B. Riley Wealth Advisors Inc. Makes New Investment in Parker-Hannifin Corporation $PH

B. Riley Wealth Advisors Inc. purchased a new stake in Parker-Hannifin Corporation (NYSE:PH) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,304 shares of the industrial products company’s stock, valued at approximately $911,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC increased its stake in shares of Parker-Hannifin by 5.9% during the 4th quarter. Brighton Jones LLC now owns 1,808 shares of the industrial products company’s stock worth $1,150,000 after purchasing an additional 101 shares during the last quarter. Bison Wealth LLC boosted its holdings in shares of Parker-Hannifin by 4.5% during 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. EverSource Wealth Advisors LLC grew its position in shares of Parker-Hannifin by 30.3% in the first quarter. EverSource Wealth Advisors LLC now owns 891 shares of the industrial products company’s stock valued at $542,000 after purchasing an additional 207 shares during the last quarter. Cresset Asset Management LLC increased its stake in shares of Parker-Hannifin by 334.1% during the first quarter. Cresset Asset Management LLC now owns 11,850 shares of the industrial products company’s stock worth $7,203,000 after purchasing an additional 9,120 shares during the period. Finally, Cascade Financial Partners LLC lifted its holdings in Parker-Hannifin by 3.1% during the 1st 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 last quarter. 82.44% of the stock is owned by institutional investors and hedge funds.

Parker-Hannifin Stock Performance

NYSE PH opened at $883.70 on Tuesday. The company has a market cap of $111.51 billion, a P/E ratio of 31.48, a PEG ratio of 3.08 and a beta of 1.25. The company has a fifty day simple moving average of $810.26 and a 200 day simple moving average of $753.25. The company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 0.54. Parker-Hannifin Corporation has a 12-month low of $488.45 and a 12-month high of $908.35.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings results 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. Parker-Hannifin had a net margin of 18.17% and a return on equity of 27.23%. The business had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $4.94 billion. During the same period in the previous year, the company earned $6.20 earnings per share. The firm’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 and its FY 2026 guidance at 29.600-30.400 EPS. Sell-side analysts predict that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft cut shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 target price on the stock. in a report on Thursday, September 4th. Wall Street Zen cut Parker-Hannifin from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. KeyCorp upped their price objective on shares of Parker-Hannifin from $825.00 to $935.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Robert W. Baird raised 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. Finally, Barclays boosted their target price on shares of Parker-Hannifin from $906.00 to $950.00 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Fourteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $889.50.

Insider Activity

In other Parker-Hannifin news, VP Rachid Bendali sold 1,437 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $852.99, for a total value of $1,225,746.63. Following the transaction, the vice president owned 2,714 shares in the company, valued at approximately $2,315,014.86. The trade was a 34.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Berend Bracht sold 3,507 shares of the company’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 owned 2,580 shares of the company’s stock, valued at approximately $2,230,616.40. This represents a 57.61% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 7,432 shares of company stock worth $6,484,116. 0.32% of the stock is currently owned by corporate 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.