Tritonpoint Wealth LLC Has $2.97 Million Holdings in Parker-Hannifin Corporation $PH

Tritonpoint Wealth LLC lessened its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 3.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,253 shares of the industrial products company’s stock after selling 153 shares during the quarter. Tritonpoint Wealth LLC’s holdings in Parker-Hannifin were worth $2,971,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Cascade Financial Partners LLC grew its stake in shares of Parker-Hannifin by 3.1% during the first quarter. Cascade Financial Partners LLC now owns 498 shares of the industrial products company’s stock worth $303,000 after purchasing an additional 15 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Parker-Hannifin by 0.8% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,814 shares of the industrial products company’s stock worth $1,103,000 after purchasing an additional 15 shares during the period. Empowered Funds LLC grew its stake in shares of Parker-Hannifin by 0.5% during the first quarter. Empowered Funds LLC now owns 2,894 shares of the industrial products company’s stock worth $1,759,000 after purchasing an additional 15 shares during the period. Sivia Capital Partners LLC grew its stake in shares of Parker-Hannifin by 3.6% during the second quarter. Sivia Capital Partners LLC now owns 430 shares of the industrial products company’s stock worth $300,000 after purchasing an additional 15 shares during the period. Finally, Nicolet Advisory Services LLC grew its stake in shares of Parker-Hannifin by 3.5% during the first quarter. Nicolet Advisory Services LLC now owns 468 shares of the industrial products company’s stock worth $262,000 after purchasing an additional 16 shares during the period. Institutional investors and hedge funds own 82.44% of the company’s stock.

Parker-Hannifin Stock Performance

Shares of Parker-Hannifin stock opened at $751.34 on Friday. The firm has a market cap of $95.07 billion, a price-to-earnings ratio of 27.70, a price-to-earnings-growth ratio of 3.11 and a beta of 1.35. The stock’s 50-day moving average is $744.31 and its 200-day moving average is $676.69. Parker-Hannifin Corporation has a one year low of $488.45 and a one year high of $779.77. 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 (NYSE:PH) last issued its quarterly earnings results on Thursday, August 7th. The industrial products company reported $7.69 EPS for the quarter, beating 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 company had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same period in the previous year, the company posted $6.77 earnings per share. The company’s quarterly revenue 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. Equities analysts predict that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PH. Wall Street Zen raised Parker-Hannifin from a “hold” rating to a “buy” rating in a research note on Saturday, September 20th. Citigroup reissued a “buy” rating and issued a $831.00 target price (up from $709.00) on shares of Parker-Hannifin in a research note on Monday, July 14th. Barclays boosted their target price on Parker-Hannifin from $750.00 to $776.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Raymond James Financial boosted their target price on Parker-Hannifin from $735.00 to $845.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Finally, KeyCorp boosted their target price on Parker-Hannifin from $790.00 to $810.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Thirteen equities research 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 presently has a consensus rating of “Moderate Buy” and an average target price of $770.94.

Insider Buying and Selling at Parker-Hannifin

In related news, EVP Joseph R. Leonti sold 4,625 shares of the company’s stock in a transaction dated 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 sale, the executive vice president owned 13,878 shares in the company, valued at approximately $10,420,157.52. This represents a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Matthew A. Jacobson sold 575 shares of the company’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $733.06, for a total value of $421,509.50. Following the sale, the vice president owned 1,000 shares in the company, valued at $733,060. The trade was a 36.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,039 shares of company stock valued at $10,356,566 in the last ninety days. Insiders own 0.39% of the company’s stock.

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.