Parker-Hannifin Corporation $PH Shares Sold by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC trimmed its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 14.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,542 shares of the industrial products company’s stock after selling 257 shares during the period. Ameritas Advisory Services LLC’s holdings in Parker-Hannifin were worth $1,077,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PH. Wealth Preservation Advisors LLC acquired a new position in Parker-Hannifin during the first quarter valued at approximately $27,000. Saudi Central Bank acquired a new position in Parker-Hannifin during the first quarter valued at approximately $31,000. Olde Wealth Management LLC acquired a new position in Parker-Hannifin during the first quarter valued at approximately $35,000. Chilton Capital Management LLC lifted its position in 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 buying an additional 60 shares in the last quarter. Finally, Accent Capital Management LLC acquired a new position in Parker-Hannifin during the first quarter valued at approximately $41,000. 82.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PH has been the subject of several analyst reports. Wall Street Zen upgraded shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a research note on Saturday, September 20th. Cowen restated a “hold” rating on shares of Parker-Hannifin in a research note on Friday, August 29th. Barclays upped their target price on shares of Parker-Hannifin from $776.00 to $785.00 and gave the company an “overweight” rating in a research note on Wednesday. Susquehanna initiated coverage on shares of Parker-Hannifin in a research note on Friday, August 15th. They issued a “positive” rating and a $860.00 target price for the company. Finally, KeyCorp upped their target price on shares of Parker-Hannifin from $790.00 to $810.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Fourteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $771.44.

Parker-Hannifin Stock Up 0.7%

Shares of NYSE:PH opened at $763.72 on Friday. The stock has a market capitalization of $96.64 billion, a price-to-earnings ratio of 28.16, a price-to-earnings-growth ratio of 3.16 and a beta of 1.35. Parker-Hannifin Corporation has a 1-year low of $488.45 and a 1-year high of $779.77. The company’s fifty day moving average is $747.47 and its two-hundred day moving average is $681.70. 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 (NYSE:PH) last issued 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 company had revenue of $5.24 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the company earned $6.77 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Equities analysts anticipate that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Announces Dividend

The company also recently declared 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 was Tuesday, September 2nd. This represents a $7.20 annualized dividend and a dividend yield of 0.9%. Parker-Hannifin’s dividend payout ratio is currently 26.55%.

Insider Buying and Selling at Parker-Hannifin

In other news, COO Andrew D. Ross sold 4,361 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $732.66, for a total transaction of $3,195,130.26. Following the completion of the transaction, the chief operating officer owned 13,120 shares in the company, valued at approximately $9,612,499.20. This represents a 24.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert W. Malone sold 2,257 shares of the company’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $730.66, for a total transaction of $1,649,099.62. Following the transaction, the vice president owned 5,866 shares of the company’s stock, valued at $4,286,051.56. This represents a 27.79% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,039 shares of company stock valued at $10,356,566. Corporate insiders own 0.32% of the company’s stock.

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.