Sound Income Strategies LLC Has $965,000 Stake in Parker-Hannifin Corporation $PH

Sound Income Strategies LLC raised its position in Parker-Hannifin Corporation (NYSE:PH) by 8.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 1,381 shares of the industrial products company’s stock after purchasing an additional 111 shares during the period. Sound Income Strategies LLC’s holdings in Parker-Hannifin were worth $965,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Wealth Preservation Advisors LLC bought a new position in shares of Parker-Hannifin during the first quarter valued at $27,000. Saudi Central Bank bought a new position in shares of Parker-Hannifin in the first quarter worth about $31,000. Olde Wealth Management LLC acquired a new position in Parker-Hannifin during the 1st quarter worth $35,000. Chilton Capital Management LLC lifted its stake in shares of Parker-Hannifin by 1,500.0% during the first quarter. Chilton Capital Management LLC now owns 64 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 60 shares during the period. Finally, Accent Capital Management LLC acquired a new position in Parker-Hannifin during the 1st quarter valued at about $41,000. Institutional investors and hedge funds own 82.44% of the company’s stock.

Insider Buying and Selling

In related news, VP Angela R. Ives sold 810 shares of Parker-Hannifin stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $727.36, for a total value of $589,161.60. Following the transaction, the vice president directly owned 2,798 shares of the company’s stock, valued at $2,035,153.28. The trade was a 22.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Matthew A. Jacobson sold 575 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $733.06, for a total transaction of $421,509.50. Following the sale, the vice president directly owned 1,000 shares of the company’s stock, valued at $733,060. This represents a 36.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,039 shares of company stock valued at $10,356,566 over the last quarter. 0.32% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

PH has been the topic of several recent research reports. Stifel Nicolaus raised their price target on Parker-Hannifin from $717.00 to $726.00 and gave the stock a “hold” rating in a research report on Friday, August 8th. KeyCorp upped their target price on shares of Parker-Hannifin from $790.00 to $810.00 and gave the stock an “overweight” rating in a research note on Friday, August 8th. Raymond James Financial lifted their price objective on shares of Parker-Hannifin from $735.00 to $845.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Wall Street Zen raised Parker-Hannifin from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. Finally, Cowen reissued a “hold” rating on shares of Parker-Hannifin in a research report on Friday, August 29th. Thirteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Parker-Hannifin has an average rating of “Moderate Buy” and a consensus target price of $770.94.

Parker-Hannifin Price Performance

PH stock opened at $753.24 on Tuesday. The stock has a market cap of $95.32 billion, a price-to-earnings ratio of 27.77, a P/E/G ratio of 3.11 and a beta of 1.35. 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 company has a 50 day simple moving average of $745.14 and a 200 day simple moving average of $678.30. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $779.77.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 earnings per share for the quarter, beating the consensus estimate of $7.08 by $0.61. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The company had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter last year, the business posted $6.77 EPS. Parker-Hannifin’s revenue for the quarter was up 1.1% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Research analysts anticipate that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

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

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.