Parker-Hannifin Corporation $PH Stock Position Lowered by HCR Wealth Advisors

HCR Wealth Advisors lessened its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 18.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 679 shares of the industrial products company’s stock after selling 153 shares during the quarter. HCR Wealth Advisors’ holdings in Parker-Hannifin were worth $474,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PH. Cascade Financial Partners LLC boosted its stake in shares of Parker-Hannifin by 3.1% in the 1st quarter. Cascade Financial Partners LLC now owns 498 shares of the industrial products company’s stock valued at $303,000 after purchasing an additional 15 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its stake in Parker-Hannifin by 0.8% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,814 shares of the industrial products company’s stock worth $1,103,000 after buying an additional 15 shares during the period. Empowered Funds LLC boosted its holdings in shares of Parker-Hannifin by 0.5% in the first quarter. Empowered Funds LLC now owns 2,894 shares of the industrial products company’s stock valued at $1,759,000 after buying an additional 15 shares during the period. Sivia Capital Partners LLC lifted its holdings in shares of Parker-Hannifin by 3.6% in the second quarter. Sivia Capital Partners LLC now owns 430 shares of the industrial products company’s stock valued at $300,000 after purchasing an additional 15 shares in the last quarter. Finally, Nicolet Advisory Services LLC raised its holdings in shares of Parker-Hannifin by 3.5% in the first quarter. Nicolet Advisory Services LLC now owns 468 shares of the industrial products company’s stock valued at $262,000 after purchasing an additional 16 shares during the last quarter. 82.44% of the stock is currently owned by institutional investors.

Parker-Hannifin Stock Up 0.3%

PH stock opened at $753.24 on Tuesday. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55. The stock has a market cap of $95.32 billion, a price-to-earnings ratio of 27.77, a price-to-earnings-growth ratio of 3.11 and a beta of 1.35. The company’s 50 day moving average is $745.14 and its 200 day moving average is $678.30. Parker-Hannifin Corporation has a 1-year low of $488.45 and a 1-year high of $779.77.

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

Parker-Hannifin Announces Dividend

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

Insider Buying and Selling at Parker-Hannifin

In other news, VP Robert W. Malone sold 2,257 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The shares were 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 directly owned 5,866 shares of the company’s stock, valued at $4,286,051.56. The trade was a 27.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Andrew D. Ross sold 4,361 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $732.66, for a total transaction of $3,195,130.26. Following the completion of the transaction, the chief operating officer owned 13,120 shares in the company, valued at $9,612,499.20. This trade represents a 24.95% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,039 shares of company stock worth $10,356,566. Insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on PH. Deutsche Bank Aktiengesellschaft lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price target on the stock. in a research report on Thursday, September 4th. Cowen reaffirmed a “hold” rating on shares of Parker-Hannifin in a research report on Friday, August 29th. Stifel Nicolaus upped their price objective on Parker-Hannifin from $717.00 to $726.00 and gave the stock a “hold” rating in a research report on Friday, August 8th. Evercore ISI reiterated an “outperform” rating on shares of Parker-Hannifin in a research report on Tuesday, August 19th. Finally, Raymond James Financial raised their price objective on Parker-Hannifin from $735.00 to $845.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Thirteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $770.94.

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.