Parker-Hannifin Corporation $PH Stake Lessened by Perfromance Wealth Partners LLC

Perfromance Wealth Partners LLC decreased its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 5.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,297 shares of the industrial products company’s stock after selling 380 shares during the quarter. Perfromance Wealth Partners LLC’s holdings in Parker-Hannifin were worth $4,398,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Brighton Jones LLC boosted its position in Parker-Hannifin by 5.9% during the 4th quarter. Brighton Jones LLC now owns 1,808 shares of the industrial products company’s stock worth $1,150,000 after acquiring an additional 101 shares during the period. Bison Wealth LLC boosted its holdings in shares of Parker-Hannifin by 4.5% during the fourth quarter. Bison Wealth LLC now owns 749 shares of the industrial products company’s stock worth $476,000 after purchasing an additional 32 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Parker-Hannifin by 8.9% during the first quarter. GAMMA Investing LLC now owns 2,855 shares of the industrial products company’s stock worth $1,735,000 after purchasing an additional 234 shares during the period. Elevation Point Wealth Partners LLC grew its position in Parker-Hannifin by 2.6% during the first quarter. Elevation Point Wealth Partners LLC now owns 1,014 shares of the industrial products company’s stock valued at $616,000 after purchasing an additional 26 shares in the last quarter. Finally, Opal Wealth Advisors LLC acquired a new position in Parker-Hannifin in the 1st quarter valued at approximately $50,000. 82.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Parker-Hannifin

In other news, EVP Joseph R. Leonti sold 4,625 shares of Parker-Hannifin stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $750.84, for a total value of $3,472,635.00. Following the transaction, the executive vice president directly owned 13,878 shares in the company, valued at approximately $10,420,157.52. The trade was a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Angela R. Ives sold 810 shares of the business’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $727.36, for a total value of $589,161.60. Following the transaction, the vice president directly owned 2,798 shares of the company’s stock, valued at $2,035,153.28. This represents a 22.45% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,039 shares of company stock worth $10,356,566. Corporate insiders own 0.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on PH. Citigroup boosted 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. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a research report on Wednesday, October 8th. Raymond James Financial upped their target price on Parker-Hannifin from $735.00 to $845.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Cowen reaffirmed a “hold” rating on shares of Parker-Hannifin in a research note on Friday, August 29th. Finally, Barclays boosted their price target on Parker-Hannifin from $776.00 to $785.00 and gave the company an “overweight” rating in a research note on Wednesday, October 1st. Fourteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $786.78.

Parker-Hannifin Stock Performance

Shares of NYSE PH opened at $728.67 on Tuesday. The business’s 50-day simple moving average is $749.16 and its 200-day simple moving average is $686.79. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19. Parker-Hannifin Corporation has a 52 week low of $488.45 and a 52 week high of $779.77. The firm has a market cap of $92.21 billion, a price-to-earnings ratio of 26.87, a P/E/G ratio of 2.97 and a beta of 1.35.

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

Parker-Hannifin Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were paid a $1.80 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $7.20 dividend on an annualized basis and a yield of 1.0%. Parker-Hannifin’s dividend payout ratio (DPR) is presently 26.55%.

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.