Parker-Hannifin Corporation $PH Position Increased by Cwm LLC

Cwm LLC lifted its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 2.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 4,924 shares of the industrial products company’s stock after acquiring an additional 134 shares during the period. Cwm LLC’s holdings in Parker-Hannifin were worth $3,439,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Wealth Preservation Advisors LLC bought a new position in shares of Parker-Hannifin during the first quarter worth about $27,000. Saudi Central Bank acquired a new stake in Parker-Hannifin in the 1st quarter valued at about $31,000. Olde Wealth Management LLC acquired a new stake in Parker-Hannifin in the 1st quarter valued at about $35,000. Chilton Capital Management LLC lifted its holdings in Parker-Hannifin by 1,500.0% in the 1st quarter. Chilton Capital Management LLC now owns 64 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 60 shares during the last quarter. Finally, Accent Capital Management LLC acquired a new stake in Parker-Hannifin in the 1st quarter valued at about $41,000. Institutional investors own 82.44% of the company’s stock.

Insider Transactions at Parker-Hannifin

In related news, VP Angela R. Ives sold 810 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $727.36, for a total value of $589,161.60. Following the transaction, the vice president owned 2,798 shares in the company, valued at approximately $2,035,153.28. This represents a 22.45% 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 Robert W. Malone sold 2,257 shares of the stock in a transaction that occurred on 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 completion of the transaction, the vice president owned 5,866 shares in the company, valued at $4,286,051.56. This represents a 27.79% decrease in their position. 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 currently owned by insiders.

Parker-Hannifin Price Performance

Shares of PH opened at $734.26 on Friday. The company has a market capitalization of $92.91 billion, a price-to-earnings ratio of 27.07, a P/E/G ratio of 3.00 and a beta of 1.35. Parker-Hannifin Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $779.77. 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’s 50-day moving average is $750.51 and its 200-day moving average is $689.14.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings data 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 firm had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter in the prior year, the company 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. Equities research analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have commented on the stock. Barclays upped their price objective on shares of Parker-Hannifin from $776.00 to $785.00 and gave the company an “overweight” rating in a research note on Wednesday, October 1st. Raymond James Financial upped their price objective on shares of Parker-Hannifin from $735.00 to $845.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Truist Financial upped their price objective on shares of Parker-Hannifin from $822.00 to $910.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Susquehanna began coverage on Parker-Hannifin in a report on Friday, August 15th. They issued a “positive” rating and a $860.00 target price on the stock. Finally, Stifel Nicolaus upped their target price on Parker-Hannifin from $717.00 to $726.00 and gave the company a “hold” rating in a report on Friday, August 8th. Fourteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $789.83.

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.