Burney Co. Lowers Stock Holdings in Parker-Hannifin Corporation $PH

Burney Co. trimmed its stake in Parker-Hannifin Corporation (NYSE:PH) by 4.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,230 shares of the industrial products company’s stock after selling 2,459 shares during the period. Parker-Hannifin comprises 1.2% of Burney Co.’s holdings, making the stock its 13th biggest holding. Burney Co.’s holdings in Parker-Hannifin were worth $35,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in PH. Wealth Preservation Advisors LLC purchased a new stake in Parker-Hannifin in the 1st quarter valued at about $27,000. Saudi Central Bank purchased a new stake in Parker-Hannifin in the 1st quarter valued at about $31,000. Interchange Capital Partners LLC purchased a new stake in Parker-Hannifin in the 2nd quarter valued at about $31,000. Olde Wealth Management LLC purchased a new stake in Parker-Hannifin in the 1st quarter valued at about $35,000. Finally, Chilton Capital Management LLC boosted its position 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 buying an additional 60 shares during the period. 82.44% of the stock is owned by hedge funds and other institutional investors.

Parker-Hannifin Trading Down 0.2%

NYSE:PH opened at $772.88 on Monday. Parker-Hannifin Corporation has a 52 week low of $488.45 and a 52 week high of $792.53. The firm has a 50 day moving average of $754.74 and a 200 day moving average of $706.13. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $97.80 billion, a price-to-earnings ratio of 28.50, a PEG ratio of 3.21 and a beta of 1.35.

Parker-Hannifin (NYSE:PH) last posted its earnings results on Thursday, August 7th. The industrial products company reported $7.69 EPS for the quarter, beating 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 analysts’ expectations of $5.10 billion. During the same quarter in the prior year, the company posted $6.77 earnings per share. Parker-Hannifin’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. As a group, sell-side analysts anticipate that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

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

Insider Activity at Parker-Hannifin

In other Parker-Hannifin news, VP Angela R. Ives sold 810 shares of the company’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 transaction 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Joseph R. Leonti sold 4,625 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $750.84, for a total transaction of $3,472,635.00. Following the transaction, the executive vice president owned 13,878 shares in the company, valued at $10,420,157.52. The trade was a 25.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 14,039 shares of company stock valued at $10,356,566 over the last three months. Company insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a research report on Wednesday, October 8th. Cowen reaffirmed a “hold” rating on shares of Parker-Hannifin in a research report on Friday, August 29th. Wall Street Zen raised shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. Truist Financial upped their price target on shares of Parker-Hannifin from $822.00 to $910.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Finally, Morgan Stanley upped their price target on shares of Parker-Hannifin from $700.00 to $725.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 9th. Thirteen research 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 company has an average rating of “Moderate Buy” and an average target price of $794.35.

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.