Cyndeo Wealth Partners LLC Has $4.94 Million Stake in Parker-Hannifin Corporation $PH

Cyndeo Wealth Partners LLC increased its stake in Parker-Hannifin Corporation (NYSE:PH) by 15.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,513 shares of the industrial products company’s stock after purchasing an additional 869 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Parker-Hannifin were worth $4,938,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC grew its stake in shares of Parker-Hannifin by 20.1% in the second quarter. Quadrant Capital Group LLC now owns 3,610 shares of the industrial products company’s stock valued at $2,521,000 after buying an additional 604 shares in the last quarter. Inspire Investing LLC lifted its stake in Parker-Hannifin by 5.1% in the first quarter. Inspire Investing LLC now owns 12,386 shares of the industrial products company’s stock valued at $7,529,000 after acquiring an additional 596 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Parker-Hannifin in the 2nd quarter valued at about $733,000. Geneos Wealth Management Inc. increased its stake in shares of Parker-Hannifin by 20.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,194 shares of the industrial products company’s stock worth $1,334,000 after purchasing an additional 379 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Parker-Hannifin by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 11,125,240 shares of the industrial products company’s stock valued at $7,770,646,000 after purchasing an additional 101,476 shares during the period. Institutional investors own 82.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PH. Citigroup lifted their price target on Parker-Hannifin from $960.00 to $1,006.00 and gave the stock a “buy” rating in a report on Monday, December 8th. BNP Paribas began coverage on Parker-Hannifin in a research report on Thursday, December 4th. They issued an “outperform” rating and a $1,020.00 price objective for the company. KeyCorp boosted their target price on Parker-Hannifin from $825.00 to $935.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Truist Financial increased their price target on Parker-Hannifin from $977.00 to $1,097.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Stifel Nicolaus lifted their price objective on shares of Parker-Hannifin from $850.00 to $869.00 and gave the stock a “hold” rating in a research report on Tuesday, December 16th. Fifteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $911.65.

Parker-Hannifin Stock Performance

NYSE:PH opened at $873.58 on Friday. The stock has a 50 day simple moving average of $820.62 and a 200 day simple moving average of $758.39. The stock has a market cap of $110.24 billion, a P/E ratio of 31.12, a PEG ratio of 3.04 and a beta of 1.25. Parker-Hannifin Corporation has a 1-year low of $488.45 and a 1-year high of $908.35. 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 (NYSE:PH) last issued its quarterly earnings data on Thursday, November 6th. The industrial products company reported $7.22 EPS for the quarter, beating analysts’ consensus estimates of $6.62 by $0.60. Parker-Hannifin had a return on equity of 27.23% and a net margin of 18.17%.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 prior year, the firm posted $6.20 EPS. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. 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. Research analysts anticipate that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 7th were given a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, November 7th. Parker-Hannifin’s dividend payout ratio (DPR) is currently 25.65%.

Insiders Place Their Bets

In other news, VP Rachid Bendali sold 1,437 shares of Parker-Hannifin stock in a transaction that occurred on 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 completion of the sale, the vice president directly 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Andrew D. Ross sold 2,488 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $894.81, for a total value of $2,226,287.28. Following the completion of the sale, the chief operating officer owned 13,120 shares of the company’s stock, valued at approximately $11,739,907.20. This trade represents a 15.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 7,432 shares of company stock worth $6,484,116 in the last quarter. 0.32% of the stock is currently owned by corporate insiders.

Parker-Hannifin Profile

Parker-Hannifin Corporation (NYSE: PH) is a global manufacturer and provider of motion and control technologies and systems. The company designs, manufactures and services a broad range of engineered components and systems used to control the movement and flow of liquids, gases and hydraulic power. Its product portfolio is applied across demanding environments and includes solutions for industrial manufacturing, aerospace, mobile equipment and other engineered applications.

Parker-Hannifin’s product and service offerings span hydraulic and pneumatic components, fittings and fluid connectors, valves, pumps and motors, electromechanical actuators and motion-control systems, filtration and separation products, and seals and sealing systems.