Pinnacle Wealth Planning Services Inc. Acquires 212 Shares of Parker-Hannifin Corporation $PH

Pinnacle Wealth Planning Services Inc. increased its holdings in Parker-Hannifin Corporation (NYSE:PH) by 13.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,842 shares of the industrial products company’s stock after buying an additional 212 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in Parker-Hannifin were worth $1,287,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Nordwand Advisors LLC bought a new position in Parker-Hannifin during the 2nd quarter worth $1,795,000. Dorsey & Whitney Trust CO LLC grew its holdings in shares of Parker-Hannifin by 3.3% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 1,136 shares of the industrial products company’s stock worth $794,000 after purchasing an additional 36 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position 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 purchasing an additional 8,132 shares during the period. Westpac Banking Corp raised its stake in Parker-Hannifin by 8.2% in the second quarter. Westpac Banking Corp now owns 853 shares of the industrial products company’s stock valued at $596,000 after purchasing an additional 65 shares in the last quarter. Finally, Western Wealth Management LLC lifted its position in Parker-Hannifin by 4.2% during the second quarter. Western Wealth Management LLC now owns 3,235 shares of the industrial products company’s stock worth $2,260,000 after purchasing an additional 131 shares during the period. Institutional investors and hedge funds own 82.44% of the company’s stock.

Analyst Ratings Changes

PH has been the topic of several recent analyst reports. Wells Fargo & Company raised their target price on shares of Parker-Hannifin from $840.00 to $925.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Susquehanna reiterated a “positive” rating and set a $1,000.00 price target on shares of Parker-Hannifin in a research report on Wednesday, November 12th. Wall Street Zen upgraded shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. Mizuho raised their target price on Parker-Hannifin from $800.00 to $825.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Finally, Deutsche Bank Aktiengesellschaft cut 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. Fourteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $860.71.

Parker-Hannifin Stock Down 1.2%

Shares of PH opened at $821.88 on Tuesday. 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 $869.36. The stock has a market capitalization of $103.71 billion, a price-to-earnings ratio of 30.31, a PEG ratio of 3.21 and a beta of 1.37. The stock has a fifty day moving average of $768.78 and a 200-day moving average of $724.53.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings data on Thursday, November 6th. The industrial products company reported $7.22 earnings per share for the quarter, topping analysts’ consensus estimates of $6.62 by $0.60. The business 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 quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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, sell-side analysts anticipate that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The firm also recently disclosed 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. This represents a $7.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, November 7th. Parker-Hannifin’s dividend payout ratio (DPR) is 25.65%.

Insider Buying and Selling

In other news, VP Berend Bracht sold 3,507 shares of Parker-Hannifin 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 transaction, the vice president owned 2,580 shares in the company, valued at approximately $2,230,616.40. The trade was a 57.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joseph R. Leonti sold 4,625 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $750.84, for a total value of $3,472,635.00. Following the completion of the sale, the executive vice president owned 13,878 shares of the company’s stock, valued at $10,420,157.52. The trade was a 25.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 9,569 shares of company stock worth $7,730,464 in the last ninety days. Company insiders own 0.32% of the company’s stock.

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.