Ethic Inc. Raises Stake in Parker-Hannifin Corporation $PH

Ethic Inc. increased its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 2.6% during the second quarter, HoldingsChannel.com reports. The firm owned 12,453 shares of the industrial products company’s stock after buying an additional 317 shares during the period. Ethic Inc.’s holdings in Parker-Hannifin were worth $8,724,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Wealth Preservation Advisors LLC purchased a new stake in Parker-Hannifin during the 1st quarter worth about $27,000. Interchange Capital Partners LLC purchased a new stake in Parker-Hannifin during the 2nd quarter worth about $31,000. Saudi Central Bank purchased a new stake in Parker-Hannifin during the 1st quarter worth about $31,000. Olde Wealth Management LLC bought a new position in Parker-Hannifin in the 1st quarter worth about $35,000. Finally, Chilton Capital Management LLC increased its stake in 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 worth $39,000 after acquiring an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Insiders Place Their Bets

In related news, VP Angela R. Ives sold 810 shares of the company’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 completion of the sale, the vice president directly owned 2,798 shares in the company, valued at $2,035,153.28. This represents a 22.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Andrew D. Ross sold 4,361 shares of the company’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $732.66, for a total transaction of $3,195,130.26. Following the sale, the chief operating officer owned 13,120 shares of the company’s stock, valued at $9,612,499.20. This represents a 24.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,039 shares of company stock worth $10,356,566. 0.32% of the stock is currently owned by corporate insiders.

Parker-Hannifin Price Performance

Shares of Parker-Hannifin stock opened at $740.43 on Thursday. 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 firm has a market capitalization of $93.69 billion, a PE ratio of 27.30, a price-to-earnings-growth ratio of 3.13 and a beta of 1.35. The business’s 50-day moving average price is $750.38 and its 200-day moving average price is $692.83. Parker-Hannifin Corporation has a 12 month low of $488.45 and a 12 month high of $779.77.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 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 analyst estimates of $5.10 billion. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The company’s revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the company earned $6.77 EPS. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Sell-side analysts forecast 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 will be paid on Friday, December 5th. Investors of record on Friday, November 7th will be given a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, November 7th. Parker-Hannifin’s dividend payout ratio (DPR) is presently 26.55%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft lowered Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 target price on the stock. in a research note on Thursday, September 4th. Stifel Nicolaus decreased their target price on Parker-Hannifin from $726.00 to $723.00 and set a “hold” rating on the stock in a research note on Monday. Weiss Ratings restated a “buy (b)” rating on shares of Parker-Hannifin in a research note on Wednesday, October 8th. Wells Fargo & Company upped their target price on Parker-Hannifin from $800.00 to $840.00 and gave the stock an “overweight” rating in a research note on Monday, October 6th. Finally, Barclays upped their target price on Parker-Hannifin from $776.00 to $785.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 1st. Fourteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Parker-Hannifin currently has a consensus rating of “Moderate Buy” and an average price target of $789.67.

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.