Mather Group LLC. Has $1.94 Million Holdings in Parker-Hannifin Corporation $PH

Mather Group LLC. lifted its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 1.2% during the 2nd quarter, Holdings Channel reports. The firm owned 2,775 shares of the industrial products company’s stock after purchasing an additional 34 shares during the period. Mather Group LLC.’s holdings in Parker-Hannifin were worth $1,939,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Carr Financial Group Corp grew its position in Parker-Hannifin by 2.5% during the second quarter. Carr Financial Group Corp now owns 1,155 shares of the industrial products company’s stock worth $807,000 after buying an additional 28 shares in the last quarter. BCS Wealth Management increased its position in shares of Parker-Hannifin by 7.3% in the second quarter. BCS Wealth Management now owns 2,253 shares of the industrial products company’s stock worth $1,574,000 after purchasing an additional 154 shares during the period. Accurate Wealth Management LLC raised its stake in Parker-Hannifin by 4.5% in the second quarter. Accurate Wealth Management LLC now owns 1,755 shares of the industrial products company’s stock valued at $1,253,000 after purchasing an additional 75 shares in the last quarter. Covea Finance increased its holdings in Parker-Hannifin by 3.4% in the 2nd quarter. Covea Finance now owns 33,367 shares of the industrial products company’s stock valued at $23,306,000 after buying an additional 1,100 shares during the period. Finally, McGlone Suttner Wealth Management Inc. raised its position in shares of Parker-Hannifin by 6.7% in the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 1,575 shares of the industrial products company’s stock valued at $1,100,000 after buying an additional 99 shares in the last quarter. 82.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PH has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft cut shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price objective on the stock. in a research note on Thursday, September 4th. Barclays lifted their price target on Parker-Hannifin from $750.00 to $776.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Susquehanna began coverage on Parker-Hannifin in a research note on Friday, August 15th. They issued a “positive” rating and a $860.00 price objective on the stock. Morgan Stanley boosted their target price on Parker-Hannifin from $700.00 to $725.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 9th. Finally, Citigroup reissued a “buy” rating and issued a $831.00 target price (up previously from $709.00) on shares of Parker-Hannifin in a report on Monday, July 14th. Thirteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $770.94.

Parker-Hannifin Stock Down 1.5%

Shares of NYSE:PH opened at $748.83 on Thursday. The firm has a market cap of $94.76 billion, a P/E ratio of 27.61, a P/E/G ratio of 3.15 and a beta of 1.35. Parker-Hannifin Corporation has a 12-month low of $488.45 and a 12-month high of $779.77. The business has a fifty day simple moving average of $743.28 and a 200 day simple moving average of $674.35. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 0.55.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings results on Thursday, August 7th. The industrial products company reported $7.69 EPS for the quarter, beating 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 firm had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same quarter in the previous year, the company posted $6.77 EPS. 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 predict that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.0%. Parker-Hannifin’s payout ratio is 26.55%.

Insider Buying and Selling

In other news, VP Robert W. Malone sold 2,257 shares of the stock in a transaction on Friday, August 8th. The shares were sold at an average price of $730.66, for a total transaction of $1,649,099.62. Following the completion of the sale, the vice president directly owned 5,866 shares in the company, valued at $4,286,051.56. This represents a 27.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Matthew A. Jacobson sold 575 shares of the business’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $733.06, for a total transaction of $421,509.50. Following the completion of the transaction, the vice president owned 1,000 shares in the company, valued at approximately $733,060. The trade was a 36.51% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,039 shares of company stock worth $10,356,566. Corporate insiders own 0.39% of the company’s stock.

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.