Inspire Advisors LLC Invests $709,000 in Parker-Hannifin Corporation $PH

Inspire Advisors LLC bought a new position in Parker-Hannifin Corporation (NYSE:PH) during the 2nd quarter, HoldingsChannel reports. The fund bought 1,015 shares of the industrial products company’s stock, valued at approximately $709,000.

Other institutional investors have also added to or reduced their stakes in the company. Wealth Preservation Advisors LLC purchased a new position in shares of Parker-Hannifin in the first quarter valued at about $27,000. Interchange Capital Partners LLC purchased a new stake in shares of Parker-Hannifin during the second quarter worth about $31,000. Saudi Central Bank bought a new stake in shares of Parker-Hannifin in the first quarter worth about $31,000. Princeton Global Asset Management LLC increased its holdings in Parker-Hannifin by 56.1% during the 2nd quarter. Princeton Global Asset Management LLC now owns 64 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 23 shares during the period. Finally, Accent Capital Management LLC bought a new position in Parker-Hannifin during the 1st quarter valued at approximately $41,000. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on PH shares. Argus reiterated a “buy” rating and issued a $900.00 price objective on shares of Parker-Hannifin in a report on Monday, November 10th. Stifel Nicolaus decreased their target price on Parker-Hannifin from $726.00 to $723.00 and set a “hold” rating for the company in a report on Monday, October 20th. Cowen reiterated a “hold” rating on shares of Parker-Hannifin in a report on Friday, August 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a research report on Wednesday, October 8th. Finally, Robert W. Baird upped their price objective on shares of Parker-Hannifin from $930.00 to $960.00 and gave the stock an “outperform” rating in a report on Wednesday, November 12th. Fourteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Parker-Hannifin has an average rating of “Moderate Buy” and an average price target of $860.71.

Insider Buying and Selling

In other news, VP Berend Bracht sold 3,507 shares of Parker-Hannifin stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $864.58, for a total transaction of $3,032,082.06. Following the completion of the transaction, the vice president directly owned 2,580 shares in the company, valued at approximately $2,230,616.40. This trade represents a 57.61% 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, VP Rachid Bendali sold 1,437 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $852.99, for a total value of $1,225,746.63. Following the completion of the sale, the vice president directly owned 2,714 shares in the company, valued at approximately $2,315,014.86. This represents a 34.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 9,569 shares of company stock valued at $7,730,464 over the last quarter. Corporate insiders own 0.32% of the company’s stock.

Parker-Hannifin Price Performance

Shares of PH stock opened at $816.88 on Wednesday. The business’s fifty day moving average is $770.01 and its 200 day moving average is $725.92. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 0.55. The stock has a market cap of $103.08 billion, a price-to-earnings ratio of 30.12, a PEG ratio of 3.21 and a beta of 1.37. Parker-Hannifin Corporation has a twelve month low of $488.45 and a twelve month high of $869.36.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data on Thursday, November 6th. The industrial products company reported $7.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.62 by $0.60. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The business had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $4.94 billion. During the same quarter in the prior year, the company earned $6.20 earnings per share. The firm’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. Research analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 7th will be given a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, November 7th. Parker-Hannifin’s dividend payout ratio (DPR) is 25.65%.

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.