VestGen Investment Management Trims Stock Holdings in Parker-Hannifin Corporation $PH

VestGen Investment Management reduced its stake in Parker-Hannifin Corporation (NYSE:PH) by 9.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 326 shares of the industrial products company’s stock after selling 35 shares during the period. VestGen Investment Management’s holdings in Parker-Hannifin were worth $228,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of PH. Brighton Jones LLC raised its holdings in Parker-Hannifin by 5.9% in the 4th quarter. Brighton Jones LLC now owns 1,808 shares of the industrial products company’s stock valued at $1,150,000 after buying an additional 101 shares during the period. Bison Wealth LLC raised its holdings in Parker-Hannifin by 4.5% in the 4th quarter. Bison Wealth LLC now owns 749 shares of the industrial products company’s stock valued at $476,000 after buying an additional 32 shares during the period. GAMMA Investing LLC grew its position in Parker-Hannifin by 8.9% in the 1st quarter. GAMMA Investing LLC now owns 2,855 shares of the industrial products company’s stock valued at $1,735,000 after acquiring an additional 234 shares in the last quarter. Diversified Trust Co grew its position in Parker-Hannifin by 2.1% in the 1st quarter. Diversified Trust Co now owns 1,038 shares of the industrial products company’s stock valued at $631,000 after acquiring an additional 21 shares in the last quarter. Finally, Transcend Capital Advisors LLC grew its position in Parker-Hannifin by 7.7% in the 1st quarter. Transcend Capital Advisors LLC now owns 900 shares of the industrial products company’s stock valued at $547,000 after acquiring an additional 64 shares in the last quarter. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Evercore ISI reaffirmed an “outperform” rating on shares of Parker-Hannifin in a research report on Tuesday, August 19th. Wells Fargo & Company lifted their target price on Parker-Hannifin from $800.00 to $840.00 and gave the company an “overweight” rating in a research report on Monday, October 6th. Stifel Nicolaus dropped their target price on Parker-Hannifin from $726.00 to $723.00 and set a “hold” rating for the company in a research report on Monday, October 20th. Barclays boosted their price objective on Parker-Hannifin from $776.00 to $785.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 1st. Finally, Wall Street Zen raised Parker-Hannifin from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. Fourteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $789.67.

Parker-Hannifin Price Performance

Shares of NYSE PH opened at $772.86 on Monday. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55. 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 $698.08. The stock has a market cap of $97.80 billion, a P/E ratio of 28.50, a P/E/G ratio of 3.19 and a beta of 1.35.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 earnings per share for the quarter, beating 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 quarter in the previous year, the business earned $6.77 earnings per share. 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. On average, research analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Announces Dividend

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

Insider Buying and Selling

In other Parker-Hannifin news, COO Andrew D. Ross sold 4,361 shares of the business’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 completion of the sale, the chief operating officer owned 13,120 shares in the company, valued at approximately $9,612,499.20. The trade was a 24.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Angela R. Ives sold 810 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The shares were 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 owned 2,798 shares of the company’s stock, valued at approximately $2,035,153.28. This represents a 22.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,039 shares of company stock valued at $10,356,566 in the last 90 days. Company 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.