Alteri Wealth LLC Has $1.10 Million Stock Position in Parker-Hannifin Corporation $PH

Alteri Wealth LLC lessened its stake in Parker-Hannifin Corporation (NYSE:PH) by 14.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,570 shares of the industrial products company’s stock after selling 275 shares during the quarter. Alteri Wealth LLC’s holdings in Parker-Hannifin were worth $1,097,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of PH. Wealth Preservation Advisors LLC acquired a new position in shares of Parker-Hannifin in the 1st quarter valued at approximately $27,000. Interchange Capital Partners LLC acquired a new position in Parker-Hannifin during the second quarter valued at approximately $31,000. Saudi Central Bank bought a new stake in Parker-Hannifin during the first quarter worth $31,000. Princeton Global Asset Management LLC lifted its stake in Parker-Hannifin by 56.1% during the second quarter. Princeton Global Asset Management LLC now owns 64 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 23 shares during the last quarter. Finally, Accent Capital Management LLC acquired a new stake in shares of Parker-Hannifin in the 1st quarter valued at $41,000. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Joseph R. Leonti sold 4,625 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $750.84, for a total value of $3,472,635.00. Following the completion of the sale, the executive vice president owned 13,878 shares of the company’s stock, valued at approximately $10,420,157.52. This represents a 25.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Berend Bracht sold 3,507 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $864.58, for a total value of $3,032,082.06. Following the transaction, the vice president 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 SEC filing for this sale provides additional information. Insiders sold a total of 9,569 shares of company stock valued at $7,730,464 in the last three months. Insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on PH shares. Wells Fargo & Company boosted their price target on Parker-Hannifin from $840.00 to $925.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Citigroup lifted their target price on Parker-Hannifin from $831.00 to $874.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Susquehanna reissued a “positive” rating and issued a $1,000.00 target price on shares of Parker-Hannifin in a report on Wednesday, November 12th. 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, Argus reaffirmed a “buy” rating and set a $900.00 price target on shares of Parker-Hannifin in a report on Monday, November 10th. Fourteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $860.71.

Parker-Hannifin Stock Down 0.5%

Shares of NYSE PH opened at $816.88 on Wednesday. The company has a 50 day simple moving average of $770.01 and a 200 day simple moving average of $725.92. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $869.36. The firm has a market cap of $103.08 billion, a PE ratio of 30.12, a price-to-earnings-growth ratio of 3.21 and a beta of 1.37.

Parker-Hannifin (NYSE:PH) last posted its earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share for the quarter, topping 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 period 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. On average, research analysts forecast that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Announces Dividend

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

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.