Farther Finance Advisors LLC Has $2.37 Million Stake in Parker-Hannifin Corporation $PH

Farther Finance Advisors LLC lifted its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 96.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,127 shares of the industrial products company’s stock after buying an additional 1,532 shares during the quarter. Farther Finance Advisors LLC’s holdings in Parker-Hannifin were worth $2,371,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of PH. Vanguard Group Inc. raised its position in shares of Parker-Hannifin by 0.9% during 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 acquiring an additional 101,476 shares during the last quarter. Invesco Ltd. grew its stake in shares of Parker-Hannifin by 1.8% during the second quarter. Invesco Ltd. now owns 2,345,922 shares of the industrial products company’s stock worth $1,638,556,000 after purchasing an additional 41,221 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Parker-Hannifin by 4.4% during the second quarter. Ameriprise Financial Inc. now owns 2,194,687 shares of the industrial products company’s stock worth $1,533,177,000 after purchasing an additional 92,913 shares during the period. JPMorgan Chase & Co. increased its holdings in Parker-Hannifin by 0.7% in the second quarter. JPMorgan Chase & Co. now owns 2,075,234 shares of the industrial products company’s stock valued at $1,449,496,000 after purchasing an additional 14,534 shares during the last quarter. Finally, Norges Bank acquired a new position in Parker-Hannifin in the second quarter valued at about $1,352,509,000. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Berend Bracht sold 3,507 shares of the stock in a transaction that occurred on 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 completion of the sale, 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Rachid Bendali sold 1,437 shares of the stock in a transaction 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 approximately $2,315,014.86. This represents a 34.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 7,432 shares of company stock valued at $6,484,116 in the last 90 days. 0.32% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently commented on PH shares. Deutsche Bank Aktiengesellschaft cut Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price target for the company. in a research note on Thursday, September 4th. The Goldman Sachs Group increased their target price on shares of Parker-Hannifin from $900.00 to $1,000.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Cowen reissued a “hold” rating on shares of Parker-Hannifin in a research report on Friday, August 29th. Robert W. Baird upped their price objective on shares of Parker-Hannifin from $930.00 to $960.00 and gave the company an “outperform” rating in a research report on Wednesday, November 12th. Finally, KeyCorp lifted 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. Fifteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $911.65.

Parker-Hannifin Trading Up 0.1%

NYSE:PH opened at $887.76 on Friday. The company has a market cap of $112.03 billion, a P/E ratio of 31.63, a price-to-earnings-growth ratio of 3.09 and a beta of 1.25. Parker-Hannifin Corporation has a twelve month low of $488.45 and a twelve month high of $908.35. The business has a 50 day moving average price of $833.08 and a two-hundred day moving average price of $763.89. The company has a quick ratio of 0.61, a current ratio of 1.07 and a debt-to-equity ratio of 0.54.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings data on Thursday, November 6th. The industrial products company reported $7.22 EPS for the quarter, topping analysts’ consensus estimates of $6.62 by $0.60. The business had revenue of $5.08 billion for the quarter, compared to analyst estimates of $4.94 billion. Parker-Hannifin had a net margin of 18.17% and a return on equity of 27.23%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.20 earnings per share. 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. As a group, analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

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

About Parker-Hannifin

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.