Princeton Global Asset Management LLC Boosts Stock Holdings in Parker-Hannifin Corporation $PH

Princeton Global Asset Management LLC increased its position in Parker-Hannifin Corporation (NYSE:PH) by 56.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 64 shares of the industrial products company’s stock after acquiring an additional 23 shares during the period. Princeton Global Asset Management LLC’s holdings in Parker-Hannifin were worth $45,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PH. Cascade Financial Partners LLC increased its holdings in shares of Parker-Hannifin by 3.1% in the 1st quarter. Cascade Financial Partners LLC now owns 498 shares of the industrial products company’s stock worth $303,000 after purchasing an additional 15 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its holdings in Parker-Hannifin by 0.8% in the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,814 shares of the industrial products company’s stock worth $1,103,000 after buying an additional 15 shares in the last quarter. Bingham Private Wealth LLC increased its holdings in Parker-Hannifin by 3.3% in the 2nd quarter. Bingham Private Wealth LLC now owns 472 shares of the industrial products company’s stock worth $330,000 after buying an additional 15 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in Parker-Hannifin by 3.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 430 shares of the industrial products company’s stock valued at $300,000 after acquiring an additional 15 shares during the period. Finally, Empowered Funds LLC boosted its holdings in shares of Parker-Hannifin by 0.5% during the 1st quarter. Empowered Funds LLC now owns 2,894 shares of the industrial products company’s stock valued at $1,759,000 after acquiring an additional 15 shares during the last quarter. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Parker-Hannifin Price Performance

Shares of Parker-Hannifin stock opened at $740.55 on Tuesday. The stock has a market cap of $93.71 billion, a P/E ratio of 27.31, a P/E/G ratio of 3.03 and a beta of 1.35. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19. The stock’s fifty day moving average is $750.70 and its 200 day moving average is $692.04. Parker-Hannifin Corporation has a one year low of $488.45 and a one year high of $779.77.

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, topping 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 business had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter in the prior year, the business posted $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. Sell-side analysts anticipate that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were issued 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 1.0%. Parker-Hannifin’s payout ratio is currently 26.55%.

Insiders Place Their Bets

In related news, EVP Joseph R. Leonti sold 4,625 shares of the company’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $750.84, for a total value of $3,472,635.00. Following the completion of the transaction, the executive vice president owned 13,878 shares of the company’s stock, valued at approximately $10,420,157.52. This represents a 25.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Angela R. Ives sold 810 shares of the firm’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $727.36, for a total value of $589,161.60. Following the sale, the vice president directly owned 2,798 shares in the company, valued at approximately $2,035,153.28. This represents a 22.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders 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

A number of brokerages recently weighed in on PH. Morgan Stanley increased their price objective on shares of Parker-Hannifin from $700.00 to $725.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 9th. Stifel Nicolaus decreased their target price on shares of Parker-Hannifin from $726.00 to $723.00 and set a “hold” rating for the company in a research note on Monday. Deutsche Bank Aktiengesellschaft downgraded Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price target on the stock. in a research note on Thursday, September 4th. 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. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a research report on Wednesday, October 8th. Fourteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $789.67.

Parker-Hannifin Company 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.