J.W. Cole Advisors Inc. Has $3.53 Million Stock Holdings in Parker-Hannifin Corporation $PH

J.W. Cole Advisors Inc. raised its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 37.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,048 shares of the industrial products company’s stock after purchasing an additional 1,371 shares during the period. J.W. Cole Advisors Inc.’s holdings in Parker-Hannifin were worth $3,526,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Verity & Verity LLC raised its holdings in shares of Parker-Hannifin by 0.6% during the 2nd quarter. Verity & Verity LLC now owns 3,475 shares of the industrial products company’s stock worth $2,427,000 after buying an additional 21 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Parker-Hannifin by 22.4% during the second quarter. Advisors Asset Management Inc. now owns 17,015 shares of the industrial products company’s stock worth $11,884,000 after acquiring an additional 3,117 shares in the last quarter. Columbia Bank lifted its holdings in shares of Parker-Hannifin by 1.2% in the second quarter. Columbia Bank now owns 5,203 shares of the industrial products company’s stock worth $3,678,000 after acquiring an additional 61 shares during the last quarter. Laurel Wealth Advisors LLC boosted its stake in shares of Parker-Hannifin by 69,753.8% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 9,081 shares of the industrial products company’s stock valued at $6,343,000 after purchasing an additional 9,068 shares in the last quarter. Finally, XTX Topco Ltd grew its holdings in shares of Parker-Hannifin by 26.7% during the 2nd quarter. XTX Topco Ltd now owns 2,165 shares of the industrial products company’s stock valued at $1,512,000 after purchasing an additional 456 shares during the last quarter. 82.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on PH shares. Susquehanna reissued a “positive” rating and issued a $1,000.00 price objective on shares of Parker-Hannifin in a research note on Wednesday, November 12th. Deutsche Bank Aktiengesellschaft downgraded shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price target for the company. in a report on Thursday, September 4th. Argus reissued a “buy” rating and set a $900.00 price objective on shares of Parker-Hannifin in a report on Monday, November 10th. Barclays upped their target price on Parker-Hannifin from $785.00 to $906.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Finally, Evercore ISI reaffirmed an “outperform” rating on shares of Parker-Hannifin in a research note on Tuesday, August 19th. 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $860.71.

Parker-Hannifin Stock Up 1.1%

PH stock opened at $861.69 on Thursday. The stock has a market cap of $108.73 billion, a P/E ratio of 31.77, a PEG ratio of 3.21 and a beta of 1.37. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55. Parker-Hannifin Corporation has a twelve month low of $488.45 and a twelve month high of $869.36. The company’s 50 day moving average is $779.75 and its two-hundred day moving average is $734.08.

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

Parker-Hannifin Dividend Announcement

The company also recently announced 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 0.8%. The ex-dividend date of this dividend is Friday, November 7th. Parker-Hannifin’s payout ratio is presently 25.65%.

Insider Transactions at Parker-Hannifin

In related news, VP Berend Bracht sold 3,507 shares of the company’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 completion of the sale, the vice president directly owned 2,580 shares of the company’s stock, valued at $2,230,616.40. This represents a 57.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Rachid Bendali sold 1,437 shares of Parker-Hannifin stock in a transaction that occurred on 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 transaction, 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 position. The disclosure for this sale is available in the SEC filing. 0.32% of the stock is owned by corporate insiders.

Parker-Hannifin Company 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.