Compass Wealth Management LLC Acquires 2,208 Shares of Parker-Hannifin Corporation $PH

Compass Wealth Management LLC raised its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 736.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,508 shares of the industrial products company’s stock after buying an additional 2,208 shares during the quarter. Compass Wealth Management LLC’s holdings in Parker-Hannifin were worth $1,901,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Interchange Capital Partners LLC bought a new stake in Parker-Hannifin in the 2nd quarter worth approximately $31,000. State of Wyoming purchased a new position in shares of Parker-Hannifin in the second quarter valued at $38,000. Princeton Global Asset Management LLC increased its position 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 during the last quarter. Sagard Holdings Management Inc. purchased a new stake in Parker-Hannifin during the second quarter valued at $46,000. Finally, Financial Consulate Inc. bought a new position in Parker-Hannifin during the third quarter valued at $47,000. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on PH shares. Morgan Stanley restated a “positive” rating on shares of Parker-Hannifin in a research report on Wednesday, January 14th. Stifel Nicolaus upped their price objective on Parker-Hannifin from $869.00 to $941.00 and gave the company a “hold” rating in a research report on Friday. The Goldman Sachs Group lifted their target price on Parker-Hannifin from $900.00 to $1,000.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Susquehanna reissued a “positive” rating and set a $1,000.00 target price on shares of Parker-Hannifin in a research report on Wednesday, November 12th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Parker-Hannifin in a research report on Thursday. Seventeen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $950.17.

Parker-Hannifin Stock Up 0.6%

Shares of Parker-Hannifin stock opened at $933.46 on Tuesday. 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 stock has a market cap of $117.79 billion, a price-to-earnings ratio of 33.25, a PEG ratio of 3.23 and a beta of 1.25. The firm’s 50-day moving average is $888.79 and its two-hundred day moving average is $801.43. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $954.30.

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 analysts’ consensus estimates of $6.62 by $0.60. The company had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $4.94 billion. Parker-Hannifin had a return on equity of 27.23% and a net margin of 18.17%.The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the company 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. As a group, research analysts expect that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Friday, February 6th will be issued a dividend of $1.80 per share. The ex-dividend date of this dividend is Friday, February 6th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.8%. Parker-Hannifin’s payout ratio is 25.65%.

Insider Activity 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 shares were sold at an average price of $864.58, for a total transaction 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 $2,230,616.40. This trade represents a 57.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Andrew D. Ross sold 2,488 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were 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 directly 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. Insiders have sold a total of 7,432 shares of company stock worth $6,484,116 over the last quarter. 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.