BCS Wealth Management Boosts Holdings in Parker-Hannifin Corporation $PH

BCS Wealth Management lifted its position in Parker-Hannifin Corporation (NYSE:PH) by 7.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,253 shares of the industrial products company’s stock after acquiring an additional 154 shares during the period. BCS Wealth Management’s holdings in Parker-Hannifin were worth $1,574,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Wealth Preservation Advisors LLC purchased a new position in Parker-Hannifin in the 1st quarter worth about $27,000. Saudi Central Bank purchased a new stake in Parker-Hannifin during the first quarter valued at $31,000. Olde Wealth Management LLC purchased a new stake in shares of Parker-Hannifin during the 1st quarter valued at about $35,000. Chilton Capital Management LLC boosted its holdings in shares of Parker-Hannifin by 1,500.0% in the first quarter. Chilton Capital Management LLC now owns 64 shares of the industrial products company’s stock worth $39,000 after buying an additional 60 shares during the last quarter. Finally, Accent Capital Management LLC purchased a new position in shares of Parker-Hannifin during the 1st quarter worth $41,000. 82.44% of the stock is owned by hedge funds and other institutional investors.

Parker-Hannifin Price Performance

PH stock opened at $760.51 on Wednesday. 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 company’s fifty day moving average price is $742.51 and its 200-day moving average price is $673.83. Parker-Hannifin Corporation has a one year low of $488.45 and a one year high of $779.77. The company has a market capitalization of $96.24 billion, a PE ratio of 28.04, a price-to-earnings-growth ratio of 3.15 and a beta of 1.35.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.08 by $0.61. The company 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%. Parker-Hannifin’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.77 EPS. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. On average, equities analysts anticipate that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

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

Wall Street Analyst Weigh In

PH has been the subject of several recent research reports. KeyCorp boosted their price target on Parker-Hannifin from $790.00 to $810.00 and gave the company an “overweight” rating in a report on Friday, August 8th. Cowen reiterated a “hold” rating on shares of Parker-Hannifin in a research note on Friday, August 29th. Wells Fargo & Company raised their target price on shares of Parker-Hannifin from $770.00 to $800.00 and gave the stock an “overweight” rating in a research note on Friday, August 8th. Susquehanna initiated coverage on shares of Parker-Hannifin in a research report on Friday, August 15th. They issued a “positive” rating and a $860.00 price target for the company. Finally, Raymond James Financial raised their price objective on shares of Parker-Hannifin from $735.00 to $845.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Thirteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $770.94.

Insider Buying and Selling at Parker-Hannifin

In other Parker-Hannifin news, VP Thomas C. Gentile sold 1,133 shares of Parker-Hannifin stock in a transaction that occurred 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 sale, the vice president owned 5,465 shares of the company’s stock, valued at $3,986,717.50. The trade was a 17.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Robert W. Malone sold 2,257 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $730.66, for a total value of $1,649,099.62. Following the transaction, the vice president owned 5,866 shares of the company’s stock, valued at $4,286,051.56. This represents a 27.79% decrease in their ownership of the stock. 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. 0.39% of the stock is owned by company insiders.

Parker-Hannifin 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.