Evergreen Private Wealth LLC Boosts Stock Position in Parker-Hannifin Corporation $PH

Evergreen Private Wealth LLC boosted its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 2.1% during the 2nd quarter, Holdings Channel reports. The firm owned 5,444 shares of the industrial products company’s stock after buying an additional 111 shares during the period. Parker-Hannifin comprises about 1.6% of Evergreen Private Wealth LLC’s portfolio, making the stock its 27th biggest holding. Evergreen Private Wealth LLC’s holdings in Parker-Hannifin were worth $3,802,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealth Preservation Advisors LLC bought a new stake in Parker-Hannifin during the 1st quarter valued at approximately $27,000. Saudi Central Bank bought a new stake in Parker-Hannifin during the 1st quarter valued at approximately $31,000. Olde Wealth Management LLC bought a new stake in Parker-Hannifin during the 1st quarter valued at approximately $35,000. Chilton Capital Management LLC raised its stake in Parker-Hannifin by 1,500.0% during the 1st quarter. Chilton Capital Management LLC now owns 64 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 60 shares during the period. Finally, Accent Capital Management LLC purchased a new stake in shares of Parker-Hannifin during the 1st quarter worth approximately $41,000. Institutional investors own 82.44% of the company’s stock.

Insider Activity at Parker-Hannifin

In related news, VP Robert W. Malone sold 2,257 shares of the business’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $730.66, for a total transaction of $1,649,099.62. Following the completion of the transaction, the vice president owned 5,866 shares in the company, valued at $4,286,051.56. The trade was a 27.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Joseph R. Leonti sold 4,625 shares of the business’s 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 of the company’s stock, valued at approximately $10,420,157.52. The trade was a 25.00% 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 over the last quarter. 0.39% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on PH shares. Wells Fargo & Company upped their price objective on Parker-Hannifin from $770.00 to $800.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. Raymond James Financial upped their price objective on Parker-Hannifin from $735.00 to $845.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Barclays upped their price objective on Parker-Hannifin from $750.00 to $776.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. Morgan Stanley upped their price objective on Parker-Hannifin from $700.00 to $725.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 9th. Finally, Evercore ISI reissued an “outperform” rating on shares of Parker-Hannifin in a research report on Tuesday, August 19th. Thirteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $770.94.

Parker-Hannifin Stock Performance

NYSE PH opened at $745.81 on Friday. The company has a market cap of $94.37 billion, a P/E ratio of 27.50, a P/E/G ratio of 3.10 and a beta of 1.35. 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 business’s 50 day moving average price is $743.73 and its 200-day moving average price is $675.30. Parker-Hannifin Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $779.77.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data 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. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The company had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter in the previous year, the business earned $6.77 EPS. Parker-Hannifin’s 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 predict that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were issued a dividend of $1.80 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $7.20 dividend on an annualized basis and a yield of 1.0%. Parker-Hannifin’s payout ratio is presently 26.55%.

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.