Clarius Group LLC Sells 174 Shares of Parker-Hannifin Corporation $PH

Clarius Group LLC reduced its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 16.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 867 shares of the industrial products company’s stock after selling 174 shares during the period. Clarius Group LLC’s holdings in Parker-Hannifin were worth $606,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Checchi Capital Advisers LLC grew its holdings in shares of Parker-Hannifin by 5.4% in the second quarter. Checchi Capital Advisers LLC now owns 1,456 shares of the industrial products company’s stock worth $1,017,000 after purchasing an additional 74 shares during the last quarter. AMF Tjanstepension AB grew its holdings in shares of Parker-Hannifin by 28.2% in the second quarter. AMF Tjanstepension AB now owns 533,895 shares of the industrial products company’s stock worth $372,991,000 after purchasing an additional 117,511 shares during the last quarter. Quent Capital LLC grew its holdings in shares of Parker-Hannifin by 1.9% in the second quarter. Quent Capital LLC now owns 973 shares of the industrial products company’s stock worth $680,000 after purchasing an additional 18 shares during the last quarter. QRG Capital Management Inc. grew its holdings in shares of Parker-Hannifin by 272.5% in the second quarter. QRG Capital Management Inc. now owns 38,622 shares of the industrial products company’s stock worth $26,976,000 after purchasing an additional 28,255 shares during the last quarter. Finally, Life Planning Partners Inc bought a new position in shares of Parker-Hannifin in the second quarter worth approximately $1,233,000. Institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Stock Performance

Shares of PH stock opened at $763.72 on Monday. The stock has a fifty day moving average of $747.47 and a 200 day moving average of $682.10. Parker-Hannifin Corporation has a 52 week low of $488.45 and a 52 week high of $779.77. The firm has a market capitalization of $96.64 billion, a price-to-earnings ratio of 28.16, a PEG ratio of 3.16 and a beta of 1.35. 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 announced its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 EPS for the quarter, beating the consensus estimate of $7.08 by $0.61. The business had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.10 billion. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the firm posted $6.77 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, research analysts expect that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were given a dividend of $1.80 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.20 annualized dividend and a yield of 0.9%. Parker-Hannifin’s dividend payout ratio (DPR) is currently 26.55%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Evercore ISI restated an “outperform” rating on shares of Parker-Hannifin in a report on Tuesday, August 19th. Weiss Ratings restated a “buy (b)” rating on shares of Parker-Hannifin in a report on Saturday, September 27th. Susquehanna assumed coverage on shares of Parker-Hannifin in a report on Friday, August 15th. They issued a “positive” rating and a $860.00 target price on the stock. Barclays raised their target price on shares of Parker-Hannifin from $776.00 to $785.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Stifel Nicolaus raised their price target on Parker-Hannifin from $717.00 to $726.00 and gave the stock a “hold” rating in a research note on Friday, August 8th. Fourteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Parker-Hannifin has a consensus rating of “Moderate Buy” and an average price target of $771.44.

Insider Buying and Selling at Parker-Hannifin

In other Parker-Hannifin news, VP Angela R. Ives sold 810 shares of the firm’s stock in a transaction 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 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Andrew D. Ross sold 4,361 shares of the firm’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $732.66, for a total value of $3,195,130.26. Following the transaction, the chief operating officer directly owned 13,120 shares of the company’s stock, valued at $9,612,499.20. This represents a 24.95% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,039 shares of company stock valued at $10,356,566. Company insiders own 0.32% 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.