Premier Path Wealth Partners LLC Raises Stake in Parker-Hannifin Corporation $PH

Premier Path Wealth Partners LLC increased its stake in Parker-Hannifin Corporation (NYSE:PH) by 3.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 1,968 shares of the industrial products company’s stock after buying an additional 74 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Parker-Hannifin were worth $1,375,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Parker-Hannifin by 1.6% during the first quarter. Vanguard Group Inc. now owns 11,023,764 shares of the industrial products company’s stock valued at $6,700,795,000 after purchasing an additional 168,990 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Parker-Hannifin by 52.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,443,104 shares of the industrial products company’s stock valued at $1,485,042,000 after purchasing an additional 842,262 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Parker-Hannifin by 11.6% during the first quarter. Wellington Management Group LLP now owns 2,009,250 shares of the industrial products company’s stock valued at $1,221,323,000 after purchasing an additional 208,573 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Parker-Hannifin by 0.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,594,347 shares of the industrial products company’s stock valued at $969,124,000 after purchasing an additional 11,815 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in Parker-Hannifin during the first quarter valued at about $933,089,000. 82.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Robert W. Malone sold 2,257 shares of the company’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 value of $1,649,099.62. Following the transaction, the vice president directly owned 5,866 shares in the company, valued at approximately $4,286,051.56. This represents 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 accessible through the SEC website. Also, COO Andrew D. Ross sold 4,361 shares of the company’s 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 approximately $9,612,499.20. This trade represents a 24.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 14,039 shares of company stock valued at $10,356,566 in the last 90 days. 0.32% of the stock is owned by company insiders.

Parker-Hannifin Stock Up 1.0%

PH stock opened at $774.85 on Thursday. 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 company’s 50 day moving average is $753.51 and its 200 day moving average is $702.25. The stock has a market cap of $98.05 billion, a price-to-earnings ratio of 28.57, a price-to-earnings-growth ratio of 3.17 and a beta of 1.35. Parker-Hannifin Corporation has a 1-year low of $488.45 and a 1-year high of $784.38.

Parker-Hannifin (NYSE:PH) last posted 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. The company had revenue of $5.24 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. Parker-Hannifin’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the prior year, the business 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 disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 7th will be given a $1.80 dividend. This represents a $7.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, November 7th. Parker-Hannifin’s dividend payout ratio is 26.55%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Parker-Hannifin in a report on Wednesday, October 8th. Mizuho upped their price target on Parker-Hannifin from $800.00 to $825.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Citigroup upped their price target on Parker-Hannifin from $831.00 to $874.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Deutsche Bank Aktiengesellschaft cut 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. Finally, Stifel Nicolaus decreased their price target on Parker-Hannifin from $726.00 to $723.00 and set a “hold” rating on the stock in a research report on Monday, October 20th. Fourteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $789.67.

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.