Valley National Advisers Inc. Raises Stock Position in Parker-Hannifin Corporation $PH

Valley National Advisers Inc. grew its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 12,890.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,598 shares of the industrial products company’s stock after acquiring an additional 2,578 shares during the period. Valley National Advisers Inc.’s holdings in Parker-Hannifin were worth $1,969,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of PH. Interchange Capital Partners LLC purchased a new position in Parker-Hannifin during the 2nd quarter worth $31,000. Saudi Central Bank bought a new position in shares of Parker-Hannifin during the 1st quarter worth $31,000. State of Wyoming bought a new position in shares of Parker-Hannifin during the 2nd quarter worth $38,000. Princeton Global Asset Management LLC increased its stake in shares of Parker-Hannifin by 56.1% during the second quarter. Princeton Global Asset Management LLC now owns 64 shares of the industrial products company’s stock valued at $45,000 after buying an additional 23 shares during the period. Finally, Sagard Holdings Management Inc. bought a new stake in shares of Parker-Hannifin in the second quarter valued at about $46,000. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. The Goldman Sachs Group increased their target price on shares of Parker-Hannifin from $900.00 to $1,000.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Wells Fargo & Company upped their price target on shares of Parker-Hannifin from $840.00 to $925.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. BNP Paribas initiated coverage on shares of Parker-Hannifin in a research note on Thursday, December 4th. They set an “outperform” rating and a $1,020.00 price objective on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price objective on the stock. in a report on Thursday, September 4th. Finally, Susquehanna restated a “positive” rating and set a $1,000.00 target price on shares of Parker-Hannifin in a report on Wednesday, November 12th. Fifteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $911.65.

Insider Activity at Parker-Hannifin

In other Parker-Hannifin news, VP Rachid Bendali sold 1,437 shares of the stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $852.99, for a total value of $1,225,746.63. Following the completion of the sale, the vice president directly owned 2,714 shares in the company, valued at approximately $2,315,014.86. This trade represents a 34.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Berend Bracht sold 3,507 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $864.58, for a total value of $3,032,082.06. Following the sale, the vice president owned 2,580 shares in the company, valued at $2,230,616.40. The trade was a 57.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 7,432 shares of company stock valued at $6,484,116 in the last ninety days. Corporate insiders own 0.32% of the company’s stock.

Parker-Hannifin Trading Up 0.1%

NYSE PH opened at $888.69 on Friday. Parker-Hannifin Corporation has a 52 week low of $488.45 and a 52 week high of $908.35. The company has a 50 day moving average price of $836.17 and a 200 day moving average price of $766.07. The company has a quick ratio of 0.61, a current ratio of 1.07 and a debt-to-equity ratio of 0.54. The firm has a market cap of $112.14 billion, a PE ratio of 31.66, a price-to-earnings-growth ratio of 3.09 and a beta of 1.25.

Parker-Hannifin (NYSE:PH) last announced 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 company had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $4.94 billion. Parker-Hannifin had a net margin of 18.17% and a return on equity of 27.23%. Parker-Hannifin’s revenue was up 3.7% compared to the same quarter last year. During the same period last year, the firm 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, sell-side analysts forecast that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 7th were given a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, November 7th. Parker-Hannifin’s dividend payout ratio is currently 25.65%.

Parker-Hannifin 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.