Parker-Hannifin Corporation $PH Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC decreased its holdings in Parker-Hannifin Corporation (NYSE:PH) by 27.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,769 shares of the industrial products company’s stock after selling 11,110 shares during the quarter. Calamos Advisors LLC’s holdings in Parker-Hannifin were worth $22,569,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of PH. Sax Wealth Advisors LLC raised its position in shares of Parker-Hannifin by 6.0% in the 3rd quarter. Sax Wealth Advisors LLC now owns 1,799 shares of the industrial products company’s stock valued at $1,364,000 after purchasing an additional 102 shares in the last quarter. Smith Salley Wealth Management increased its stake in shares of Parker-Hannifin by 186.6% in the third quarter. Smith Salley Wealth Management now owns 1,416 shares of the industrial products company’s stock worth $1,074,000 after buying an additional 922 shares during the last quarter. Great Diamond Partners LLC raised its holdings in Parker-Hannifin by 1.3% in the third quarter. Great Diamond Partners LLC now owns 3,983 shares of the industrial products company’s stock valued at $3,020,000 after acquiring an additional 50 shares in the last quarter. McGlone Suttner Wealth Management Inc. boosted its stake in Parker-Hannifin by 3.0% during the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 1,622 shares of the industrial products company’s stock valued at $1,229,000 after acquiring an additional 47 shares during the last quarter. Finally, Baron Wealth Management LLC grew its holdings in Parker-Hannifin by 4.2% during the 3rd quarter. Baron Wealth Management LLC now owns 1,599 shares of the industrial products company’s stock worth $1,212,000 after acquiring an additional 64 shares in the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PH. Argus reaffirmed a “buy” rating and set a $900.00 price target on shares of Parker-Hannifin in a research report on Monday, November 10th. Susquehanna reaffirmed a “positive” rating and set a $1,000.00 target price on shares of Parker-Hannifin in a report on Wednesday, November 12th. Robert W. Baird lifted their target price on Parker-Hannifin from $930.00 to $960.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a research report on Wednesday, October 8th. Finally, Barclays lifted their price objective on shares of Parker-Hannifin from $906.00 to $950.00 and gave the stock an “overweight” rating in a report on Thursday, December 4th. Fifteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $911.65.

Parker-Hannifin Stock Performance

PH stock opened at $888.70 on Wednesday. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $908.35. The stock has a market capitalization of $112.14 billion, a price-to-earnings ratio of 31.66, a PEG ratio of 3.10 and a beta of 1.25. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.61 and a current ratio of 1.07. The stock’s fifty day moving average is $841.79 and its two-hundred day moving average is $769.97.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings results on Thursday, November 6th. The industrial products company reported $7.22 EPS for the quarter, topping the consensus estimate of $6.62 by $0.60. The business had revenue of $5.08 billion during 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 company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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. On average, research analysts predict that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

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

Insider Buying and Selling

In other Parker-Hannifin news, VP Rachid Bendali sold 1,437 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $852.99, for a total transaction of $1,225,746.63. Following the completion of 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Berend Bracht sold 3,507 shares of the firm’s stock in a transaction 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 directly owned 2,580 shares in the company, valued at $2,230,616.40. This trade represents a 57.61% 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 valued at $6,484,116 in the last three months. 0.32% of the stock is currently owned by corporate insiders.

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.