Klingman & Associates LLC Has $345,000 Stock Holdings in Parker-Hannifin Corporation $PH

Klingman & Associates LLC boosted its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 13.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 494 shares of the industrial products company’s stock after buying an additional 57 shares during the period. Klingman & Associates LLC’s holdings in Parker-Hannifin were worth $345,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Cascade Financial Partners LLC grew its stake in shares of Parker-Hannifin by 3.1% in 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 in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Parker-Hannifin by 0.8% in the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,814 shares of the industrial products company’s stock worth $1,103,000 after acquiring an additional 15 shares in the last quarter. Bingham Private Wealth LLC grew its stake in shares of Parker-Hannifin by 3.3% in the 2nd quarter. Bingham Private Wealth LLC now owns 472 shares of the industrial products company’s stock worth $330,000 after acquiring an additional 15 shares in the last quarter. Sivia Capital Partners LLC grew its stake in shares of Parker-Hannifin by 3.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 430 shares of the industrial products company’s stock worth $300,000 after acquiring an additional 15 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in shares of Parker-Hannifin by 0.5% in the 1st quarter. Empowered Funds LLC now owns 2,894 shares of the industrial products company’s stock worth $1,759,000 after acquiring an additional 15 shares in the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Insider Buying and Selling at Parker-Hannifin

In other Parker-Hannifin news, VP Matthew A. Jacobson sold 575 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $733,060. This represents a 36.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Joseph R. Leonti sold 4,625 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $750.84, for a total transaction of $3,472,635.00. Following the sale, the executive vice president directly owned 13,878 shares in the company, valued at approximately $10,420,157.52. This trade represents a 25.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,039 shares of company stock valued at $10,356,566. Insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on PH. Cowen reiterated a “hold” rating on shares of Parker-Hannifin in a research note on Friday, August 29th. Raymond James Financial upped their target price on shares of Parker-Hannifin from $735.00 to $845.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Wall Street Zen upgraded shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a research note on Saturday, September 20th. Mizuho upped their target price on shares of Parker-Hannifin from $800.00 to $825.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Morgan Stanley increased their price target on shares of Parker-Hannifin from $700.00 to $725.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 9th. Fourteen 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, Parker-Hannifin presently has a consensus rating of “Moderate Buy” and an average price target of $789.67.

Parker-Hannifin Price Performance

PH opened at $757.83 on Wednesday. The firm has a market cap of $95.90 billion, a P/E ratio of 27.94, a PEG ratio of 3.06 and a beta of 1.35. Parker-Hannifin Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $779.77. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19. The firm has a 50-day moving average of $750.81 and a 200 day moving average of $692.50.

Parker-Hannifin (NYSE:PH) last released 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 business had revenue of $5.24 billion for 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 revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.77 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. On average, research analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

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 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 yield of 1.0%. Parker-Hannifin’s dividend payout ratio 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.