GoalVest Advisory LLC Acquires 55 Shares of Parker-Hannifin Corporation $PH

GoalVest Advisory LLC lifted its holdings in Parker-Hannifin Corporation (NYSE:PH) by 275.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 75 shares of the industrial products company’s stock after buying an additional 55 shares during the period. GoalVest Advisory LLC’s holdings in Parker-Hannifin were worth $52,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in PH. Brighton Jones LLC increased its holdings in shares of Parker-Hannifin by 5.9% in the 4th quarter. Brighton Jones LLC now owns 1,808 shares of the industrial products company’s stock worth $1,150,000 after buying an additional 101 shares during the last quarter. Bison Wealth LLC increased its holdings in shares of Parker-Hannifin by 4.5% in the 4th quarter. Bison Wealth LLC now owns 749 shares of the industrial products company’s stock worth $476,000 after buying an additional 32 shares during the last quarter. Diversified Trust Co increased its holdings in shares of Parker-Hannifin by 2.1% in the 1st quarter. Diversified Trust Co now owns 1,038 shares of the industrial products company’s stock worth $631,000 after buying an additional 21 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Parker-Hannifin by 5.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,102 shares of the industrial products company’s stock worth $10,887,000 after buying an additional 973 shares during the last quarter. Finally, Confluence Wealth Services Inc. bought a new stake in shares of Parker-Hannifin in the 1st quarter worth about $391,000. 82.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Parker-Hannifin news, VP Matthew A. Jacobson sold 575 shares of the business’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $733.06, for a total value of $421,509.50. Following the completion of the sale, the vice president directly owned 1,000 shares of the company’s stock, valued at $733,060. The trade was a 36.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Andrew D. Ross sold 4,361 shares of the business’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $732.66, for a total transaction of $3,195,130.26. Following the completion of the sale, the chief operating officer owned 13,120 shares of the company’s stock, valued at approximately $9,612,499.20. This represents a 24.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,039 shares of company stock worth $10,356,566 over the last 90 days. Corporate insiders own 0.32% of the company’s stock.

Parker-Hannifin Price Performance

Parker-Hannifin stock opened at $775.02 on Tuesday. The stock has a market cap of $98.07 billion, a price-to-earnings ratio of 28.58, a price-to-earnings-growth ratio of 3.19 and a beta of 1.35. 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 Corporation has a 1 year low of $488.45 and a 1 year high of $780.00. The firm has a 50-day moving average of $752.41 and a two-hundred day moving average of $699.32.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.08 by $0.61. The company had revenue of $5.24 billion during 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%. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the company earned $6.77 EPS. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. On average, research 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 disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 7th will be given a $1.80 dividend. This represents a $7.20 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, November 7th. Parker-Hannifin’s payout ratio is 26.55%.

Wall Street Analysts Forecast Growth

PH has been the topic of a number of research reports. Evercore ISI restated an “outperform” rating on shares of Parker-Hannifin in a report on Tuesday, August 19th. Mizuho lifted their price target on shares of Parker-Hannifin from $800.00 to $825.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Cowen reaffirmed a “hold” rating on shares of Parker-Hannifin in a research note on Friday, August 29th. Barclays lifted their price target on shares of Parker-Hannifin from $776.00 to $785.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft cut shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price target for the company. in a research note on Thursday, September 4th. Fourteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $789.67.

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.