Elm3 Financial Group LLC Sells 32 Shares of Parker-Hannifin Corporation $PH

Elm3 Financial Group LLC decreased its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 9.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 300 shares of the industrial products company’s stock after selling 32 shares during the quarter. Elm3 Financial Group LLC’s holdings in Parker-Hannifin were worth $210,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cascade Financial Partners LLC lifted its holdings in shares of Parker-Hannifin by 3.1% during the 1st quarter. Cascade Financial Partners LLC now owns 498 shares of the industrial products company’s stock worth $303,000 after acquiring an additional 15 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its position in Parker-Hannifin by 0.8% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,814 shares of the industrial products company’s stock valued at $1,103,000 after purchasing an additional 15 shares in the last quarter. Empowered Funds LLC raised its position in Parker-Hannifin by 0.5% during the first quarter. Empowered Funds LLC now owns 2,894 shares of the industrial products company’s stock valued at $1,759,000 after purchasing an additional 15 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in Parker-Hannifin by 3.6% during the second quarter. Sivia Capital Partners LLC now owns 430 shares of the industrial products company’s stock worth $300,000 after purchasing an additional 15 shares during the last quarter. Finally, Nicolet Advisory Services LLC boosted its holdings in shares of Parker-Hannifin by 3.5% in the 1st quarter. Nicolet Advisory Services LLC now owns 468 shares of the industrial products company’s stock worth $262,000 after purchasing an additional 16 shares in the last quarter. 82.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Parker-Hannifin

In related news, EVP Joseph R. Leonti sold 4,625 shares of Parker-Hannifin 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 owned 13,878 shares in the company, valued at $10,420,157.52. The trade was a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Matthew A. Jacobson sold 575 shares of the firm’s stock in a transaction dated 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 approximately $733,060. This represents a 36.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,039 shares of company stock worth $10,356,566. Corporate insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

PH has been the subject of a number of recent research reports. KeyCorp boosted their target price on Parker-Hannifin from $790.00 to $810.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Deutsche Bank Aktiengesellschaft downgraded shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price target on the stock. in a research note on Thursday, September 4th. Cowen reaffirmed a “hold” rating on shares of Parker-Hannifin in a research note on Friday, August 29th. Raymond James Financial lifted their target price on shares of Parker-Hannifin from $735.00 to $845.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Finally, Stifel Nicolaus upped their price target on shares of Parker-Hannifin from $717.00 to $726.00 and gave the company a “hold” rating in a research report on Friday, August 8th. Fourteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $773.67.

Parker-Hannifin Trading Up 0.2%

NYSE:PH opened at $764.56 on Tuesday. The firm has a market capitalization of $96.75 billion, a P/E ratio of 28.19, a P/E/G ratio of 3.16 and a beta of 1.35. Parker-Hannifin Corporation has a 52 week low of $488.45 and a 52 week high of $779.77. 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 fifty day moving average of $747.98 and a 200 day moving average of $683.09.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 EPS for the quarter, beating the consensus estimate of $7.08 by $0.61. The firm had revenue of $5.24 billion during 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 company’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.77 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. On average, research analysts predict that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were issued a $1.80 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $7.20 annualized dividend and a yield of 0.9%. Parker-Hannifin’s dividend payout ratio (DPR) 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.