Strong Tower Advisory Services Acquires 67 Shares of Parker-Hannifin Corporation $PH

Strong Tower Advisory Services grew its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 1.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,883 shares of the industrial products company’s stock after purchasing an additional 67 shares during the period. Strong Tower Advisory Services’ holdings in Parker-Hannifin were worth $4,109,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Wealth Preservation Advisors LLC purchased a new position in shares of Parker-Hannifin during the 1st quarter valued at $27,000. Saudi Central Bank purchased a new position in shares of Parker-Hannifin during the 1st quarter valued at $31,000. Olde Wealth Management LLC purchased a new position in shares of Parker-Hannifin during the 1st quarter valued at $35,000. Chilton Capital Management LLC grew its position 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 valued at $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 during the 1st quarter valued at $41,000. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Angela R. Ives sold 810 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $727.36, for a total value of $589,161.60. Following the completion of the transaction, the vice president directly owned 2,798 shares of the company’s stock, valued at $2,035,153.28. This represents a 22.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Joseph R. Leonti sold 4,625 shares of the 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 completion of the transaction, the executive vice president directly 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. Insiders sold 14,039 shares of company stock valued at $10,356,566 over the last quarter. 0.32% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on PH. Wall Street Zen upgraded shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. Citigroup increased their target price on Parker-Hannifin from $831.00 to $874.00 and gave the company a “buy” rating in a research note on Thursday. Susquehanna began coverage on Parker-Hannifin in a research note on Friday, August 15th. They issued a “positive” rating and a $860.00 target price on the stock. Deutsche Bank Aktiengesellschaft cut Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 target price on the stock. in a research note on Thursday, September 4th. Finally, Wells Fargo & Company increased their target price on Parker-Hannifin from $800.00 to $840.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. Fourteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Parker-Hannifin currently has a consensus rating of “Moderate Buy” and a consensus price target of $786.78.

Parker-Hannifin Stock Performance

Parker-Hannifin stock opened at $716.31 on Friday. 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 firm has a 50-day moving average of $748.97 and a 200-day moving average of $685.15. The firm has a market cap of $90.64 billion, a P/E ratio of 26.41, a P/E/G ratio of 3.06 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.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.08 by $0.61. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The company had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the prior year, the firm earned $6.77 earnings per share. Parker-Hannifin’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. Sell-side analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

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

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.