Focus Partners Wealth Trims Stock Position in Parker-Hannifin Corporation $PH

Focus Partners Wealth decreased its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 3.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,727 shares of the industrial products company’s stock after selling 458 shares during the period. Focus Partners Wealth’s holdings in Parker-Hannifin were worth $8,344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of PH. Brighton Jones LLC boosted its holdings in Parker-Hannifin by 5.9% in the 4th quarter. Brighton Jones LLC now owns 1,808 shares of the industrial products company’s stock worth $1,150,000 after buying an additional 101 shares during the period. Bank Pictet & Cie Europe AG lifted its position in shares of Parker-Hannifin by 0.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 7,259 shares of the industrial products company’s stock valued at $4,617,000 after acquiring an additional 55 shares in the last quarter. Bison Wealth LLC boosted its stake 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 worth $476,000 after acquiring an additional 32 shares during the period. Group One Trading LLC bought a new stake in Parker-Hannifin during the 4th quarter valued at approximately $336,000. Finally, Quantinno Capital Management LP raised its stake in Parker-Hannifin by 18.7% during the 4th quarter. Quantinno Capital Management LP now owns 9,468 shares of the industrial products company’s stock valued at $6,022,000 after purchasing an additional 1,489 shares during the period. 82.44% of the stock is owned by institutional investors.

Insider Transactions at Parker-Hannifin

In other Parker-Hannifin news, EVP Joseph R. Leonti sold 4,625 shares of the business’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $750.84, for a total value of $3,472,635.00. Following the completion of the transaction, the executive vice president directly owned 13,878 shares in the company, valued at approximately $10,420,157.52. The trade was a 25.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Andrew D. Ross sold 4,361 shares of the firm’s stock in a transaction dated 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 sale, 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 disclosure for this sale can be found here. In the last quarter, insiders sold 14,039 shares of company stock worth $10,356,566. Company insiders own 0.39% of the company’s stock.

Parker-Hannifin Trading Down 1.2%

PH opened at $760.08 on Friday. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 0.55. The stock’s fifty day moving average is $736.22 and its two-hundred day moving average is $668.41. The company has a market capitalization of $97.12 billion, a P/E ratio of 28.03, a PEG ratio of 3.19 and a beta of 1.35. Parker-Hannifin Corporation has a 52 week low of $488.45 and a 52 week high of $779.77.

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

Parker-Hannifin Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Citigroup reaffirmed a “buy” rating and set a $831.00 target price (up from $709.00) on shares of Parker-Hannifin in a research note on Monday, July 14th. Deutsche Bank Aktiengesellschaft lowered Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price objective for the company. in a research report on Thursday, September 4th. Stifel Nicolaus boosted their target price on Parker-Hannifin from $717.00 to $726.00 and gave the stock a “hold” rating in a research report on Friday, August 8th. Barclays increased their price target on Parker-Hannifin from $750.00 to $776.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Finally, Wall Street Zen downgraded Parker-Hannifin from a “buy” rating to a “hold” rating in a research note on Sunday, September 7th. Thirteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Parker-Hannifin currently has a consensus rating of “Moderate Buy” and an average price target of $770.94.

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.