Blue Trust Inc. Raises Stake in Parker-Hannifin Corporation $PH

Blue Trust Inc. grew its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 57.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,751 shares of the industrial products company’s stock after acquiring an additional 636 shares during the period. Blue Trust Inc.’s holdings in Parker-Hannifin were worth $1,223,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wealth Preservation Advisors LLC acquired a new stake in shares of Parker-Hannifin in the 1st quarter worth approximately $27,000. Saudi Central Bank purchased a new stake in Parker-Hannifin during the first quarter worth $31,000. Olde Wealth Management LLC purchased a new stake in Parker-Hannifin during the first quarter worth $35,000. Chilton Capital Management LLC boosted its position in Parker-Hannifin by 1,500.0% during the first 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 in the last quarter. Finally, Accent Capital Management LLC purchased a new stake in Parker-Hannifin during the first quarter worth $41,000. Institutional investors and hedge funds own 82.44% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on PH shares. Evercore ISI reaffirmed an “outperform” rating on shares of Parker-Hannifin in a research note on Tuesday, August 19th. Weiss Ratings reiterated a “buy (b)” rating on shares of Parker-Hannifin in a research report on Wednesday. Deutsche Bank Aktiengesellschaft lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price target on the stock. in a research report on Thursday, September 4th. Wall Street Zen raised Parker-Hannifin from a “hold” rating to a “buy” rating in a research note on Saturday, September 20th. Finally, Wells Fargo & Company upped their target price on Parker-Hannifin from $800.00 to $840.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. Fourteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Parker-Hannifin has an average rating of “Moderate Buy” and a consensus target price of $786.78.

Parker-Hannifin Price Performance

Shares of NYSE:PH opened at $716.31 on Friday. The company has a market cap of $90.64 billion, a P/E ratio of 26.41, a P/E/G ratio of 3.06 and a beta of 1.35. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 0.55. Parker-Hannifin Corporation has a 52 week low of $488.45 and a 52 week high of $779.77. The business has a fifty day simple moving average of $748.97 and a 200-day simple moving average of $685.15.

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

Parker-Hannifin Dividend Announcement

The business 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 of this dividend was Tuesday, September 2nd. This represents a $7.20 annualized dividend and a yield of 1.0%. Parker-Hannifin’s dividend payout ratio is 26.55%.

Insider Activity

In other news, VP Angela R. Ives sold 810 shares of the business’s stock in a transaction on 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Joseph R. Leonti sold 4,625 shares of the business’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $750.84, for a total transaction of $3,472,635.00. Following the sale, the executive vice president directly owned 13,878 shares of the company’s stock, valued at $10,420,157.52. This represents a 25.00% 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 in the last ninety days. 0.32% of the stock is owned by company insiders.

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.