Regents Gate Capital LLP Invests $12.15 Million in Parker-Hannifin Corporation $PH

Regents Gate Capital LLP bought a new stake in Parker-Hannifin Corporation (NYSE:PH) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 17,394 shares of the industrial products company’s stock, valued at approximately $12,149,000. Parker-Hannifin comprises approximately 4.3% of Regents Gate Capital LLP’s portfolio, making the stock its 5th largest holding.

A number of other large investors have also bought and sold shares of PH. Wealth Preservation Advisors LLC acquired a new position in Parker-Hannifin in the first quarter worth $27,000. Saudi Central Bank acquired a new stake in shares of Parker-Hannifin in the first quarter valued at $31,000. Interchange Capital Partners LLC bought a new position in shares of Parker-Hannifin in the second quarter valued at about $31,000. Olde Wealth Management LLC acquired a new position in Parker-Hannifin during the 1st quarter worth about $35,000. Finally, Chilton Capital Management LLC grew its holdings in Parker-Hannifin by 1,500.0% during 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. 82.44% of the stock is currently owned by institutional investors.

Insider Activity at Parker-Hannifin

In related news, VP Thomas C. Gentile sold 1,133 shares of the firm’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $729.50, for a total value of $826,523.50. Following the completion of the transaction, the vice president directly owned 5,465 shares of the company’s stock, valued at approximately $3,986,717.50. This trade represents a 17.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Angela R. Ives sold 810 shares of the business’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $727.36, for a total transaction of $589,161.60. Following the transaction, the vice president owned 2,798 shares in the company, valued at approximately $2,035,153.28. The trade was a 22.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 14,039 shares of company stock worth $10,356,566. Corporate insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on PH shares. Citigroup boosted their target price on shares of Parker-Hannifin from $831.00 to $874.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Raymond James Financial boosted their price objective on shares of Parker-Hannifin from $735.00 to $845.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Susquehanna initiated coverage on Parker-Hannifin in a research report on Friday, August 15th. They issued a “positive” rating and a $860.00 price objective on the stock. Stifel Nicolaus dropped their target price on Parker-Hannifin from $726.00 to $723.00 and set a “hold” rating for the company in a research report on Monday, October 20th. Finally, Morgan Stanley upped their price target on Parker-Hannifin from $700.00 to $725.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 9th. Thirteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Parker-Hannifin presently has a consensus rating of “Moderate Buy” and a consensus target price of $794.35.

Parker-Hannifin Stock Down 0.2%

Shares of Parker-Hannifin stock opened at $772.88 on Friday. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $792.53. 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 company has a market capitalization of $97.80 billion, a P/E ratio of 28.50, a price-to-earnings-growth ratio of 3.21 and a beta of 1.35. The business has a 50-day moving average of $754.74 and a two-hundred day moving average of $705.10.

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, topping 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 during the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter in the prior year, the firm earned $6.77 earnings per share. The firm’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 predict that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 7th will be paid a $1.80 dividend. This represents a $7.20 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, November 7th. Parker-Hannifin’s payout ratio is presently 26.55%.

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.