Patton Fund Management Inc. Has $257,000 Stock Holdings in Parker-Hannifin Corporation $PH

Patton Fund Management Inc. trimmed its holdings in Parker-Hannifin Corporation (NYSE:PH) by 94.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 368 shares of the industrial products company’s stock after selling 5,993 shares during the period. Patton Fund Management Inc.’s holdings in Parker-Hannifin were worth $257,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Wealth Preservation Advisors LLC bought a new position in shares of Parker-Hannifin in the 1st quarter valued at $27,000. Saudi Central Bank bought a new stake in Parker-Hannifin in the 1st quarter valued at about $31,000. Olde Wealth Management LLC bought a new stake in Parker-Hannifin during the 1st quarter worth approximately $35,000. Chilton Capital Management LLC increased its holdings in Parker-Hannifin by 1,500.0% during the 1st quarter. Chilton Capital Management LLC now owns 64 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 60 shares in the last quarter. Finally, Accent Capital Management LLC purchased a new position in shares of Parker-Hannifin in the 1st quarter worth approximately $41,000. Institutional investors own 82.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PH. Citigroup reissued a “buy” rating and set a $831.00 price objective (up from $709.00) on shares of Parker-Hannifin in a report on Monday, July 14th. Evercore ISI reaffirmed an “outperform” rating on shares of Parker-Hannifin in a report on Tuesday, August 19th. Raymond James Financial increased their target price on Parker-Hannifin from $735.00 to $845.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Wells Fargo & Company raised their price objective on Parker-Hannifin from $770.00 to $800.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price target for the company. in a report on Thursday, September 4th. Thirteen investment 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 company currently has a consensus rating of “Moderate Buy” and an average price target of $770.94.

Parker-Hannifin Stock Up 0.8%

PH opened at $751.34 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19. Parker-Hannifin Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $779.77. The firm’s fifty day moving average is $744.31 and its 200 day moving average is $676.69. The stock has a market cap of $95.07 billion, a price-to-earnings ratio of 27.70, a price-to-earnings-growth ratio of 3.11 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 earnings per share for the quarter, topping analysts’ consensus estimates of $7.08 by $0.61. The firm had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.10 billion. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm posted $6.77 EPS. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. On average, sell-side analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

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

Insider Transactions at Parker-Hannifin

In other news, VP Robert W. Malone sold 2,257 shares of the firm’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $730.66, for a total value of $1,649,099.62. Following the transaction, the vice president directly owned 5,866 shares of the company’s stock, valued at approximately $4,286,051.56. This trade represents a 27.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Joseph R. Leonti sold 4,625 shares of the firm’s stock in a transaction dated 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 owned 13,878 shares of the company’s stock, valued at approximately $10,420,157.52. The trade was a 25.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,039 shares of company stock valued at $10,356,566. 0.39% of the stock is owned by corporate insiders.

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.