Advisors Capital Management LLC Acquires 140 Shares of Parker-Hannifin Corporation $PH

Advisors Capital Management LLC lifted its stake in Parker-Hannifin Corporation (NYSE:PH) by 17.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 930 shares of the industrial products company’s stock after acquiring an additional 140 shares during the quarter. Advisors Capital Management LLC’s holdings in Parker-Hannifin were worth $650,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in PH. Fidelis Capital Partners LLC grew its position in shares of Parker-Hannifin by 1.3% in the 2nd quarter. Fidelis Capital Partners LLC now owns 1,071 shares of the industrial products company’s stock valued at $747,000 after acquiring an additional 14 shares during the period. Cascade Financial Partners LLC increased its stake in shares of Parker-Hannifin by 3.1% during the first quarter. Cascade Financial Partners LLC now owns 498 shares of the industrial products company’s stock worth $303,000 after purchasing an additional 15 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its stake in Parker-Hannifin by 0.8% in the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,814 shares of the industrial products company’s stock valued at $1,103,000 after purchasing an additional 15 shares during the period. Bingham Private Wealth LLC lifted its holdings in shares of Parker-Hannifin by 3.3% during the second quarter. Bingham Private Wealth LLC now owns 472 shares of the industrial products company’s stock worth $330,000 after buying an additional 15 shares in the last quarter. Finally, Meadow Creek Wealth Advisors LLC lifted its holdings in shares of Parker-Hannifin by 3.6% during the second quarter. Meadow Creek Wealth Advisors LLC now owns 430 shares of the industrial products company’s stock worth $300,000 after buying an additional 15 shares in the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Wall Street Analyst Weigh In

PH has been the topic of several recent research reports. Susquehanna reaffirmed a “positive” rating and set a $1,000.00 target price on shares of Parker-Hannifin in a report on Wednesday. Cowen reissued a “hold” rating on shares of Parker-Hannifin in a research note on Friday, August 29th. Weiss Ratings restated a “buy (b)” rating on shares of Parker-Hannifin in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a research note on Saturday, September 20th. Finally, Mizuho upped their price target on shares of Parker-Hannifin from $800.00 to $825.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Fourteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $860.71.

Parker-Hannifin Stock Down 1.4%

Parker-Hannifin stock opened at $830.42 on Friday. The firm has a 50 day moving average price of $767.54 and a two-hundred day moving average price of $722.21. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19. Parker-Hannifin Corporation has a 52-week low of $488.45 and a 52-week high of $869.36. The firm has a market cap of $104.79 billion, a price-to-earnings ratio of 30.62, a PEG ratio of 3.21 and a beta of 1.37.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data on Thursday, November 6th. The industrial products company reported $7.22 earnings per share for the quarter, topping the consensus estimate of $6.62 by $0.60. The company had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $4.94 billion. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. Parker-Hannifin’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company posted $6.20 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 29.600-30.400 EPS. FY 2026 guidance at 29.600-30.400 EPS. Equities analysts predict that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 7th will be issued a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, November 7th. Parker-Hannifin’s dividend payout ratio is presently 25.65%.

Insider Transactions at Parker-Hannifin

In other news, VP Rachid Bendali sold 1,437 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $852.99, for a total transaction of $1,225,746.63. Following the completion of the sale, the vice president owned 2,714 shares of the company’s stock, valued at $2,315,014.86. This trade represents a 34.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Berend Bracht sold 3,507 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $864.58, for a total transaction of $3,032,082.06. Following the transaction, the vice president owned 2,580 shares in the company, valued at $2,230,616.40. The trade was a 57.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 9,569 shares of company stock valued at $7,730,464 in the last quarter. 0.32% of the stock is currently owned by company insiders.

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.