Burney Co. Sells 1,255 Shares of Parker-Hannifin Corporation $PH

Burney Co. cut its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 2.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,975 shares of the industrial products company’s stock after selling 1,255 shares during the quarter. Parker-Hannifin comprises about 1.2% of Burney Co.’s holdings, making the stock its 13th largest position. Burney Co.’s holdings in Parker-Hannifin were worth $37,130,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Wealth Preservation Advisors LLC acquired a new stake in Parker-Hannifin during the 1st quarter worth about $27,000. Saudi Central Bank bought a new stake in shares of Parker-Hannifin during the 1st quarter valued at about $31,000. Interchange Capital Partners LLC acquired a new stake in Parker-Hannifin during the second quarter worth approximately $31,000. State of Wyoming bought a new stake in Parker-Hannifin in the second quarter worth approximately $38,000. Finally, Princeton Global Asset Management LLC increased its holdings in Parker-Hannifin by 56.1% in 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 in the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PH. Argus reaffirmed a “buy” rating and set a $900.00 price objective on shares of Parker-Hannifin in a research report on Monday, November 10th. Deutsche Bank Aktiengesellschaft lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 target price on the stock. in a research note on Thursday, September 4th. Cowen restated a “hold” rating on shares of Parker-Hannifin in a report on Friday, August 29th. Barclays upped their price objective on shares of Parker-Hannifin from $906.00 to $950.00 and gave the company an “overweight” rating in a report on Thursday, December 4th. Finally, Wall Street Zen downgraded Parker-Hannifin from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Fifteen 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, Parker-Hannifin currently has an average rating of “Moderate Buy” and an average target price of $911.65.

Parker-Hannifin Stock Up 0.1%

Shares of NYSE:PH opened at $888.69 on Friday. The business’s 50 day moving average is $836.17 and its 200 day moving average is $765.41. Parker-Hannifin Corporation has a 12-month low of $488.45 and a 12-month high of $908.35. The stock has a market cap of $112.14 billion, a price-to-earnings ratio of 31.66, a PEG ratio of 3.09 and a beta of 1.25. 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 issued its quarterly earnings data on Thursday, November 6th. The industrial products company reported $7.22 earnings per share for the quarter, beating the consensus estimate of $6.62 by $0.60. The business had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $4.94 billion. Parker-Hannifin had a return on equity of 27.23% and a net margin of 18.17%.The business’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the business earned $6.20 EPS. 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. On average, sell-side analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 7th were given a $1.80 dividend. 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 is presently 25.65%.

Insider Buying and Selling at Parker-Hannifin

In other Parker-Hannifin news, VP Rachid Bendali sold 1,437 shares of the 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 completion of the sale, the vice president owned 2,714 shares in the company, valued at approximately $2,315,014.86. This trade represents a 34.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Andrew D. Ross sold 2,488 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $894.81, for a total value of $2,226,287.28. Following the completion of the transaction, the chief operating officer owned 13,120 shares in the company, valued at $11,739,907.20. The trade was a 15.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 7,432 shares of company stock worth $6,484,116. Insiders own 0.32% of the company’s stock.

Parker-Hannifin Company 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.