CHICAGO TRUST Co NA Sells 236 Shares of Parker-Hannifin Corporation $PH

CHICAGO TRUST Co NA cut its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 13.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,567 shares of the industrial products company’s stock after selling 236 shares during the period. CHICAGO TRUST Co NA’s holdings in Parker-Hannifin were worth $1,095,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cascade Financial Partners LLC increased its holdings in shares of Parker-Hannifin by 3.1% during the first quarter. Cascade Financial Partners LLC now owns 498 shares of the industrial products company’s stock worth $303,000 after buying an additional 15 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its holdings 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 acquiring an additional 15 shares during the period. Empowered Funds LLC grew its holdings in Parker-Hannifin by 0.5% during 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 during the period. Sivia Capital Partners LLC grew its holdings in Parker-Hannifin by 3.6% during 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 during the period. Finally, Nicolet Advisory Services LLC grew its holdings in Parker-Hannifin by 3.5% during the 1st quarter. Nicolet Advisory Services LLC now owns 468 shares of the industrial products company’s stock worth $262,000 after acquiring an additional 16 shares during the period. 82.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, VP Thomas C. Gentile sold 1,133 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $729.50, for a total transaction of $826,523.50. Following the completion of the transaction, the vice president directly owned 5,465 shares of the company’s stock, valued at approximately $3,986,717.50. This represents a 17.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Angela R. Ives sold 810 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $727.36, for a total transaction of $589,161.60. Following the transaction, the vice president directly owned 2,798 shares of the company’s stock, valued at approximately $2,035,153.28. This trade represents a 22.45% 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 three months. 0.39% of the stock is owned by corporate insiders.

Parker-Hannifin Price Performance

Shares of NYSE PH opened at $760.74 on Tuesday. 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 fifty day simple moving average of $741.46 and a two-hundred day simple moving average of $673.22. Parker-Hannifin Corporation has a 1-year low of $488.45 and a 1-year high of $779.77. The firm has a market cap of $97.21 billion, a price-to-earnings ratio of 28.05, a price-to-earnings-growth ratio of 3.13 and a beta of 1.35.

Parker-Hannifin (NYSE:PH) last issued its earnings results 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 return on equity of 26.80% and a net margin of 17.79%.The firm had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same period in the previous year, the company posted $6.77 earnings per share. The business’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. Analysts anticipate that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were given a $1.80 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $7.20 annualized dividend and a yield of 0.9%. Parker-Hannifin’s payout ratio is 26.55%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on PH shares. Cowen reiterated a “hold” rating on shares of Parker-Hannifin in a report on Friday, August 29th. Raymond James Financial raised their target price on Parker-Hannifin from $735.00 to $845.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Citigroup restated a “buy” rating and issued a $831.00 target price (up from $709.00) on shares of Parker-Hannifin in a research note on Monday, July 14th. KeyCorp raised their target price on Parker-Hannifin from $790.00 to $810.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Finally, Evercore ISI restated an “outperform” rating on shares of Parker-Hannifin in a research note on Tuesday, August 19th. Thirteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Parker-Hannifin presently has an average rating of “Moderate Buy” and a consensus target price of $770.94.

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.