Empowered Funds LLC Has $13.33 Million Stock Position in Parker-Hannifin Corporation $PH

Empowered Funds LLC increased its holdings in Parker-Hannifin Corporation (NYSE:PH) by 559.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,079 shares of the industrial products company’s stock after purchasing an additional 16,185 shares during the period. Empowered Funds LLC’s holdings in Parker-Hannifin were worth $13,326,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Parker-Hannifin by 0.9% in the second quarter. Vanguard Group Inc. now owns 11,125,240 shares of the industrial products company’s stock worth $7,770,646,000 after buying an additional 101,476 shares during the last quarter. Pinnacle Wealth Planning Services Inc. lifted its holdings in Parker-Hannifin by 13.0% in the 2nd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,842 shares of the industrial products company’s stock worth $1,287,000 after purchasing an additional 212 shares during the last quarter. Nordwand Advisors LLC bought a new stake in Parker-Hannifin during the second quarter worth approximately $1,795,000. Dorsey & Whitney Trust CO LLC raised its position in shares of Parker-Hannifin by 3.3% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 1,136 shares of the industrial products company’s stock valued at $794,000 after purchasing an additional 36 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its stake in shares of Parker-Hannifin by 20.5% in the second quarter. Nomura Asset Management Co. Ltd. now owns 47,819 shares of the industrial products company’s stock worth $33,400,000 after buying an additional 8,132 shares during the last quarter. 82.44% of the stock is currently owned by institutional investors.

Insider Activity

In related news, VP Berend Bracht sold 3,507 shares of the stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $864.58, for a total value of $3,032,082.06. Following the completion of the transaction, the vice president owned 2,580 shares of the company’s stock, valued at $2,230,616.40. This represents a 57.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Joseph R. Leonti sold 4,625 shares of the firm’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $750.84, for a total transaction of $3,472,635.00. Following the transaction, the executive vice president owned 13,878 shares of the company’s stock, valued at approximately $10,420,157.52. This represents a 25.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 9,569 shares of company stock worth $7,730,464. 0.32% of the stock is currently owned by corporate insiders.

Parker-Hannifin Trading Down 0.5%

Parker-Hannifin stock opened at $816.88 on Wednesday. The business has a 50 day moving average price of $770.01 and a two-hundred day moving average price of $725.92. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 0.55. Parker-Hannifin Corporation has a 12 month low of $488.45 and a 12 month high of $869.36. The stock has a market cap of $103.08 billion, a price-to-earnings ratio of 30.12, a price-to-earnings-growth ratio of 3.21 and a beta of 1.37.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings data on Thursday, November 6th. The industrial products company reported $7.22 earnings per share for the quarter, topping the consensus estimate of $6.62 by $0.60. The company had revenue of $5.08 billion for the quarter, compared to analyst estimates of $4.94 billion. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.Parker-Hannifin’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm 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. As a group, equities analysts forecast that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on PH shares. Susquehanna reiterated a “positive” rating and issued a $1,000.00 target price on shares of Parker-Hannifin in a report on Wednesday, November 12th. Mizuho lifted their price objective on Parker-Hannifin from $800.00 to $825.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Deutsche Bank Aktiengesellschaft downgraded Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 target price for the company. in a research note on Thursday, September 4th. Wells Fargo & Company lifted their price target on Parker-Hannifin from $840.00 to $925.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Finally, Argus reissued a “buy” rating and issued a $900.00 price objective on shares of Parker-Hannifin in a research report on Monday, November 10th. Fourteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Parker-Hannifin presently has a consensus rating of “Moderate Buy” and an average price target of $860.71.

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.