RFG Advisory LLC Buys 22 Shares of Parker-Hannifin Corporation $PH

RFG Advisory LLC increased its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 0.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,691 shares of the industrial products company’s stock after acquiring an additional 22 shares during the quarter. RFG Advisory LLC’s holdings in Parker-Hannifin were worth $2,578,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Axxcess Wealth Management LLC increased its position in Parker-Hannifin by 41.4% during the second quarter. Axxcess Wealth Management LLC now owns 1,157 shares of the industrial products company’s stock worth $808,000 after acquiring an additional 339 shares during the period. Cornerstone Wealth Group LLC bought a new position in Parker-Hannifin during the second quarter worth $344,000. Verdence Capital Advisors LLC bought a new position in Parker-Hannifin during the second quarter worth $203,000. Envestnet Portfolio Solutions Inc. increased its position in Parker-Hannifin by 2.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 14,721 shares of the industrial products company’s stock worth $10,282,000 after acquiring an additional 351 shares during the period. Finally, Sequoia Financial Advisors LLC increased its position in Parker-Hannifin by 5.8% during the second quarter. Sequoia Financial Advisors LLC now owns 53,707 shares of the industrial products company’s stock worth $37,513,000 after acquiring an additional 2,931 shares during the period. Institutional investors own 82.44% of the company’s stock.

Insider Buying and Selling at Parker-Hannifin

In related news, VP Thomas C. Gentile sold 1,133 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $729.50, for a total transaction of $826,523.50. Following the transaction, the vice president owned 5,465 shares in the company, valued at $3,986,717.50. This represents a 17.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Robert W. Malone sold 2,257 shares of the business’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $730.66, for a total value of $1,649,099.62. Following the sale, the vice president directly owned 5,866 shares of the company’s stock, valued at $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. Insiders have sold 14,039 shares of company stock worth $10,356,566 over the last quarter. Corporate insiders own 0.32% of the company’s stock.

Parker-Hannifin Stock Up 1.1%

Shares of NYSE:PH opened at $736.75 on Wednesday. Parker-Hannifin Corporation has a 52 week low of $488.45 and a 52 week high of $779.77. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19. The company’s fifty day moving average is $749.61 and its 200-day moving average is $687.14. The company has a market capitalization of $93.23 billion, a PE ratio of 27.17, a P/E/G ratio of 3.02 and a beta of 1.35.

Parker-Hannifin (NYSE:PH) last issued its earnings results on Thursday, August 7th. The industrial products company reported $7.69 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 for the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter in the previous year, the company earned $6.77 EPS. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Equities research analysts predict that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

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 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%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on PH shares. Truist Financial lifted their price target on shares of Parker-Hannifin from $822.00 to $910.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. KeyCorp lifted their price target on shares of Parker-Hannifin from $810.00 to $825.00 and gave the stock an “overweight” rating in a research note on Tuesday. Stifel Nicolaus lifted their price target on shares of Parker-Hannifin from $717.00 to $726.00 and gave the stock a “hold” rating in a research note on Friday, August 8th. Evercore ISI reiterated an “outperform” rating on shares of Parker-Hannifin in a research note on Tuesday, August 19th. Finally, Deutsche Bank Aktiengesellschaft downgraded 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 note on Thursday, September 4th. Fourteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $787.61.

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.