Wealth Alliance LLC Reduces Stock Holdings in Parker-Hannifin Corporation $PH

Wealth Alliance LLC cut its holdings in Parker-Hannifin Corporation (NYSE:PH) by 22.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 842 shares of the industrial products company’s stock after selling 247 shares during the period. Wealth Alliance LLC’s holdings in Parker-Hannifin were worth $588,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Inspire Investing LLC grew its stake in shares of Parker-Hannifin by 5.1% during the first quarter. Inspire Investing LLC now owns 12,386 shares of the industrial products company’s stock valued at $7,529,000 after acquiring an additional 596 shares in the last quarter. Geneos Wealth Management Inc. increased its position in Parker-Hannifin by 20.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,194 shares of the industrial products company’s stock valued at $1,334,000 after acquiring an additional 379 shares during the period. Banco Santander S.A. boosted its holdings in shares of Parker-Hannifin by 70.2% in the first quarter. Banco Santander S.A. now owns 35,645 shares of the industrial products company’s stock valued at $21,667,000 after acquiring an additional 14,705 shares in the last quarter. Citizens Financial Group Inc. RI boosted its stake in Parker-Hannifin by 10.6% during the 1st quarter. Citizens Financial Group Inc. RI now owns 32,935 shares of the industrial products company’s stock valued at $20,020,000 after purchasing an additional 3,147 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Parker-Hannifin in the first quarter valued at $247,000. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PH. Barclays upped their price target on shares of Parker-Hannifin from $785.00 to $906.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Truist Financial reiterated a “buy” rating and issued a $977.00 price target (up previously from $910.00) on shares of Parker-Hannifin in a research report on Friday, November 7th. Mizuho upped their price objective on shares of Parker-Hannifin from $800.00 to $825.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Robert W. Baird lifted their target price on shares of Parker-Hannifin from $930.00 to $960.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Evercore ISI restated an “outperform” rating on shares of Parker-Hannifin in a research report on Tuesday, August 19th. Fourteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $860.71.

Insiders Place Their Bets

In other Parker-Hannifin news, EVP Joseph R. Leonti sold 4,625 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president owned 13,878 shares in the company, valued at approximately $10,420,157.52. This trade represents a 25.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.32% of the stock is currently owned by company insiders.

Parker-Hannifin Stock Up 0.0%

Shares of PH traded up $0.01 during mid-day trading on Thursday, hitting $854.33. 39,854 shares of the company’s stock were exchanged, compared to its average volume of 706,974. The stock has a market cap of $108.11 billion, a price-to-earnings ratio of 31.48, a P/E/G ratio of 3.21 and a beta of 1.37. The firm has a fifty day moving average of $764.38 and a two-hundred day moving average of $718.91. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 0.55. Parker-Hannifin Corporation has a twelve month low of $488.45 and a twelve month high of $869.36.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings data on Thursday, November 6th. The industrial products company reported $7.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.62 by $0.60. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The business had revenue of $5.08 billion during the quarter, compared to analyst estimates of $4.94 billion. During the same quarter in the previous year, the business earned $6.20 EPS. Parker-Hannifin’s quarterly revenue was up 3.7% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 29.600-30.400 EPS. FY 2026 guidance at 29.600-30.400 EPS. On average, sell-side analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 7th will be paid a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, November 7th. Parker-Hannifin’s dividend payout ratio is presently 25.65%.

Parker-Hannifin 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.