Parker-Hannifin Corporation $PH Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. lowered its holdings in Parker-Hannifin Corporation (NYSE:PH) by 6.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 3,736 shares of the industrial products company’s stock after selling 257 shares during the quarter. D.A. Davidson & CO.’s holdings in Parker-Hannifin were worth $2,610,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Wealth Preservation Advisors LLC acquired a new stake in shares of Parker-Hannifin in the first quarter worth $27,000. Interchange Capital Partners LLC acquired a new stake in Parker-Hannifin during the 2nd quarter valued at $31,000. Saudi Central Bank acquired a new stake in Parker-Hannifin during the 1st quarter valued at $31,000. Olde Wealth Management LLC acquired a new stake in Parker-Hannifin during the 1st quarter valued at $35,000. Finally, Chilton Capital Management LLC grew its holdings in Parker-Hannifin by 1,500.0% during the 1st quarter. Chilton Capital Management LLC now owns 64 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 60 shares in the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on PH shares. Truist Financial raised their price target on shares of Parker-Hannifin from $822.00 to $910.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Mizuho raised their price target on shares of Parker-Hannifin from $800.00 to $825.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Citigroup raised their price target on shares of Parker-Hannifin from $831.00 to $874.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Barclays raised their price target on shares of Parker-Hannifin from $776.00 to $785.00 and gave the company an “overweight” rating in a report on Wednesday, October 1st. Finally, Cowen reissued a “hold” rating on shares of Parker-Hannifin in a report on Friday, August 29th. Fourteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Parker-Hannifin has an average rating of “Moderate Buy” and an average price target of $789.67.

Insider Buying and Selling

In other news, VP Thomas C. Gentile sold 1,133 shares of the firm’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $729.50, for a total value of $826,523.50. Following the transaction, the vice president directly owned 5,465 shares in the company, valued at approximately $3,986,717.50. This trade represents a 17.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Robert W. Malone sold 2,257 shares of the firm’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $730.66, for a total transaction of $1,649,099.62. Following the completion of the transaction, the vice president owned 5,866 shares in the company, valued at approximately $4,286,051.56. The trade was a 27.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,039 shares of company stock worth $10,356,566. Company insiders own 0.32% of the company’s stock.

Parker-Hannifin Price Performance

Shares of PH stock opened at $772.86 on Friday. The firm has a market cap of $97.80 billion, a P/E ratio of 28.50, a P/E/G ratio of 3.19 and a beta of 1.35. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71. Parker-Hannifin Corporation has a 1-year low of $488.45 and a 1-year high of $779.77. The firm has a fifty day moving average of $751.64 and a two-hundred day moving average of $697.37.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 earnings per share for the quarter, topping the consensus estimate of $7.08 by $0.61. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The company had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.10 billion. During the same period last year, the business earned $6.77 EPS. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, research analysts anticipate that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 7th will be given a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, November 7th. Parker-Hannifin’s dividend payout ratio (DPR) is presently 26.55%.

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.