Kingsview Wealth Management LLC Has $1.31 Million Stock Position in Parker-Hannifin Corporation $PH

Kingsview Wealth Management LLC cut its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 10.6% in the 2nd quarter, Holdings Channel reports. The firm owned 1,871 shares of the industrial products company’s stock after selling 221 shares during the period. Kingsview Wealth Management LLC’s holdings in Parker-Hannifin were worth $1,307,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Parker-Hannifin by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 11,023,764 shares of the industrial products company’s stock worth $6,700,795,000 after buying an additional 168,990 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Parker-Hannifin by 52.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,443,104 shares of the industrial products company’s stock valued at $1,485,042,000 after acquiring an additional 842,262 shares during the last quarter. Wellington Management Group LLP raised its stake in Parker-Hannifin by 11.6% during the first quarter. Wellington Management Group LLP now owns 2,009,250 shares of the industrial products company’s stock worth $1,221,323,000 after acquiring an additional 208,573 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Parker-Hannifin by 0.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,594,347 shares of the industrial products company’s stock worth $969,124,000 after acquiring an additional 11,815 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Parker-Hannifin in the 1st quarter valued at approximately $933,089,000. Institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Stock Performance

NYSE PH opened at $821.08 on Thursday. The company has a market capitalization of $103.61 billion, a price-to-earnings ratio of 30.28, a PEG ratio of 3.21 and a beta of 1.37. 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 twelve month low of $488.45 and a twelve month high of $869.36. The stock has a fifty day simple moving average of $771.12 and a 200 day simple moving average of $726.59.

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

Parker-Hannifin Dividend Announcement

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

Insider Buying and Selling at Parker-Hannifin

In other news, VP Berend Bracht sold 3,507 shares of the stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $864.58, for a total transaction of $3,032,082.06. Following the completion of the sale, the vice president directly owned 2,580 shares in the company, valued at $2,230,616.40. This represents a 57.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Joseph R. Leonti sold 4,625 shares of Parker-Hannifin stock in a transaction on 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 directly owned 13,878 shares of the company’s stock, valued at $10,420,157.52. This represents a 25.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 9,569 shares of company stock valued at $7,730,464. 0.32% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on PH shares. Deutsche Bank Aktiengesellschaft cut shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price objective for the company. in a research report on Thursday, September 4th. Stifel Nicolaus lowered their price target on shares of Parker-Hannifin from $726.00 to $723.00 and set a “hold” rating for the company in a report on Monday, October 20th. Barclays increased their price target on Parker-Hannifin from $785.00 to $906.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Truist Financial restated a “buy” rating and set a $977.00 price objective (up previously from $910.00) on shares of Parker-Hannifin in a research report on Friday, November 7th. Finally, Mizuho increased their target price on Parker-Hannifin from $800.00 to $825.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Fourteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Parker-Hannifin currently has an average rating of “Moderate Buy” and a consensus target price of $860.71.

About Parker-Hannifin

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.