Cullen Frost Bankers Inc. Cuts Stock Position in Parker-Hannifin Corporation $PH

Cullen Frost Bankers Inc. lessened its stake in Parker-Hannifin Corporation (NYSE:PH) by 67.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 290 shares of the industrial products company’s stock after selling 600 shares during the period. Cullen Frost Bankers Inc.’s holdings in Parker-Hannifin were worth $202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cascade Financial Partners LLC grew its stake in Parker-Hannifin by 3.1% in the first quarter. Cascade Financial Partners LLC now owns 498 shares of the industrial products company’s stock valued at $303,000 after purchasing an additional 15 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in Parker-Hannifin by 0.8% in the first 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 boosted its holdings in Parker-Hannifin by 3.3% in the second 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 boosted its holdings in Parker-Hannifin by 3.6% in the second 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 boosted its holdings in Parker-Hannifin by 0.5% in the first 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. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Stock Up 0.9%

Shares of PH stock opened at $772.86 on Friday. The stock has a 50 day moving average of $751.64 and a 200 day moving average of $697.37. 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 stock has a market cap of $97.80 billion, a P/E ratio of 28.50, a P/E/G ratio of 3.19 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 announced its quarterly earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share for the quarter, beating the consensus estimate of $7.08 by $0.61. The company had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.10 billion. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.Parker-Hannifin’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the business earned $6.77 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, sell-side analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 7th will be given a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, November 7th. Parker-Hannifin’s dividend payout ratio (DPR) is currently 26.55%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on PH shares. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a report on Saturday. Mizuho raised their price target on Parker-Hannifin from $800.00 to $825.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Deutsche Bank Aktiengesellschaft downgraded 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. Wall Street Zen raised Parker-Hannifin from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. Finally, Truist Financial lifted their target price on Parker-Hannifin from $822.00 to $910.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Fourteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $789.67.

Insider Activity at Parker-Hannifin

In other news, VP Angela R. Ives sold 810 shares of the company’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $727.36, for a total transaction 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 position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Robert W. Malone sold 2,257 shares of the company’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $730.66, for a total value of $1,649,099.62. Following the transaction, the vice president directly owned 5,866 shares of the company’s stock, valued at approximately $4,286,051.56. The trade was a 27.79% 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 in the last 90 days. 0.32% of the stock is currently owned by corporate insiders.

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.