Ferguson Wellman Capital Management Inc. Has $94.70 Million Stock Position in Parker-Hannifin Corporation $PH

Ferguson Wellman Capital Management Inc. cut its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 26.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 124,908 shares of the industrial products company’s stock after selling 43,920 shares during the period. Parker-Hannifin accounts for 1.5% of Ferguson Wellman Capital Management Inc.’s holdings, making the stock its 19th largest position. Ferguson Wellman Capital Management Inc. owned about 0.10% of Parker-Hannifin worth $94,699,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fidelis Capital Partners LLC lifted its holdings in Parker-Hannifin by 1.3% during the 2nd quarter. Fidelis Capital Partners LLC now owns 1,071 shares of the industrial products company’s stock worth $747,000 after purchasing an additional 14 shares during the last quarter. Bingham Private Wealth LLC lifted its holdings in shares of Parker-Hannifin by 3.3% during the second quarter. Bingham Private Wealth LLC now owns 472 shares of the industrial products company’s stock worth $330,000 after buying an additional 15 shares in the last quarter. Meadow Creek Wealth Advisors LLC boosted its position in shares of Parker-Hannifin by 3.6% in the second quarter. Meadow Creek Wealth Advisors LLC now owns 430 shares of the industrial products company’s stock valued at $300,000 after acquiring an additional 15 shares during the period. Valeo Financial Advisors LLC grew its stake in shares of Parker-Hannifin by 0.8% in the second quarter. Valeo Financial Advisors LLC now owns 1,833 shares of the industrial products company’s stock valued at $1,280,000 after acquiring an additional 15 shares in the last quarter. Finally, Sivia Capital Partners LLC increased its position in Parker-Hannifin by 3.6% during the second quarter. Sivia Capital Partners LLC now owns 430 shares of the industrial products company’s stock worth $300,000 after acquiring an additional 15 shares during the period. Institutional investors and hedge funds own 82.44% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on PH shares. BNP Paribas initiated coverage on shares of Parker-Hannifin in a report on Thursday, December 4th. They issued an “outperform” rating and a $1,020.00 price objective for the company. Barclays boosted their price target on Parker-Hannifin from $950.00 to $990.00 and gave the company an “overweight” rating in a research note on Wednesday. Susquehanna reissued a “positive” rating and set a $1,000.00 price target on shares of Parker-Hannifin in a research report on Wednesday, November 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Parker-Hannifin in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group upped their target price on Parker-Hannifin from $900.00 to $1,000.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. Sixteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $932.11.

Insider Activity

In other news, VP Berend Bracht sold 3,507 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $864.58, for a total transaction of $3,032,082.06. Following the sale, the vice president directly owned 2,580 shares in the company, valued at approximately $2,230,616.40. The trade was a 57.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Andrew D. Ross sold 2,488 shares of the firm’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 transaction of $2,226,287.28. Following the completion of the transaction, 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 position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 7,432 shares of company stock valued at $6,484,116. 0.32% of the stock is currently owned by corporate insiders.

Parker-Hannifin Price Performance

Shares of NYSE:PH opened at $906.72 on Friday. Parker-Hannifin Corporation has a one year low of $488.45 and a one year high of $933.33. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.07 and a quick ratio of 0.61. The company has a market cap of $114.42 billion, a price-to-earnings ratio of 32.30, a PEG ratio of 3.16 and a beta of 1.25. The firm has a 50 day simple moving average of $860.47 and a 200 day simple moving average of $780.34.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share (EPS) 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 company had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $4.94 billion. During the same period in the prior year, the business earned $6.20 earnings per share. The company’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. Research analysts predict that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

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

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.