Parker-Hannifin Corporation $PH Holdings Trimmed by Diversified Trust Co

Diversified Trust Co trimmed its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 30.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 720 shares of the industrial products company’s stock after selling 318 shares during the period. Diversified Trust Co’s holdings in Parker-Hannifin were worth $503,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cascade Financial Partners LLC grew its position in 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 purchasing an additional 15 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its position in Parker-Hannifin by 0.8% during 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 purchasing an additional 15 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Parker-Hannifin by 0.5% during the 1st quarter. Empowered Funds LLC now owns 2,894 shares of the industrial products company’s stock valued at $1,759,000 after buying an additional 15 shares during the period. Sivia Capital Partners LLC boosted its stake in shares of Parker-Hannifin by 3.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 430 shares of the industrial products company’s stock valued at $300,000 after buying an additional 15 shares during the period. Finally, Nicolet Advisory Services LLC boosted its stake in shares of Parker-Hannifin by 3.5% during the 1st quarter. Nicolet Advisory Services LLC now owns 468 shares of the industrial products company’s stock valued at $262,000 after buying an additional 16 shares during the period. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Evercore ISI reissued an “outperform” rating on shares of Parker-Hannifin in a research note on Tuesday, August 19th. Morgan Stanley lifted their target price 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. Cowen reissued a “hold” rating on shares of Parker-Hannifin in a research note on Friday, August 29th. Susquehanna assumed coverage on shares of Parker-Hannifin in a research note on Friday, August 15th. They set a “positive” rating and a $860.00 target price for the company. Finally, Stifel Nicolaus lifted their target price on shares of Parker-Hannifin from $717.00 to $726.00 and gave the company a “hold” rating in a research note on Friday, August 8th. Thirteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $770.94.

Insiders Place Their Bets

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 transaction, the executive vice president owned 13,878 shares in the company, valued at $10,420,157.52. This trade represents a 25.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Andrew D. Ross sold 4,361 shares of Parker-Hannifin stock in a transaction on Friday, August 8th. The stock was sold at an average price of $732.66, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold 14,039 shares of company stock worth $10,356,566 in the last 90 days. 0.39% of the stock is owned by corporate insiders.

Parker-Hannifin Stock Up 0.1%

PH stock opened at $760.51 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $779.77. The company has a fifty day simple moving average of $742.51 and a 200 day simple moving average of $673.83. The firm has a market cap of $96.24 billion, a PE ratio of 28.04, a PEG ratio of 3.15 and a beta of 1.35.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.08 by $0.61. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The business had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.10 billion. During the same quarter in the previous year, the business earned $6.77 EPS. Parker-Hannifin’s quarterly revenue was up 1.1% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Sell-side analysts anticipate that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, September 2nd. Parker-Hannifin’s payout ratio is presently 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.