180 Wealth Advisors LLC Grows Stake in Parker-Hannifin Corporation $PH

180 Wealth Advisors LLC grew its holdings in Parker-Hannifin Corporation (NYSE:PH) by 12.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 700 shares of the industrial products company’s stock after acquiring an additional 80 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Parker-Hannifin were worth $489,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Smith Group Asset Management LLC increased its holdings in shares of Parker-Hannifin by 1.7% in the 2nd quarter. Smith Group Asset Management LLC now owns 67,491 shares of the industrial products company’s stock valued at $47,140,000 after acquiring an additional 1,135 shares during the last quarter. FSM Wealth Advisors LLC increased its holdings in shares of Parker-Hannifin by 4.1% in the 2nd quarter. FSM Wealth Advisors LLC now owns 678 shares of the industrial products company’s stock valued at $479,000 after acquiring an additional 27 shares during the last quarter. KPP Advisory Services LLC increased its holdings in shares of Parker-Hannifin by 7.9% in the 2nd quarter. KPP Advisory Services LLC now owns 2,861 shares of the industrial products company’s stock valued at $1,998,000 after acquiring an additional 210 shares during the last quarter. Cornerstone Advisory LLC purchased a new position in shares of Parker-Hannifin in the 2nd quarter valued at about $213,000. Finally, Strategic Blueprint LLC increased its holdings in shares of Parker-Hannifin by 4.0% in the 2nd quarter. Strategic Blueprint LLC now owns 1,333 shares of the industrial products company’s stock valued at $931,000 after acquiring an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Stock Up 0.9%

Parker-Hannifin stock opened at $772.86 on Friday. Parker-Hannifin Corporation has a twelve month low of $488.45 and a twelve month high of $779.77. The stock has a 50 day moving average of $751.64 and a two-hundred day moving average of $697.37. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $97.80 billion, a price-to-earnings ratio of 28.50, a PEG ratio of 3.19 and a beta of 1.35.

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

Parker-Hannifin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 7th will be given a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, November 7th. Parker-Hannifin’s dividend payout ratio (DPR) is presently 26.55%.

Analyst Ratings Changes

A number of research firms have recently commented on PH. KeyCorp increased their price objective on Parker-Hannifin from $810.00 to $825.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. Morgan Stanley upped their target price on Parker-Hannifin from $700.00 to $725.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a research report on Saturday. Barclays upped their target price on Parker-Hannifin from $776.00 to $785.00 and gave the company an “overweight” rating in a research report on Wednesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft cut Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 target price for the company. in a research report on Thursday, September 4th. Fourteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $789.67.

Insiders Place Their Bets

In other news, VP Angela R. Ives sold 810 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $727.36, for a total value of $589,161.60. Following the completion of the sale, the vice president directly owned 2,798 shares of the company’s stock, valued at $2,035,153.28. This trade represents a 22.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Andrew D. Ross sold 4,361 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $732.66, for a total value of $3,195,130.26. Following the completion of the sale, the chief operating officer directly owned 13,120 shares of the company’s stock, valued at $9,612,499.20. This represents a 24.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,039 shares of company stock worth $10,356,566. Corporate insiders own 0.32% of the company’s stock.

Parker-Hannifin Profile

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.