Parker-Hannifin Corporation $PH Shares Purchased by Pegasus Asset Management Inc.

Pegasus Asset Management Inc. boosted its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 0.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,940 shares of the industrial products company’s stock after acquiring an additional 60 shares during the period. Parker-Hannifin accounts for 3.6% of Pegasus Asset Management Inc.’s investment portfolio, making the stock its 8th biggest holding. Pegasus Asset Management Inc.’s holdings in Parker-Hannifin were worth $10,435,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in PH. Wealth Preservation Advisors LLC acquired a new position in shares of Parker-Hannifin during the first quarter valued at about $27,000. Saudi Central Bank acquired a new position in shares of Parker-Hannifin during the first quarter valued at about $31,000. Olde Wealth Management LLC acquired a new position in shares of Parker-Hannifin during the first quarter valued at about $35,000. Chilton Capital Management LLC raised its position in shares of 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 valued at $39,000 after buying an additional 60 shares during the last quarter. Finally, Accent Capital Management LLC acquired a new position in shares of Parker-Hannifin during the first quarter valued at about $41,000. Institutional investors and hedge funds own 82.44% of the company’s stock.

Insider Activity at Parker-Hannifin

In other news, VP Robert W. Malone sold 2,257 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $730.66, for a total transaction 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 trade represents a 27.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Matthew A. Jacobson sold 575 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $733.06, for a total transaction of $421,509.50. Following the sale, the vice president directly owned 1,000 shares of the company’s stock, valued at approximately $733,060. The trade was a 36.51% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,039 shares of company stock valued at $10,356,566. Insiders own 0.32% of the company’s stock.

Parker-Hannifin Stock Performance

NYSE:PH opened at $716.31 on Monday. Parker-Hannifin Corporation has a 12-month low of $488.45 and a 12-month high of $779.77. 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 $90.64 billion, a PE ratio of 26.41, a price-to-earnings-growth ratio of 2.97 and a beta of 1.35. The firm has a 50-day moving average price of $748.97 and a 200 day moving average price of $685.90.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 earnings per share for the quarter, topping the consensus estimate of $7.08 by $0.61. The company had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.10 billion. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The company’s revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the business posted $6.77 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Research analysts anticipate that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were issued 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 dividend yield of 1.0%. Parker-Hannifin’s dividend payout ratio (DPR) is presently 26.55%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price objective for the company. in a research report on Thursday, September 4th. Morgan Stanley upped their price objective on shares of Parker-Hannifin from $700.00 to $725.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 9th. Susquehanna assumed coverage on shares of Parker-Hannifin in a research report on Friday, August 15th. They issued a “positive” rating and a $860.00 price target for the company. KeyCorp increased their price target on shares of Parker-Hannifin from $790.00 to $810.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Finally, Truist Financial increased their price target on shares of Parker-Hannifin from $822.00 to $910.00 and gave the stock a “buy” rating in a research report on Wednesday. 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $786.78.

Parker-Hannifin 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.