Boothbay Fund Management LLC Cuts Stake in Parker-Hannifin Corporation $PH

Boothbay Fund Management LLC lowered its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 22.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,018 shares of the industrial products company’s stock after selling 3,975 shares during the quarter. Boothbay Fund Management LLC’s holdings in Parker-Hannifin were worth $9,791,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in PH. Wealth Preservation Advisors LLC purchased a new stake in shares of Parker-Hannifin during the 1st quarter worth approximately $27,000. Saudi Central Bank purchased a new position in Parker-Hannifin in the first quarter valued at approximately $31,000. Interchange Capital Partners LLC bought a new position in Parker-Hannifin during the second quarter valued at $31,000. Princeton Global Asset Management LLC increased its position in Parker-Hannifin by 56.1% in the second quarter. Princeton Global Asset Management LLC now owns 64 shares of the industrial products company’s stock worth $45,000 after buying an additional 23 shares during the last quarter. Finally, Sagard Holdings Management Inc. bought a new stake in shares of Parker-Hannifin in the second quarter valued at $46,000. Institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Stock Performance

Parker-Hannifin stock opened at $884.58 on Friday. Parker-Hannifin Corporation has a 1-year low of $488.45 and a 1-year high of $908.35. The company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $111.63 billion, a PE ratio of 31.51, a price-to-earnings-growth ratio of 3.13 and a beta of 1.25. The firm’s 50 day simple moving average is $807.88 and its 200 day simple moving average is $750.56.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings results on Thursday, November 6th. The industrial products company reported $7.22 EPS for the quarter, beating analysts’ consensus estimates of $6.62 by $0.60. The firm had revenue of $5.08 billion during the quarter, compared to analyst estimates of $4.94 billion. Parker-Hannifin had a net margin of 18.17% and a return on equity of 27.23%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the business earned $6.20 EPS. Parker-Hannifin has set its FY 2026 guidance at 29.600-30.400 EPS and its FY 2026 guidance at 29.600-30.400 EPS. As a group, analysts expect that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 7th were paid a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, November 7th. Parker-Hannifin’s dividend payout ratio is currently 25.65%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on PH shares. KeyCorp increased their price target on Parker-Hannifin from $825.00 to $935.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Wall Street Zen lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Cowen reiterated a “hold” rating on shares of Parker-Hannifin in a research note on Friday, August 29th. Susquehanna reissued a “positive” rating and issued a $1,000.00 price target on shares of Parker-Hannifin in a research report on Wednesday, November 12th. Finally, Stifel Nicolaus cut their price objective on shares of Parker-Hannifin from $726.00 to $723.00 and set a “hold” rating for the company in a report on Monday, October 20th. Fourteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Parker-Hannifin presently has a consensus rating of “Moderate Buy” and an average target price of $889.50.

Insider Activity

In related news, VP Berend Bracht sold 3,507 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $864.58, for a total value of $3,032,082.06. Following the sale, the vice president directly owned 2,580 shares of the company’s stock, valued at $2,230,616.40. This trade represents a 57.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Rachid Bendali sold 1,437 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $852.99, for a total transaction of $1,225,746.63. Following the completion of the transaction, the vice president directly owned 2,714 shares of the company’s stock, valued at approximately $2,315,014.86. This represents a 34.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.32% 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.