CENTRAL TRUST Co Increases Stock Holdings in Parker-Hannifin Corporation $PH

CENTRAL TRUST Co boosted its stake in Parker-Hannifin Corporation (NYSE:PH) by 2.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,491 shares of the industrial products company’s stock after buying an additional 100 shares during the quarter. CENTRAL TRUST Co’s holdings in Parker-Hannifin were worth $3,137,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Laffer Tengler Investments Inc. purchased a new stake in shares of Parker-Hannifin in the second quarter valued at about $1,397,000. Vise Technologies Inc. bought a new stake in Parker-Hannifin in the 2nd quarter worth about $2,277,000. Allworth Financial LP grew its position in Parker-Hannifin by 2,692.8% in the 2nd quarter. Allworth Financial LP now owns 14,355 shares of the industrial products company’s stock worth $10,027,000 after purchasing an additional 13,841 shares in the last quarter. Addison Advisors LLC increased its stake in Parker-Hannifin by 32.2% in the 2nd quarter. Addison Advisors LLC now owns 78 shares of the industrial products company’s stock valued at $54,000 after buying an additional 19 shares during the last quarter. Finally, Davis R M Inc. lifted its position in shares of Parker-Hannifin by 205.2% during the 2nd quarter. Davis R M Inc. now owns 1,053 shares of the industrial products company’s stock worth $735,000 after buying an additional 708 shares in the last quarter. 82.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on PH shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Parker-Hannifin in a report on Wednesday, October 8th. KeyCorp boosted their price objective on Parker-Hannifin from $825.00 to $935.00 and gave the stock an “overweight” rating in a research report on Friday. Raymond James Financial raised their target price on Parker-Hannifin from $735.00 to $845.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Evercore ISI reiterated an “outperform” rating on shares of Parker-Hannifin in a research note on Tuesday, August 19th. Finally, Cowen restated a “hold” rating on shares of Parker-Hannifin in a research report on Friday, August 29th. Thirteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $852.00.

Parker-Hannifin Price Performance

Shares of NYSE:PH opened at $858.11 on Wednesday. The firm has a market capitalization of $108.59 billion, a PE ratio of 31.64, a P/E/G ratio of 3.21 and a beta of 1.37. 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 company has a 50-day moving average price of $762.26 and a two-hundred day moving average price of $717.96. Parker-Hannifin Corporation has a twelve month low of $488.45 and a twelve month high of $866.72.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.62 by $0.60. The company had revenue of $5.08 billion for the quarter, compared to analyst estimates of $4.94 billion. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.20 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 29.600-30.400 EPS. FY 2026 guidance at 29.600-30.400 EPS. Equities analysts forecast that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 7th will be given a dividend of $1.80 per share. The ex-dividend date is Friday, November 7th. This represents a $7.20 annualized dividend and a dividend yield of 0.8%. Parker-Hannifin’s dividend payout ratio is currently 25.65%.

Insider Activity at Parker-Hannifin

In other news, EVP Joseph R. Leonti sold 4,625 shares of Parker-Hannifin stock in a transaction on Monday, August 25th. The stock was sold at an average price of $750.84, for a total value of $3,472,635.00. Following the completion of the transaction, the executive vice president directly owned 13,878 shares in the company, valued at approximately $10,420,157.52. The trade was a 25.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.32% of the stock is owned by insiders.

Parker-Hannifin Company 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.