Lyell Wealth Management LP Takes $206,000 Position in Parker-Hannifin Corporation $PH

Lyell Wealth Management LP acquired a new stake in Parker-Hannifin Corporation (NYSE:PH) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 295 shares of the industrial products company’s stock, valued at approximately $206,000.

Other large investors have also added to or reduced their stakes in the company. Alley Investment Management Company LLC bought a new position in Parker-Hannifin in the 1st quarter valued at approximately $7,996,000. Community Financial Services Group LLC increased its stake in shares of Parker-Hannifin by 1,338.2% in the 1st quarter. Community Financial Services Group LLC now owns 6,630 shares of the industrial products company’s stock valued at $4,030,000 after acquiring an additional 6,169 shares in the last quarter. Inspire Investing LLC increased its stake in Parker-Hannifin by 5.1% during the 1st quarter. Inspire Investing LLC now owns 12,386 shares of the industrial products company’s stock valued at $7,529,000 after purchasing an additional 596 shares in the last quarter. Heartland Bank & Trust Co bought a new stake in Parker-Hannifin during the 1st quarter valued at $260,000. Finally, Geneos Wealth Management Inc. increased its stake in Parker-Hannifin by 20.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,194 shares of the industrial products company’s stock valued at $1,334,000 after purchasing an additional 379 shares in the last quarter. Institutional investors own 82.44% of the company’s stock.

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 dated Friday, August 8th. The shares were sold at an average price of $730.66, for a total value of $1,649,099.62. Following the transaction, the vice president owned 5,866 shares in the company, valued at approximately $4,286,051.56. The trade was a 27.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $589,161.60. Following the completion of the sale, the vice president directly owned 2,798 shares of the company’s stock, valued at $2,035,153.28. The trade was a 22.45% 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.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Truist Financial lifted their price objective on shares of Parker-Hannifin from $822.00 to $910.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Susquehanna began coverage on shares of Parker-Hannifin in a report on Friday, August 15th. They issued a “positive” rating and a $860.00 price target on the stock. Barclays boosted their price objective on Parker-Hannifin from $776.00 to $785.00 and gave the company an “overweight” rating in a research note on Wednesday, October 1st. Evercore ISI restated an “outperform” rating on shares of Parker-Hannifin in a research note on Tuesday, August 19th. Finally, KeyCorp upped their price target on Parker-Hannifin from $810.00 to $825.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Fourteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Parker-Hannifin presently has an average rating of “Moderate Buy” and a consensus price target of $789.67.

Parker-Hannifin Stock Up 0.9%

Shares of NYSE PH opened at $740.55 on Tuesday. Parker-Hannifin Corporation has a one year low of $488.45 and a one year high of $779.77. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71. The firm’s 50 day simple moving average is $750.70 and its two-hundred day simple moving average is $692.04. The stock has a market capitalization of $93.71 billion, a P/E ratio of 27.31, a PEG ratio of 3.03 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 net margin of 17.79% and a return on equity of 26.80%. The business had revenue of $5.24 billion for the quarter, compared to analysts’ expectations of $5.10 billion. During the same period last year, the business earned $6.77 earnings per share. The business’s quarterly revenue was up 1.1% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal 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 $1.80 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.0%. Parker-Hannifin’s payout ratio is presently 26.55%.

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.