Anchor Capital Advisors LLC Sells 550 Shares of Parker-Hannifin Corporation $PH

Anchor Capital Advisors LLC lessened its holdings in Parker-Hannifin Corporation (NYSE:PH) by 3.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,020 shares of the industrial products company’s stock after selling 550 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Parker-Hannifin were worth $11,387,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Avidian Wealth Enterprises LLC increased its holdings in shares of Parker-Hannifin by 24.1% in the third quarter. Avidian Wealth Enterprises LLC now owns 437 shares of the industrial products company’s stock worth $332,000 after buying an additional 85 shares during the period. Rakuten Investment Management Inc. purchased a new stake in Parker-Hannifin during the 3rd quarter valued at about $17,336,000. Universal Beteiligungs und Servicegesellschaft mbH grew its position in Parker-Hannifin by 3.4% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 88,165 shares of the industrial products company’s stock worth $66,842,000 after acquiring an additional 2,914 shares during the last quarter. Grey Fox Wealth Advisors LLC purchased a new position in Parker-Hannifin in the 3rd quarter worth approximately $55,000. Finally, McAdam LLC bought a new stake in Parker-Hannifin in the third quarter valued at approximately $215,000. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Parker-Hannifin

In related news, VP Berend Bracht sold 3,507 shares of the firm’s stock in a transaction 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 transaction, the vice president directly owned 2,580 shares of the company’s stock, valued at approximately $2,230,616.40. This trade represents a 57.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Rachid Bendali sold 1,437 shares of Parker-Hannifin stock in a transaction on 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 transaction, the vice president owned 2,714 shares in the company, valued at $2,315,014.86. This trade represents a 34.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 7,432 shares of company stock worth $6,484,116 in the last 90 days. 0.32% of the stock is currently owned by insiders.

Parker-Hannifin Trading Down 1.6%

Parker-Hannifin stock opened at $928.81 on Wednesday. Parker-Hannifin Corporation has a 52-week low of $488.45 and a 52-week high of $950.00. The company has a market cap of $117.21 billion, a P/E ratio of 33.09, a P/E/G ratio of 3.28 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. The business has a 50-day simple moving average of $880.87 and a two-hundred day simple moving average of $795.03.

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, topping the consensus estimate of $6.62 by $0.60. The firm had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $4.94 billion. Parker-Hannifin had a net margin of 18.17% and a return on equity of 27.23%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior 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. Analysts predict that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Wall Street Analysts Forecast Growth

PH has been the subject of several research analyst reports. Wells Fargo & Company raised their target price on shares of Parker-Hannifin from $925.00 to $1,000.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. The Goldman Sachs Group boosted their price objective 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. Susquehanna reaffirmed a “positive” rating and issued a $1,000.00 price objective on shares of Parker-Hannifin in a research 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 report on Wednesday, November 12th. Finally, Citigroup restated a “buy” rating on shares of Parker-Hannifin in a research note on Monday, January 12th. Seventeen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Parker-Hannifin currently has an average rating of “Moderate Buy” and an average target price of $946.17.

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.