Parker-Hannifin Corporation $PH Shares Purchased by Tuttle Capital Management LLC

Tuttle Capital Management LLC increased its holdings in Parker-Hannifin Corporation (NYSE:PH) by 14.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 972 shares of the industrial products company’s stock after acquiring an additional 126 shares during the period. Parker-Hannifin comprises 2.8% of Tuttle Capital Management LLC’s investment portfolio, making the stock its 10th biggest holding. Tuttle Capital Management LLC’s holdings in Parker-Hannifin were worth $679,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Wealth Preservation Advisors LLC bought a new position in shares of Parker-Hannifin in the first quarter valued at approximately $27,000. Saudi Central Bank purchased a new stake in Parker-Hannifin in the 1st quarter valued at $31,000. Olde Wealth Management LLC bought a new position in Parker-Hannifin during the 1st quarter valued at $35,000. Chilton Capital Management LLC boosted its holdings 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 worth $39,000 after acquiring an additional 60 shares during the last quarter. Finally, Accent Capital Management LLC bought a new stake in shares of Parker-Hannifin in the 1st quarter worth $41,000. Institutional investors own 82.44% of the company’s stock.

Wall Street Analyst Weigh In

PH has been the topic of a number of recent analyst reports. KeyCorp raised their price target on shares of Parker-Hannifin from $810.00 to $825.00 and gave the company an “overweight” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft cut shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 target price on the stock. in a research report on Thursday, September 4th. Cowen reaffirmed a “hold” rating on shares of Parker-Hannifin in a report on Friday, August 29th. Wall Street Zen upgraded Parker-Hannifin from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. Finally, Raymond James Financial upped their price objective on Parker-Hannifin from $735.00 to $845.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Fourteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Parker-Hannifin presently has an average rating of “Moderate Buy” and an average target price of $787.61.

Insider Transactions at Parker-Hannifin

In related news, VP Angela R. Ives sold 810 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $727.36, for a total value of $589,161.60. Following the completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Thomas C. Gentile sold 1,133 shares of the business’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $729.50, for a total transaction of $826,523.50. Following the sale, the vice president directly owned 5,465 shares in the company, valued at $3,986,717.50. The trade was a 17.17% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,039 shares of company stock valued at $10,356,566. 0.32% of the stock is currently owned by insiders.

Parker-Hannifin Price Performance

Shares of NYSE PH opened at $736.75 on Wednesday. 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 $749.61 and a two-hundred day simple moving average of $687.14. 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 $93.23 billion, a price-to-earnings ratio of 27.17, a price-to-earnings-growth ratio of 3.02 and a beta of 1.35.

Parker-Hannifin (NYSE:PH) last issued 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 analysts’ expectations of $5.10 billion. During the same quarter in the prior year, the firm earned $6.77 EPS. The business’s revenue for the quarter 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. Analysts anticipate that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The firm also recently announced 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. This represents a $7.20 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Tuesday, September 2nd. Parker-Hannifin’s dividend payout ratio (DPR) is currently 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.