Chicago Partners Investment Group LLC Buys 44 Shares of Parker-Hannifin Corporation $PH

Chicago Partners Investment Group LLC grew its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 7.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 613 shares of the industrial products company’s stock after buying an additional 44 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Parker-Hannifin were worth $446,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Wealth Preservation Advisors LLC bought a new position in shares of Parker-Hannifin during the first quarter valued at approximately $27,000. Saudi Central Bank bought a new position in shares of Parker-Hannifin during the first quarter valued at approximately $31,000. Interchange Capital Partners LLC bought a new position in shares of Parker-Hannifin during the second quarter valued at approximately $31,000. Olde Wealth Management LLC bought a new position in shares of Parker-Hannifin during the first quarter valued at approximately $35,000. Finally, 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 buying an additional 60 shares during the last quarter. Institutional investors own 82.44% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on PH shares. Cowen reiterated a “hold” rating on shares of Parker-Hannifin in a report on Friday, August 29th. Morgan Stanley boosted their price target on Parker-Hannifin from $700.00 to $725.00 and gave the company an “equal weight” rating in a report on Wednesday, July 9th. Deutsche Bank Aktiengesellschaft lowered Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price target for the company. in a report on Thursday, September 4th. KeyCorp boosted their price target on Parker-Hannifin from $810.00 to $825.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. Finally, Wells Fargo & Company boosted their price target on Parker-Hannifin from $800.00 to $840.00 and gave the company an “overweight” rating in a report on Monday, October 6th. Fourteen investment 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 currently has a consensus rating of “Moderate Buy” and an average price target of $789.67.

Insider Buying and Selling

In related news, COO Andrew D. Ross sold 4,361 shares of the firm’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $732.66, for a total value of $3,195,130.26. Following the completion of the transaction, the chief operating officer owned 13,120 shares in the company, valued at $9,612,499.20. This trade represents a 24.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Thomas C. Gentile sold 1,133 shares of the firm’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $729.50, for a total value of $826,523.50. Following the completion of the transaction, the vice president owned 5,465 shares of the company’s stock, valued at $3,986,717.50. This trade represents a 17.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,039 shares of company stock worth $10,356,566 over the last three months. Corporate insiders own 0.32% of the company’s stock.

Parker-Hannifin Stock Down 2.3%

Parker-Hannifin stock opened at $740.43 on Thursday. The business has a fifty day moving average of $750.38 and a two-hundred day moving average of $692.83. 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 firm has a market cap of $93.69 billion, a P/E ratio of 27.30, a P/E/G ratio of 3.13 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.

Parker-Hannifin (NYSE:PH) last posted 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. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The company had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.10 billion. During the same quarter in the prior year, the business 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. On average, analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 7th will be paid a $1.80 dividend. The ex-dividend date is Friday, November 7th. This represents a $7.20 dividend on an annualized basis and a yield of 1.0%. Parker-Hannifin’s dividend payout ratio (DPR) is 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.