Taylor Financial Group Inc. Cuts Stock Position in Parker-Hannifin Corporation $PH

Taylor Financial Group Inc. lessened its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 1.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,403 shares of the industrial products company’s stock after selling 25 shares during the period. Parker-Hannifin comprises about 1.0% of Taylor Financial Group Inc.’s holdings, making the stock its 23rd biggest position. Taylor Financial Group Inc.’s holdings in Parker-Hannifin were worth $1,678,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of PH. Wealth Preservation Advisors LLC purchased a new position in Parker-Hannifin in the first quarter valued at approximately $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 bought a new stake in shares of Parker-Hannifin in the second quarter valued at $31,000. Olde Wealth Management LLC bought a new stake in shares of Parker-Hannifin in the first quarter valued at $35,000. Finally, Chilton Capital Management LLC increased 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 worth $39,000 after acquiring an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Evercore ISI reissued an “outperform” rating on shares of Parker-Hannifin in a report on Tuesday, August 19th. Deutsche Bank Aktiengesellschaft lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 target price for the company. in a research report on Thursday, September 4th. Susquehanna initiated coverage on shares of Parker-Hannifin in a research note on Friday, August 15th. They set a “positive” rating and a $860.00 price target on the stock. Cowen restated a “hold” rating on shares of Parker-Hannifin in a research note on Friday, August 29th. Finally, Truist Financial boosted their target price on shares of Parker-Hannifin from $822.00 to $910.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Fourteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $789.67.

Insiders Place Their Bets

In other news, VP Angela R. Ives sold 810 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $727.36, for a total value of $589,161.60. Following the completion of the sale, the vice president directly owned 2,798 shares in the company, valued at approximately $2,035,153.28. The trade was a 22.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Matthew A. Jacobson sold 575 shares of Parker-Hannifin stock in a transaction 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 completion of the transaction, the vice president owned 1,000 shares in the company, valued at approximately $733,060. The trade was a 36.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,039 shares of company stock valued at $10,356,566 over the last 90 days. Company insiders own 0.32% of the company’s stock.

Parker-Hannifin Stock Up 0.4%

PH stock opened at $775.02 on Tuesday. 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 Corporation has a 1-year low of $488.45 and a 1-year high of $780.00. The stock has a market cap of $98.07 billion, a price-to-earnings ratio of 28.58, a price-to-earnings-growth ratio of 3.19 and a beta of 1.35. The company’s 50 day moving average is $752.41 and its 200 day moving average is $699.32.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data 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 net margin of 17.79% and a return on equity of 26.80%. The company had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the previous year, the firm posted $6.77 EPS. The firm’s 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. Sell-side analysts predict that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 7th will be paid a $1.80 dividend. The ex-dividend date of this dividend is Friday, November 7th. This represents a $7.20 annualized dividend and a yield of 0.9%. Parker-Hannifin’s dividend payout ratio is currently 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.