Logan Capital Management Inc. Decreases Stock Position in Parker-Hannifin Corporation $PH

Logan Capital Management Inc. trimmed its holdings in Parker-Hannifin Corporation (NYSE:PH) by 3.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,011 shares of the industrial products company’s stock after selling 191 shares during the period. Logan Capital Management Inc.’s holdings in Parker-Hannifin were worth $4,198,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Brighton Jones LLC lifted its holdings in shares of Parker-Hannifin by 5.9% in the fourth quarter. Brighton Jones LLC now owns 1,808 shares of the industrial products company’s stock valued at $1,150,000 after purchasing an additional 101 shares in the last quarter. Bison Wealth LLC lifted its holdings in shares of Parker-Hannifin by 4.5% in the fourth quarter. Bison Wealth LLC now owns 749 shares of the industrial products company’s stock valued at $476,000 after purchasing an additional 32 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Parker-Hannifin by 5.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,102 shares of the industrial products company’s stock valued at $10,887,000 after purchasing an additional 973 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of Parker-Hannifin by 0.9% in the first quarter. Amalgamated Bank now owns 25,488 shares of the industrial products company’s stock valued at $15,493,000 after purchasing an additional 230 shares in the last quarter. Finally, WASHINGTON TRUST Co lifted its holdings in shares of Parker-Hannifin by 24.3% in the first quarter. WASHINGTON TRUST Co now owns 143 shares of the industrial products company’s stock valued at $87,000 after purchasing an additional 28 shares in the last quarter. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Truist Financial upped their price target 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. Wall Street Zen upgraded shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. Cowen restated a “hold” rating on shares of Parker-Hannifin in a report on Friday, August 29th. Mizuho upped their target price on shares of Parker-Hannifin from $800.00 to $825.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Finally, Wells Fargo & Company upped their target price on shares of Parker-Hannifin from $800.00 to $840.00 and gave the company an “overweight” rating in a report on Monday, October 6th. Fourteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $789.67.

Insider Buying and Selling at Parker-Hannifin

In related news, COO Andrew D. Ross sold 4,361 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $732.66, for a total transaction of $3,195,130.26. Following the completion of the sale, the chief operating officer owned 13,120 shares of the company’s stock, valued at approximately $9,612,499.20. This represents a 24.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joseph R. Leonti sold 4,625 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $750.84, for a total transaction of $3,472,635.00. Following the sale, the executive vice president directly owned 13,878 shares of the company’s stock, valued at approximately $10,420,157.52. This trade represents a 25.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 14,039 shares of company stock worth $10,356,566. 0.32% of the stock is currently owned by insiders.

Parker-Hannifin Trading Down 0.9%

Shares of PH stock opened at $767.40 on Wednesday. The firm has a market cap of $97.11 billion, a P/E ratio of 28.30, a PEG ratio of 3.20 and a beta of 1.35. Parker-Hannifin Corporation has a 1-year low of $488.45 and a 1-year high of $780.00. 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 firm’s 50-day simple moving average is $752.86 and its 200-day simple moving average is $700.78.

Parker-Hannifin (NYSE:PH) last announced 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 business had revenue of $5.24 billion for 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 period in the prior year, the firm posted $6.77 EPS. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, equities analysts forecast that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 7th will be issued a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, November 7th. Parker-Hannifin’s dividend payout ratio is presently 26.55%.

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.