Stablepoint Partners LLC Purchases 113 Shares of Parker-Hannifin Corporation $PH

Stablepoint Partners LLC boosted its position in Parker-Hannifin Corporation (NYSE:PH) by 3.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,348 shares of the industrial products company’s stock after buying an additional 113 shares during the quarter. Stablepoint Partners LLC’s holdings in Parker-Hannifin were worth $2,339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Parker-Hannifin by 0.9% during the second quarter. Vanguard Group Inc. now owns 11,125,240 shares of the industrial products company’s stock valued at $7,770,646,000 after purchasing an additional 101,476 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Parker-Hannifin by 52.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,443,104 shares of the industrial products company’s stock worth $1,485,042,000 after purchasing an additional 842,262 shares during the period. JPMorgan Chase & Co. boosted its position in Parker-Hannifin by 0.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,075,234 shares of the industrial products company’s stock valued at $1,449,496,000 after acquiring an additional 14,534 shares in the last quarter. Wellington Management Group LLP grew its stake in Parker-Hannifin by 11.6% during the 1st quarter. Wellington Management Group LLP now owns 2,009,250 shares of the industrial products company’s stock valued at $1,221,323,000 after purchasing an additional 208,573 shares during the last quarter. Finally, Norges Bank purchased a new stake in Parker-Hannifin during the second quarter worth $1,352,509,000. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Stock Down 0.0%

Shares of NYSE PH opened at $861.15 on Friday. The company has a market capitalization of $108.67 billion, a price-to-earnings ratio of 31.75, a price-to-earnings-growth ratio of 3.21 and a beta of 1.37. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $869.36. 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 business has a 50-day moving average of $783.98 and a two-hundred day moving average of $736.30.

Parker-Hannifin (NYSE:PH) last posted its earnings results on Thursday, November 6th. The industrial products company reported $7.22 EPS for the quarter, beating analysts’ consensus estimates of $6.62 by $0.60. The firm had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $4.94 billion. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The company’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the firm posted $6.20 EPS. Parker-Hannifin has set its FY 2026 guidance at 29.600-30.400 EPS. FY 2026 guidance at 29.600-30.400 EPS. On average, analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 7th will be given a dividend of $1.80 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $7.20 annualized dividend and a yield of 0.8%. Parker-Hannifin’s dividend payout ratio (DPR) is presently 25.65%.

Insider Transactions at Parker-Hannifin

In other Parker-Hannifin news, VP Berend Bracht sold 3,507 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $864.58, for a total value of $3,032,082.06. Following the sale, the vice president owned 2,580 shares in the company, valued at approximately $2,230,616.40. This trade represents a 57.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Rachid Bendali sold 1,437 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $852.99, for a total value of $1,225,746.63. Following the completion of the sale, the vice president owned 2,714 shares of the company’s stock, valued at $2,315,014.86. This trade represents a 34.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.32% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on PH. Wall Street Zen lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Friday. Truist Financial restated a “buy” rating and issued a $977.00 target price (up from $910.00) on shares of Parker-Hannifin in a report on Friday, November 7th. Deutsche Bank Aktiengesellschaft lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price objective for the company. in a report on Thursday, September 4th. Evercore ISI reissued an “outperform” rating on shares of Parker-Hannifin in a research note on Tuesday, August 19th. Finally, Argus reaffirmed a “buy” rating and issued a $900.00 target price on shares of Parker-Hannifin in a research report on Monday, November 10th. Fourteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Parker-Hannifin presently has a consensus rating of “Moderate Buy” and a consensus target price of $860.71.

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.