Farmers & Merchants Investments Inc. Cuts Stock Holdings in Parker-Hannifin Corporation $PH

Farmers & Merchants Investments Inc. reduced its stake in Parker-Hannifin Corporation (NYSE:PH) by 86.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 84 shares of the industrial products company’s stock after selling 522 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Parker-Hannifin were worth $59,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in Parker-Hannifin by 5.9% during the fourth quarter. Brighton Jones LLC now owns 1,808 shares of the industrial products company’s stock worth $1,150,000 after purchasing an additional 101 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its stake in shares of Parker-Hannifin by 0.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 7,259 shares of the industrial products company’s stock worth $4,617,000 after buying an additional 55 shares during the last quarter. Bison Wealth LLC grew its holdings in shares of Parker-Hannifin by 4.5% in the fourth quarter. Bison Wealth LLC now owns 749 shares of the industrial products company’s stock valued at $476,000 after acquiring an additional 32 shares in the last quarter. Voloridge Investment Management LLC purchased a new stake in shares of Parker-Hannifin during the fourth quarter valued at approximately $5,077,000. Finally, Armis Advisers LLC bought a new stake in Parker-Hannifin during the fourth quarter worth $238,000. 82.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PH has been the subject of several research analyst reports. Barclays raised their target price on Parker-Hannifin from $750.00 to $776.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. Susquehanna started coverage on shares of Parker-Hannifin in a report on Friday, August 15th. They set a “positive” rating and a $860.00 price objective for the company. Stifel Nicolaus lifted their price objective on shares of Parker-Hannifin from $717.00 to $726.00 and gave the stock a “hold” rating in a research report on Friday, August 8th. Raymond James Financial increased their target price on shares of Parker-Hannifin from $735.00 to $845.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Finally, Wells Fargo & Company raised their price target on shares of Parker-Hannifin from $770.00 to $800.00 and gave the stock an “overweight” rating in a research note on Friday, August 8th. Thirteen investment 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 has a consensus rating of “Moderate Buy” and an average price target of $770.94.

Insider Buying and Selling at Parker-Hannifin

In other news, VP Angela R. Ives sold 810 shares of the company’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $727.36, for a total transaction of $589,161.60. Following the sale, the vice president directly owned 2,798 shares in the company, valued at $2,035,153.28. This represents a 22.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Andrew D. Ross sold 4,361 shares of the firm’s 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 completion of the transaction, the chief operating officer owned 13,120 shares of the company’s stock, valued at $9,612,499.20. This trade represents a 24.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,039 shares of company stock worth $10,356,566. 0.39% of the stock is owned by corporate insiders.

Parker-Hannifin Stock Performance

Shares of PH stock opened at $760.51 on Wednesday. The stock has a market capitalization of $96.24 billion, a P/E ratio of 28.04, a PEG ratio of 3.15 and a beta of 1.35. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55. The firm’s 50 day moving average is $742.51 and its 200 day moving average is $673.83. Parker-Hannifin Corporation has a 12 month low of $488.45 and a 12 month high of $779.77.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 earnings per share for the quarter, beating analysts’ consensus estimates of $7.08 by $0.61. The business had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.10 billion. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. Parker-Hannifin’s revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned $6.77 EPS. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. On average, sell-side analysts anticipate that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were paid a $1.80 dividend. The ex-dividend date 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 currently 26.55%.

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.