00 to $726.00 and gave the stock a “hold” rating in a report on Friday, August 8th. Evercore ISI restated an “outperform” rating on shares of Parker-Hannifin in a report on Tuesday, August 19th. Cowen restated a “hold” rating on shares of Parker-Hannifin in a report on Friday, August 29th. Finally, Susquehanna assumed coverage on Parker-Hannifin in a report on Friday, August 15th. They set a “positive” rating and a $860.00 target price on the stock. Fourteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.