Fulton Breakefield Broenniman LLC Reduces Stake in Parker-Hannifin Corporation $PH

Fulton Breakefield Broenniman LLC lowered its position in Parker-Hannifin Corporation (NYSE:PH) by 33.0% in the 2nd quarter, Holdings Channel reports. The firm owned 402 shares of the industrial products company’s stock after selling 198 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in Parker-Hannifin were worth $281,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Wealth Preservation Advisors LLC bought a new stake in Parker-Hannifin in the first quarter worth about $27,000. Saudi Central Bank bought a new stake in Parker-Hannifin in the first quarter worth about $31,000. Olde Wealth Management LLC bought a new stake in Parker-Hannifin in the first quarter worth about $35,000. Chilton Capital Management LLC lifted its stake in Parker-Hannifin by 1,500.0% in 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 last quarter. Finally, Accent Capital Management LLC bought a new stake in shares of Parker-Hannifin during the first quarter valued at approximately $41,000. Institutional investors own 82.44% of the company’s stock.

Insider Activity

In related news, VP Thomas C. Gentile sold 1,133 shares of the company’s 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 owned 5,465 shares in the company, valued at $3,986,717.50. This represents a 17.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joseph R. Leonti sold 4,625 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $750.84, for a total transaction of $3,472,635.00. Following the transaction, the executive vice president owned 13,878 shares of the company’s stock, valued at approximately $10,420,157.52. This trade represents a 25.00% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,039 shares of company stock worth $10,356,566. Company insiders own 0.32% of the company’s stock.

Parker-Hannifin Price Performance

Shares of PH opened at $753.71 on Thursday. The firm has a market capitalization of $95.37 billion, a PE ratio of 27.79, a price-to-earnings-growth ratio of 3.11 and a beta of 1.35. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71. Parker-Hannifin Corporation has a 1-year low of $488.45 and a 1-year high of $779.77. The company’s fifty day moving average price is $748.74 and its 200-day moving average price is $684.04.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings results 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. 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 for the quarter, compared to analyst estimates of $5.10 billion. During the same period in the prior year, the company earned $6.77 earnings per share. The firm’s revenue was up 1.1% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. On average, equities research analysts predict that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were given a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Tuesday, September 2nd. Parker-Hannifin’s dividend payout ratio is 26.55%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Susquehanna assumed coverage on shares of Parker-Hannifin in a research note on Friday, August 15th. They set a “positive” rating and a $860.00 price target for the company. Barclays lifted their price target on shares of Parker-Hannifin from $776.00 to $785.00 and gave the company an “overweight” rating in a research note on Wednesday, October 1st. Wells Fargo & Company lifted their price target on shares of Parker-Hannifin from $800.00 to $840.00 and gave the company an “overweight” rating in a research note on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Parker-Hannifin in a research note on Wednesday. Finally, Morgan Stanley upped their target price on Parker-Hannifin from $700.00 to $725.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 9th. Fourteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Parker-Hannifin presently has an average rating of “Moderate Buy” and an average price target of $784.39.

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.