Insider Selling: Parker-Hannifin (NYSE:PH) VP Sells $3,032,082.06 in Stock

Parker-Hannifin Corporation (NYSE:PH) VP Berend Bracht sold 3,507 shares of the business’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 transaction, the vice president directly owned 2,580 shares in the company, valued at $2,230,616.40. This trade represents a 57.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Parker-Hannifin Stock Performance

NYSE:PH opened at $830.42 on Monday. 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 firm’s fifty day simple moving average is $767.54 and its 200 day simple moving average is $723.05. The stock has a market cap of $104.79 billion, a P/E ratio of 30.62, a price-to-earnings-growth ratio of 3.21 and a beta of 1.37. Parker-Hannifin Corporation has a twelve month low of $488.45 and a twelve month high of $869.36.

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

Parker-Hannifin Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have recently commented on PH. Robert W. Baird boosted their target price on shares of Parker-Hannifin from $930.00 to $960.00 and gave the company an “outperform” rating in a report on Wednesday, November 12th. Barclays boosted their price objective on shares of Parker-Hannifin from $785.00 to $906.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Truist Financial reaffirmed a “buy” rating and set a $977.00 target price (up previously from $910.00) on shares of Parker-Hannifin in a research note on Friday, November 7th. Argus reissued a “buy” rating and issued a $900.00 price target on shares of Parker-Hannifin in a research report on Monday, November 10th. Finally, Stifel Nicolaus cut their price target on Parker-Hannifin from $726.00 to $723.00 and set a “hold” rating on the stock in a research note on Monday, October 20th. Fourteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Parker-Hannifin presently has a consensus rating of “Moderate Buy” and a consensus price target of $860.71.

Hedge Funds Weigh In On Parker-Hannifin

A number of hedge funds have recently added to or reduced their stakes in PH. Texas Capital Bancshares Inc TX bought a new position in Parker-Hannifin during the 3rd quarter valued at about $25,000. Wealth Preservation Advisors LLC purchased a new position in shares of Parker-Hannifin during the first quarter valued at approximately $27,000. Chilton Capital Management LLC purchased a new stake in Parker-Hannifin in the third quarter worth approximately $29,000. Saudi Central Bank purchased a new stake in Parker-Hannifin in the first quarter worth approximately $31,000. Finally, Interchange Capital Partners LLC bought a new stake in Parker-Hannifin in the 2nd quarter worth approximately $31,000. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

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.