Geneos Wealth Management Inc. Sells 1,637 Shares of Parker-Hannifin Corporation $PH

Geneos Wealth Management Inc. trimmed its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 72.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 636 shares of the industrial products company’s stock after selling 1,637 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Parker-Hannifin were worth $482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Interchange Capital Partners LLC bought a new stake in Parker-Hannifin in the 2nd quarter worth about $31,000. State of Wyoming bought a new position in shares of Parker-Hannifin during the 2nd quarter worth approximately $38,000. Princeton Global Asset Management LLC boosted its stake in shares of Parker-Hannifin by 56.1% in the 2nd quarter. Princeton Global Asset Management LLC now owns 64 shares of the industrial products company’s stock worth $45,000 after buying an additional 23 shares during the last quarter. Sagard Holdings Management Inc. purchased a new position in shares of Parker-Hannifin in the 2nd quarter worth approximately $46,000. Finally, Financial Consulate Inc. bought a new position in shares of Parker-Hannifin in the third quarter valued at approximately $47,000. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Trading Up 1.7%

Shares of Parker-Hannifin stock opened at $922.18 on Friday. The stock has a market capitalization of $116.37 billion, a P/E ratio of 32.85, a P/E/G ratio of 3.20 and a beta of 1.25. Parker-Hannifin Corporation has a 52-week low of $488.45 and a 52-week high of $933.33. 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 50-day simple moving average is $863.45 and its 200 day simple moving average is $782.88.

Parker-Hannifin (NYSE:PH) last posted its earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share 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 firm had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $4.94 billion. During the same quarter last year, the company earned $6.20 earnings per share. The company’s revenue 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. As a group, research analysts anticipate that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

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

Insiders Place Their Bets

In related news, COO Andrew D. Ross sold 2,488 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $894.81, for a total transaction of $2,226,287.28. Following the sale, the chief operating officer directly owned 13,120 shares in the company, valued at approximately $11,739,907.20. The trade was a 15.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Berend Bracht sold 3,507 shares of the firm’s stock in a transaction dated 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 transaction, 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 SEC filing for this sale provides additional information. Insiders have sold a total of 7,432 shares of company stock worth $6,484,116 over the last 90 days. Corporate insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PH. Mizuho lifted their price target on Parker-Hannifin from $800.00 to $825.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Susquehanna reiterated a “positive” rating and set a $1,000.00 target price on shares of Parker-Hannifin in a research note on Wednesday, November 12th. Wall Street Zen downgraded shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Sunday. Stifel Nicolaus raised their price objective on shares of Parker-Hannifin from $850.00 to $869.00 and gave the stock a “hold” rating in a report on Tuesday, December 16th. Finally, Citigroup lifted their price objective on shares of Parker-Hannifin from $960.00 to $1,006.00 and gave the stock a “buy” rating in a research report on Monday, December 8th. Sixteen 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 an average rating of “Moderate Buy” and an average price target of $932.11.

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.