Doliver Advisors LP Buys 254 Shares of Parker-Hannifin Corporation $PH

Doliver Advisors LP grew its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 11.8% in the second quarter, HoldingsChannel.com reports. The firm owned 2,413 shares of the industrial products company’s stock after buying an additional 254 shares during the quarter. Doliver Advisors LP’s holdings in Parker-Hannifin were worth $1,685,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Wealth Preservation Advisors LLC purchased a new stake in Parker-Hannifin during the 1st quarter valued at $27,000. Mpwm Advisory Solutions LLC purchased a new position in shares of Parker-Hannifin in the fourth quarter valued at about $32,000. Saudi Central Bank purchased a new position in shares of Parker-Hannifin in the first quarter valued at about $31,000. Olde Wealth Management LLC bought a new position in shares of Parker-Hannifin during the first quarter valued at about $35,000. Finally, Chilton Capital Management LLC boosted its holdings in shares of 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 purchasing an additional 60 shares during the period. 82.44% of the stock is owned by hedge funds and other institutional investors.

Parker-Hannifin Stock Down 1.2%

Shares of NYSE:PH opened at $760.08 on Friday. The firm has a market capitalization of $97.12 billion, a P/E ratio of 28.03, a P/E/G ratio of 3.19 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 has a 50 day moving average price of $736.22 and a 200-day moving average price of $668.36. Parker-Hannifin Corporation has a 52-week low of $488.45 and a 52-week high of $779.77.

Parker-Hannifin (NYSE:PH) last released its quarterly 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 company 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 firm’s revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $6.77 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, equities research analysts anticipate that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Cowen reissued a “hold” rating on shares of Parker-Hannifin in a research note on Friday, August 29th. Stifel Nicolaus increased their price objective on Parker-Hannifin from $717.00 to $726.00 and gave the stock a “hold” rating in a report on Friday, August 8th. KeyCorp boosted their target price on Parker-Hannifin from $790.00 to $810.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Mizuho set a $785.00 target price on Parker-Hannifin in a report on Friday, May 16th. Finally, Evercore ISI reaffirmed an “outperform” rating on shares of Parker-Hannifin in a research note on Tuesday, August 19th. Thirteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $770.94.

Insider Buying and Selling

In related news, VP Thomas C. Gentile sold 1,133 shares of Parker-Hannifin stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $729.50, for a total transaction 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 $3,986,717.50. This trade represents a 17.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Andrew D. Ross sold 4,361 shares of the business’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $732.66, for a total transaction of $3,195,130.26. Following the sale, the chief operating officer directly owned 13,120 shares in the company, valued at $9,612,499.20. The trade was a 24.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,039 shares of company stock worth $10,356,566 over the last 90 days. Corporate insiders own 0.39% of the company’s stock.

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.