Pegasus Asset Management Inc. Grows Stock Holdings in Parker-Hannifin Corporation $PH

Pegasus Asset Management Inc. increased its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 0.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,940 shares of the industrial products company’s stock after purchasing an additional 60 shares during the quarter. Parker-Hannifin comprises about 3.6% of Pegasus Asset Management Inc.’s portfolio, making the stock its 8th biggest position. Pegasus Asset Management Inc.’s holdings in Parker-Hannifin were worth $10,435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Wealth Preservation Advisors LLC bought a new stake in shares of Parker-Hannifin during the first quarter valued at approximately $27,000. Saudi Central Bank bought a new stake in shares of Parker-Hannifin during the first quarter valued at approximately $31,000. Olde Wealth Management LLC bought a new stake in shares of Parker-Hannifin during the first quarter valued at approximately $35,000. Chilton Capital Management LLC grew 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 purchasing an additional 60 shares during the last quarter. Finally, Accent Capital Management LLC bought a new stake in shares of Parker-Hannifin during the first quarter valued at approximately $41,000. 82.44% of the stock is owned by institutional investors.

Insider Buying and Selling at Parker-Hannifin

In related news, VP Matthew A. Jacobson sold 575 shares of the firm’s stock in a transaction 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 in the company, valued at $733,060. This trade represents a 36.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Joseph R. Leonti sold 4,625 shares of the firm’s stock in a transaction on 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 sale, the executive vice president owned 13,878 shares in the company, 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 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 corporate insiders.

Parker-Hannifin Trading Down 3.0%

Shares of NYSE PH opened at $716.31 on Monday. The company’s fifty day moving average is $748.97 and its 200-day moving average is $685.90. The stock has a market cap of $90.64 billion, a price-to-earnings ratio of 26.41, a P/E/G ratio of 2.97 and a beta of 1.35. Parker-Hannifin Corporation has a twelve month low of $488.45 and a twelve month 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.

Parker-Hannifin (NYSE:PH) last announced its quarterly 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 business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period last year, the firm posted $6.77 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Equities research analysts predict that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors 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 dividend payout ratio (DPR) is presently 26.55%.

Analysts Set New Price Targets

PH has been the topic of a number of recent research reports. Barclays raised their price objective on shares of Parker-Hannifin from $776.00 to $785.00 and gave the company an “overweight” rating in a research note on Wednesday, October 1st. Citigroup raised their price objective on shares of Parker-Hannifin from $831.00 to $874.00 and gave the company a “buy” rating in a research note on Thursday. Morgan Stanley raised their price objective on shares of Parker-Hannifin from $700.00 to $725.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 9th. KeyCorp raised their price objective 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. Finally, Deutsche Bank Aktiengesellschaft cut shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price objective on the stock. in a research note on Thursday, September 4th. Fourteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $786.78.

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.