Parker-Hannifin Corporation $PH Shares Purchased by REAP Financial Group LLC

REAP Financial Group LLC increased its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 58.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 276 shares of the industrial products company’s stock after purchasing an additional 102 shares during the period. REAP Financial Group LLC’s holdings in Parker-Hannifin were worth $192,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of PH. Brighton Jones LLC boosted its stake in shares of Parker-Hannifin by 5.9% during the fourth quarter. Brighton Jones LLC now owns 1,808 shares of the industrial products company’s stock valued at $1,150,000 after acquiring an additional 101 shares during the last quarter. Bison Wealth LLC lifted its holdings in Parker-Hannifin by 4.5% in the 4th 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 in the last quarter. OLD National Bancorp IN lifted its holdings in Parker-Hannifin by 7.3% in the 1st quarter. OLD National Bancorp IN now owns 599 shares of the industrial products company’s stock valued at $364,000 after purchasing an additional 41 shares in the last quarter. First Citizens Bank & Trust Co. lifted its holdings in Parker-Hannifin by 6.5% in the 1st quarter. First Citizens Bank & Trust Co. now owns 655 shares of the industrial products company’s stock valued at $398,000 after purchasing an additional 40 shares in the last quarter. Finally, Portside Wealth Group LLC lifted its holdings in Parker-Hannifin by 10.6% in the 1st quarter. Portside Wealth Group LLC now owns 679 shares of the industrial products company’s stock valued at $413,000 after purchasing an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Joseph R. Leonti sold 4,625 shares of the stock in a transaction on Monday, August 25th. The stock was 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 directly owned 13,878 shares in the company, valued at approximately $10,420,157.52. This represents a 25.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert W. Malone sold 2,257 shares of the stock in a transaction on Friday, August 8th. The shares were sold at an average price of $730.66, for a total value of $1,649,099.62. Following the completion of the sale, the vice president owned 5,866 shares of the company’s stock, valued at approximately $4,286,051.56. This represents a 27.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,039 shares of company stock worth $10,356,566. 0.32% of the stock is owned by company insiders.

Parker-Hannifin Stock Performance

Shares of NYSE:PH opened at $751.00 on Wednesday. The firm has a market capitalization of $95.03 billion, a PE ratio of 27.69, a P/E/G ratio of 3.16 and a beta of 1.35. 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 business has a 50-day moving average of $748.30 and a two-hundred day moving average of $683.56. Parker-Hannifin Corporation has a 12 month low of $488.45 and a 12 month high of $779.77.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings results 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. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The company had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.10 billion. During the same period in the prior year, the firm posted $6.77 earnings per share. The firm’s revenue 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, research analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were given 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 26.55%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Morgan Stanley lifted their target price on shares of Parker-Hannifin from $700.00 to $725.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 9th. Deutsche Bank Aktiengesellschaft cut Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price objective on the stock. in a report on Thursday, September 4th. Barclays increased their target price on Parker-Hannifin from $776.00 to $785.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 1st. Citigroup reiterated a “buy” rating and set a $831.00 target price (up from $709.00) on shares of Parker-Hannifin in a research report on Monday, July 14th. Finally, KeyCorp upped their price objective on shares of Parker-Hannifin from $790.00 to $810.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Fourteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $773.67.

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.