Cooper Financial Group Sells 17 Shares of Parker-Hannifin Corporation $PH

Cooper Financial Group cut its stake in Parker-Hannifin Corporation (NYSE:PH) by 1.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 878 shares of the industrial products company’s stock after selling 17 shares during the period. Cooper Financial Group’s holdings in Parker-Hannifin were worth $613,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Wealth Preservation Advisors LLC bought a new position in shares of Parker-Hannifin during the 1st quarter worth approximately $27,000. Saudi Central Bank bought a new position in shares of Parker-Hannifin during the 1st quarter worth approximately $31,000. Olde Wealth Management LLC bought a new position in shares of Parker-Hannifin during the 1st quarter worth approximately $35,000. Chilton Capital Management LLC boosted its holdings in shares of 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 buying an additional 60 shares in the last quarter. Finally, Accent Capital Management LLC bought a new position in shares of Parker-Hannifin during the 1st quarter worth approximately $41,000. 82.44% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Matthew A. Jacobson sold 575 shares of the firm’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $733.06, for a total transaction of $421,509.50. Following the completion of the sale, the vice president directly owned 1,000 shares of the company’s stock, valued at $733,060. This trade represents a 36.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Joseph R. Leonti sold 4,625 shares of the firm’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $750.84, for a total value 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 represents a 25.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,039 shares of company stock worth $10,356,566. 0.32% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PH. KeyCorp increased their price target on Parker-Hannifin from $790.00 to $810.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. Stifel Nicolaus increased their target price on Parker-Hannifin from $717.00 to $726.00 and gave the stock a “hold” rating in a report on Friday, August 8th. Citigroup reiterated a “buy” rating and issued a $831.00 target price (up from $709.00) on shares of Parker-Hannifin in a report on Monday, July 14th. Evercore ISI reiterated an “outperform” rating on shares of Parker-Hannifin in a report on Tuesday, August 19th. Finally, Wall Street Zen upgraded Parker-Hannifin from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. Thirteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $771.44.

Parker-Hannifin Price Performance

Shares of NYSE:PH opened at $755.64 on Thursday. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55. The stock’s fifty day simple moving average is $746.40 and its two-hundred day simple moving average is $679.39. Parker-Hannifin Corporation has a 1-year low of $488.45 and a 1-year high of $779.77. The stock has a market cap of $95.62 billion, a PE ratio of 27.86, a price-to-earnings-growth ratio of 3.14 and a beta of 1.35.

Parker-Hannifin (NYSE:PH) last issued 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 business had revenue of $5.24 billion for the quarter, compared to analysts’ expectations of $5.10 billion. During the same period last year, the business earned $6.77 EPS. The business’s revenue was up 1.1% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, analysts forecast that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were given a dividend of $1.80 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.20 annualized dividend and a dividend yield of 1.0%. Parker-Hannifin’s dividend payout ratio (DPR) is currently 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.