Daymark Wealth Partners LLC Purchases 347 Shares of Parker-Hannifin Corporation $PH

Daymark Wealth Partners LLC grew its position in Parker-Hannifin Corporation (NYSE:PH) by 1.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,547 shares of the industrial products company’s stock after purchasing an additional 347 shares during the period. Daymark Wealth Partners LLC’s holdings in Parker-Hannifin were worth $17,145,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Wealth Preservation Advisors LLC acquired a new position in Parker-Hannifin during the first quarter worth approximately $27,000. Interchange Capital Partners LLC acquired a new position in shares of Parker-Hannifin in the second quarter valued at approximately $31,000. Saudi Central Bank acquired a new stake in Parker-Hannifin during the first quarter worth approximately $31,000. Olde Wealth Management LLC acquired a new stake in Parker-Hannifin during the first quarter worth approximately $35,000. Finally, Chilton Capital Management LLC grew its position 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 in the last quarter. 82.44% of the stock is currently owned by institutional investors.

Parker-Hannifin Stock Down 0.9%

PH opened at $767.40 on Wednesday. Parker-Hannifin Corporation has a one year low of $488.45 and a one year high of $780.00. 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 firm has a market capitalization of $97.11 billion, a P/E ratio of 28.30, a price-to-earnings-growth ratio of 3.20 and a beta of 1.35. The company has a fifty day moving average price of $752.86 and a 200-day moving average price of $700.78.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.08 by $0.61. The company had revenue of $5.24 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the firm posted $6.77 EPS. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Equities research analysts expect that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on PH shares. Citigroup upped their target price on Parker-Hannifin from $831.00 to $874.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. KeyCorp increased their price objective on Parker-Hannifin from $810.00 to $825.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. Cowen restated a “hold” rating on shares of Parker-Hannifin in a research note on Friday, August 29th. Evercore ISI restated an “outperform” rating on shares of Parker-Hannifin in a research note on Tuesday, August 19th. Finally, Morgan Stanley raised their price target on shares of Parker-Hannifin from $700.00 to $725.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 9th. Fourteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $789.67.

Insiders Place Their Bets

In related news, COO Andrew D. Ross sold 4,361 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $732.66, for a total transaction of $3,195,130.26. Following the transaction, the chief operating officer owned 13,120 shares in the company, valued at $9,612,499.20. This represents a 24.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Angela R. Ives sold 810 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were 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. This trade represents a 22.45% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 14,039 shares of company stock valued at $10,356,566. Insiders own 0.32% of the company’s stock.

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.