Master S Wealth Management Inc. Buys 383 Shares of Parker-Hannifin Corporation $PH

Master S Wealth Management Inc. increased its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 50.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 1,147 shares of the industrial products company’s stock after acquiring an additional 383 shares during the period. Parker-Hannifin makes up approximately 0.4% of Master S Wealth Management Inc.’s holdings, making the stock its 15th largest holding. Master S Wealth Management Inc.’s holdings in Parker-Hannifin were worth $801,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Wealth Preservation Advisors LLC bought a new stake in shares of Parker-Hannifin in the first quarter valued at $27,000. Saudi Central Bank bought a new stake in shares of Parker-Hannifin in the first quarter valued at $31,000. Interchange Capital Partners LLC purchased a new position in shares of Parker-Hannifin in the second quarter valued at $31,000. Olde Wealth Management LLC purchased a new position in shares of Parker-Hannifin in the first quarter valued at $35,000. Finally, Chilton Capital Management LLC grew its position in shares of Parker-Hannifin by 1,500.0% in the first quarter. Chilton Capital Management LLC now owns 64 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 60 shares in the last quarter. 82.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Parker-Hannifin news, VP Matthew A. Jacobson sold 575 shares of the business’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 $733,060. The trade was a 36.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Andrew D. Ross sold 4,361 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $732.66, for a total value of $3,195,130.26. Following the sale, the chief operating officer directly owned 13,120 shares in the company, valued at $9,612,499.20. The trade was a 24.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,039 shares of company stock valued at $10,356,566 in the last ninety days. Company insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

PH has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft cut Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price target for the company. in a research report on Thursday, September 4th. Wells Fargo & Company lifted their price target on Parker-Hannifin from $800.00 to $840.00 and gave the company an “overweight” rating in a research report on Monday, October 6th. Stifel Nicolaus lifted their price target on Parker-Hannifin from $717.00 to $726.00 and gave the company a “hold” rating in a research report on Friday, August 8th. Citigroup increased their price objective on Parker-Hannifin from $831.00 to $874.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Finally, Cowen restated a “hold” rating on shares of Parker-Hannifin in a report on Friday, August 29th. Thirteen 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 $787.61.

Parker-Hannifin Stock Down 1.8%

Parker-Hannifin stock opened at $724.88 on Friday. The firm has a market cap of $91.73 billion, a price-to-earnings ratio of 26.73, a PEG ratio of 3.05 and a beta of 1.35. The stock has a fifty day simple moving average of $750.37 and a two-hundred day simple moving average of $688.28. Parker-Hannifin Corporation has a 12 month low of $488.45 and a 12 month high of $779.77. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55.

Parker-Hannifin (NYSE:PH) last posted its earnings results on Thursday, August 7th. The industrial products company reported $7.69 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 business had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.10 billion. During the same quarter last year, the company earned $6.77 EPS. The company’s quarterly revenue 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 analysts predict that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were given a $1.80 dividend. This represents a $7.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Tuesday, September 2nd. Parker-Hannifin’s payout ratio is presently 26.55%.

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.