Vise Technologies Inc. Buys 763 Shares of Parker-Hannifin Corporation $PH

Vise Technologies Inc. grew its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 12.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 6,842 shares of the industrial products company’s stock after purchasing an additional 763 shares during the quarter. Vise Technologies Inc.’s holdings in Parker-Hannifin were worth $6,537,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Investment Partners LTD. acquired a new position in shares of Parker-Hannifin during the third quarter worth approximately $273,000. Moss Adams Wealth Advisors LLC increased its position in Parker-Hannifin by 6.1% in the 3rd quarter. Moss Adams Wealth Advisors LLC now owns 484 shares of the industrial products company’s stock valued at $463,000 after acquiring an additional 28 shares during the period. MGO One Seven LLC increased its position in Parker-Hannifin by 17.0% in the 3rd quarter. MGO One Seven LLC now owns 10,370 shares of the industrial products company’s stock valued at $9,907,000 after acquiring an additional 1,506 shares during the period. Sagace Wealth Management LLC increased its position in Parker-Hannifin by 6.0% in the 3rd quarter. Sagace Wealth Management LLC now owns 282 shares of the industrial products company’s stock valued at $269,000 after acquiring an additional 16 shares during the period. Finally, Americana Partners LLC raised its stake in Parker-Hannifin by 9.3% during the 3rd quarter. Americana Partners LLC now owns 1,831 shares of the industrial products company’s stock valued at $1,749,000 after acquiring an additional 156 shares in the last quarter. Institutional investors own 82.44% of the company’s stock.

Insider Buying and Selling

In related news, VP Berend Bracht sold 602 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $1,040.47, for a total value of $626,362.94. Following the completion of the sale, the vice president owned 4,399 shares of the company’s stock, valued at approximately $4,577,027.53. The trade was a 12.04% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.35% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on PH. UBS Group set a $950.00 price target on Parker-Hannifin in a research note on Wednesday, October 14th. Sanford C. Bernstein lifted their price objective on shares of Parker-Hannifin from $1,037.00 to $1,218.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Evercore upped their price objective on shares of Parker-Hannifin from $1,064.00 to $1,217.00 and gave the stock an “outperform” rating in a report on Tuesday, August 11th. TD Cowen increased their target price on shares of Parker-Hannifin from $850.00 to $950.00 and gave the company a “hold” rating in a research report on Wednesday, October 14th. Finally, Susquehanna increased their target price on shares of Parker-Hannifin from $1,100.00 to $1,250.00 and gave the company a “positive” rating in a research report on Friday, August 7th. Eighteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,146.35.

Parker-Hannifin Stock Up 3.2%

Shares of Parker-Hannifin stock opened at $928.57 on Tuesday. The stock’s fifty day moving average is $954.69 and its 200-day moving average is $949.68. The firm has a market capitalization of $117.10 billion, a PE ratio of 28.22, a price-to-earnings-growth ratio of 2.54 and a beta of 1.12. The company has a quick ratio of 0.74, a current ratio of 1.26 and a debt-to-equity ratio of 0.44. Parker-Hannifin Corporation has a 12-month low of $755.10 and a 12-month high of $1,099.94.

Parker-Hannifin (NYSE:PH) last released its earnings results on Thursday, August 6th. The industrial products company reported $9.27 earnings per share for the quarter, topping the consensus estimate of $8.31 by $0.96. Parker-Hannifin had a net margin of 16.97% and a return on equity of 28.48%. The business had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.57 billion. During the same period last year, the firm posted $7.69 earnings per share. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. Equities analysts anticipate that Parker-Hannifin Corporation will post 35.72 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 13th will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $8.00 dividend on an annualized basis and a yield of 0.9%. Parker-Hannifin’s dividend payout ratio (DPR) is presently 28.08%.

About Parker-Hannifin

Parker-Hannifin Corporation is a diversified manufacturer of motion and control technologies and systems. The company serves aerospace, industrial, and other specialized markets with products designed to control the movement and flow of liquids and gases, as well as mechanical motion and power.

Its product portfolio includes hydraulic and pneumatic systems, filtration and process-control equipment, electromechanical technologies, sealing and shielding products, connectors, pumps, valves, and related components.