Parker-Hannifin Corporation $PH Shares Bought by Pinnacle Wealth Management Advisory Group LLC

Pinnacle Wealth Management Advisory Group LLC raised its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 4.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,315 shares of the industrial products company’s stock after buying an additional 60 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Parker-Hannifin were worth $918,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Inspire Investing LLC raised its holdings in Parker-Hannifin by 5.1% in the first quarter. Inspire Investing LLC now owns 12,386 shares of the industrial products company’s stock valued at $7,529,000 after acquiring an additional 596 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Parker-Hannifin by 20.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,194 shares of the industrial products company’s stock valued at $1,334,000 after purchasing an additional 379 shares during the last quarter. Banco Santander S.A. increased its position in shares of Parker-Hannifin by 70.2% in the 1st quarter. Banco Santander S.A. now owns 35,645 shares of the industrial products company’s stock valued at $21,667,000 after purchasing an additional 14,705 shares during the last quarter. Citizens Financial Group Inc. RI raised its holdings in shares of Parker-Hannifin by 10.6% in the 1st quarter. Citizens Financial Group Inc. RI now owns 32,935 shares of the industrial products company’s stock valued at $20,020,000 after purchasing an additional 3,147 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in shares of Parker-Hannifin during the 1st quarter worth $247,000. 82.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Mizuho boosted their target price on shares of Parker-Hannifin from $800.00 to $825.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Evercore ISI reaffirmed an “outperform” rating on shares of Parker-Hannifin in a report on Tuesday, August 19th. Stifel Nicolaus lowered their price objective 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. KeyCorp raised their target price on Parker-Hannifin from $825.00 to $935.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Parker-Hannifin in a research note on Wednesday, October 8th. Twelve investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Parker-Hannifin presently has an average rating of “Moderate Buy” and an average target price of $822.76.

Parker-Hannifin Stock Performance

Shares of PH stock opened at $843.89 on Monday. The stock’s 50-day moving average is $758.48 and its two-hundred day moving average is $714.41. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $851.86. The firm has a market cap of $106.79 billion, a price-to-earnings ratio of 31.12, a PEG ratio of 3.21 and a beta of 1.37.

Parker-Hannifin (NYSE:PH) last posted its earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share for the quarter, beating the consensus estimate of $6.62 by $0.60. The business had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $4.94 billion. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the business earned $6.20 EPS. Parker-Hannifin has set its FY 2026 guidance at 29.600-30.400 EPS. FY 2026 guidance at 29.600-30.400 EPS. Analysts predict that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 7th will be issued a $1.80 dividend. This represents a $7.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, November 7th. Parker-Hannifin’s dividend payout ratio is presently 25.65%.

Insider Activity

In other news, EVP Joseph R. Leonti sold 4,625 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $750.84, for a total transaction of $3,472,635.00. Following the transaction, the executive vice president directly owned 13,878 shares in the company, valued at approximately $10,420,157.52. This trade represents a 25.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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.