Parker-Hannifin Corporation $PH Shares Purchased by Nicholson Wealth Management Group LLC

Nicholson Wealth Management Group LLC boosted its stake in Parker-Hannifin Corporation (NYSE:PH) by 5.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,337 shares of the industrial products company’s stock after purchasing an additional 116 shares during the period. Nicholson Wealth Management Group LLC’s holdings in Parker-Hannifin were worth $1,632,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Arista Wealth Management LLC acquired a new position in Parker-Hannifin in the 2nd quarter valued at about $269,000. Stratos Wealth Partners LTD. increased its position in Parker-Hannifin by 16.4% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 23,781 shares of the industrial products company’s stock valued at $16,610,000 after acquiring an additional 3,353 shares during the period. Master S Wealth Management Inc. increased its position in Parker-Hannifin by 50.1% in the 2nd quarter. Master S Wealth Management Inc. now owns 1,147 shares of the industrial products company’s stock valued at $801,000 after acquiring an additional 383 shares during the period. Nordea Investment Management AB increased its position in Parker-Hannifin by 4.9% in the 2nd quarter. Nordea Investment Management AB now owns 170,095 shares of the industrial products company’s stock valued at $118,879,000 after acquiring an additional 7,919 shares during the period. Finally, Evernest Financial Advisors LLC increased its position in Parker-Hannifin by 32.0% in the 2nd quarter. Evernest Financial Advisors LLC now owns 561 shares of the industrial products company’s stock valued at $392,000 after acquiring an additional 136 shares during the period. Institutional investors and hedge funds own 82.44% of the company’s stock.

Insider Buying and Selling at Parker-Hannifin

In related news, COO Andrew D. Ross sold 4,361 shares of the company’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $732.66, for a total value of $3,195,130.26. Following the sale, the chief operating officer owned 13,120 shares of the company’s stock, valued at approximately $9,612,499.20. This represents a 24.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Robert W. Malone sold 2,257 shares of the company’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $730.66, for a total value of $1,649,099.62. Following the completion of the sale, the vice president directly owned 5,866 shares in the company, valued at approximately $4,286,051.56. The trade was a 27.79% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,039 shares of company stock worth $10,356,566. Corporate insiders own 0.32% of the company’s stock.

Parker-Hannifin Price Performance

Shares of NYSE:PH opened at $734.26 on Friday. The business’s 50 day simple moving average is $750.51 and its 200-day simple moving average is $689.14. The firm has a market capitalization of $92.91 billion, a price-to-earnings ratio of 27.07, a price-to-earnings-growth ratio of 3.00 and a beta of 1.35. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71. Parker-Hannifin Corporation has a 12 month low of $488.45 and a 12 month high of $779.77.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings results on Thursday, August 7th. The industrial products company reported $7.69 EPS for the quarter, topping the consensus estimate of $7.08 by $0.61. The business had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.10 billion. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The company’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $6.77 EPS. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, equities analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $1.80 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.20 annualized dividend and a dividend yield of 1.0%. Parker-Hannifin’s payout ratio is 26.55%.

Wall Street Analyst Weigh In

Several research firms have issued reports on PH. Wells Fargo & Company boosted their target price on Parker-Hannifin from $800.00 to $840.00 and gave the stock an “overweight” rating in a research report on Monday, October 6th. Truist Financial boosted their target price on Parker-Hannifin from $822.00 to $910.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Stifel Nicolaus boosted their target price on Parker-Hannifin from $717.00 to $726.00 and gave the stock a “hold” rating in a research report on Friday, August 8th. Mizuho boosted their target price on Parker-Hannifin from $800.00 to $825.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Susquehanna began coverage on Parker-Hannifin in a research report on Friday, August 15th. They set a “positive” rating and a $860.00 target price on the stock. Fourteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $789.83.

About Parker-Hannifin

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to ensure purity and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors used in fluid and gas handling; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.