Bingham Private Wealth LLC Increases Stock Holdings in Parker-Hannifin Corporation $PH

Bingham Private Wealth LLC lifted its position in Parker-Hannifin Corporation (NYSE:PH) by 3.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 472 shares of the industrial products company’s stock after purchasing an additional 15 shares during the quarter. Bingham Private Wealth LLC’s holdings in Parker-Hannifin were worth $330,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Wealth Preservation Advisors LLC purchased a new position in Parker-Hannifin during the first quarter worth about $27,000. Saudi Central Bank purchased a new position in Parker-Hannifin during the first quarter worth about $31,000. Olde Wealth Management LLC purchased a new position in Parker-Hannifin during the first quarter worth about $35,000. Chilton Capital Management LLC boosted its stake in Parker-Hannifin by 1,500.0% during the first quarter. Chilton Capital Management LLC now owns 64 shares of the industrial products company’s stock worth $39,000 after buying an additional 60 shares during the period. Finally, Accent Capital Management LLC purchased a new position in Parker-Hannifin during the first quarter worth about $41,000. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Stock Up 0.2%

Shares of PH opened at $764.56 on Tuesday. The company’s 50-day simple moving average is $747.98 and its 200-day simple moving average is $683.09. The stock has a market capitalization of $96.75 billion, a PE ratio of 28.19, a P/E/G ratio of 3.16 and a beta of 1.35. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $779.77. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19.

Parker-Hannifin (NYSE:PH) last issued its earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share 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 analysts’ expectations of $5.10 billion. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the company earned $6.77 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were issued a $1.80 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.20 annualized dividend and a yield of 0.9%. Parker-Hannifin’s dividend payout ratio (DPR) is 26.55%.

Insider Transactions at Parker-Hannifin

In related news, VP Matthew A. Jacobson sold 575 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $733.06, for a total value of $421,509.50. Following the sale, the vice president owned 1,000 shares of the company’s stock, valued at $733,060. This trade represents a 36.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert W. Malone sold 2,257 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $730.66, for a total transaction of $1,649,099.62. Following the completion of the sale, the vice president directly owned 5,866 shares in the company, valued at approximately $4,286,051.56. This trade represents a 27.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,039 shares of company stock valued at $10,356,566 over the last quarter. Insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Wall Street Zen raised shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a research note on Saturday, September 20th. Stifel Nicolaus increased their target price on shares of Parker-Hannifin from $717.00 to $726.00 and gave the stock a “hold” rating in a research note on Friday, August 8th. Wells Fargo & Company increased their price target on shares of Parker-Hannifin from $800.00 to $840.00 and gave the stock an “overweight” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft cut shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price target on the stock. in a research report on Thursday, September 4th. Finally, Citigroup reissued a “buy” rating and set a $831.00 price target (up previously from $709.00) on shares of Parker-Hannifin in a research report on Monday, July 14th. Fourteen equities research 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 has an average rating of “Moderate Buy” and a consensus price target of $773.67.

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.