Greenup Street Wealth Management LLC Decreases Stock Holdings in Parker-Hannifin Corporation $PH

Greenup Street Wealth Management LLC trimmed its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 3.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 791 shares of the industrial products company’s stock after selling 32 shares during the quarter. Greenup Street Wealth Management LLC’s holdings in Parker-Hannifin were worth $552,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of PH. Wealth Preservation Advisors LLC bought a new position in shares of Parker-Hannifin in the first quarter worth $27,000. Saudi Central Bank bought a new stake in Parker-Hannifin during the first quarter valued at $31,000. Interchange Capital Partners LLC purchased a new stake in Parker-Hannifin during the second quarter valued at about $31,000. Olde Wealth Management LLC purchased a new stake in Parker-Hannifin during the first quarter valued at about $35,000. Finally, Chilton Capital Management LLC increased its holdings in shares of Parker-Hannifin by 1,500.0% in the first quarter. Chilton Capital Management LLC now owns 64 shares of the industrial products company’s stock worth $39,000 after buying an additional 60 shares during the period. 82.44% of the stock is owned by hedge funds and other institutional investors.

Parker-Hannifin Stock Performance

Parker-Hannifin stock opened at $740.55 on Tuesday. The company has a market capitalization of $93.71 billion, a PE ratio of 27.31, a P/E/G ratio of 3.03 and a beta of 1.35. The company has a 50 day moving average price of $750.70 and a 200-day moving average price of $692.04. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19. 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 issued its quarterly earnings data 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. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The company had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same period last year, the company posted $6.77 earnings per share. 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. As a group, equities analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were given 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 currently 26.55%.

Insiders Place Their Bets

In related news, VP Angela R. Ives sold 810 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $727.36, for a total transaction of $589,161.60. Following the completion of the sale, the vice president owned 2,798 shares of the company’s stock, valued at approximately $2,035,153.28. This represents a 22.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert W. Malone sold 2,257 shares of the company’s stock in a transaction dated 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 sale, the vice president directly owned 5,866 shares of the company’s stock, valued at approximately $4,286,051.56. This represents a 27.79% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,039 shares of company stock valued at $10,356,566. Insiders own 0.32% of the company’s stock.

Analysts Set New Price Targets

PH has been the topic of a number of research analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Parker-Hannifin in a report on Wednesday, October 8th. Stifel Nicolaus dropped their price target on Parker-Hannifin from $726.00 to $723.00 and set a “hold” rating on the stock in a research report on Monday. KeyCorp upped their price objective on Parker-Hannifin from $810.00 to $825.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Susquehanna initiated coverage on Parker-Hannifin in a report on Friday, August 15th. They set a “positive” rating and a $860.00 price target on the stock. Finally, Truist Financial raised their target price on Parker-Hannifin from $822.00 to $910.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Fourteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $789.67.

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.