Cwm LLC Increases Stake in Parker-Hannifin Corporation $PH

Cwm LLC grew its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 2.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,924 shares of the industrial products company’s stock after buying an additional 134 shares during the quarter. Cwm LLC’s holdings in Parker-Hannifin were worth $3,439,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of PH. Wealth Preservation Advisors LLC purchased a new position in Parker-Hannifin during the 1st quarter worth $27,000. Saudi Central Bank purchased a new position in shares of Parker-Hannifin in the 1st quarter valued at about $31,000. Olde Wealth Management LLC purchased a new position in shares of Parker-Hannifin in the 1st quarter valued at about $35,000. Chilton Capital Management LLC increased its holdings in shares of Parker-Hannifin by 1,500.0% in 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 in the last quarter. Finally, Accent Capital Management LLC purchased a new position in Parker-Hannifin during the 1st quarter valued at about $41,000. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Trading Up 1.1%

PH opened at $734.26 on Friday. The stock has a market capitalization of $92.91 billion, a PE ratio of 27.07, a P/E/G ratio of 3.00 and a beta of 1.35. The firm’s fifty day moving average price is $750.51 and its 200 day moving average price is $689.14. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71. Parker-Hannifin Corporation has a 12-month low of $488.45 and a 12-month high of $779.77.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.08 by $0.61. The firm had revenue of $5.24 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the company 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 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

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

Insider Transactions at Parker-Hannifin

In other Parker-Hannifin news, VP Robert W. Malone sold 2,257 shares of the business’s 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 owned 5,866 shares in the company, valued at $4,286,051.56. The trade was a 27.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Angela R. Ives sold 810 shares of the business’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $727.36, for a total transaction of $589,161.60. Following the sale, the vice president owned 2,798 shares of the company’s stock, valued at approximately $2,035,153.28. The trade was a 22.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,039 shares of company stock valued at $10,356,566 over the last ninety days. 0.32% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on PH shares. Morgan Stanley raised their target price on shares of Parker-Hannifin from $700.00 to $725.00 and gave the company an “equal weight” rating in a report on Wednesday, July 9th. Mizuho raised their target price on shares of Parker-Hannifin from $800.00 to $825.00 and gave the stock an “outperform” rating in a research report on Friday. 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 target price on the stock. Stifel Nicolaus lifted their price target on shares of Parker-Hannifin from $717.00 to $726.00 and gave the company a “hold” rating in a research report on Friday, August 8th. Finally, Citigroup lifted their price target on shares of Parker-Hannifin from $831.00 to $874.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Fourteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $789.83.

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.