Park Avenue Securities LLC Has $11.23 Million Position in Parker-Hannifin Corporation $PH

Park Avenue Securities LLC cut its position in Parker-Hannifin Corporation (NYSE:PH) by 5.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,810 shares of the industrial products company’s stock after selling 907 shares during the quarter. Park Avenue Securities LLC’s holdings in Parker-Hannifin were worth $11,229,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Fidelis Capital Partners LLC increased its stake in shares of Parker-Hannifin by 1.3% in the second quarter. Fidelis Capital Partners LLC now owns 1,071 shares of the industrial products company’s stock valued at $747,000 after buying an additional 14 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its holdings in Parker-Hannifin by 0.8% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,814 shares of the industrial products company’s stock worth $1,103,000 after acquiring an additional 15 shares during the last quarter. Bingham Private Wealth LLC increased its position in Parker-Hannifin by 3.3% in the 2nd quarter. Bingham Private Wealth LLC now owns 472 shares of the industrial products company’s stock valued at $330,000 after acquiring an additional 15 shares during the period. Meadow Creek Wealth Advisors LLC raised its stake in shares of Parker-Hannifin by 3.6% during the second quarter. Meadow Creek Wealth Advisors LLC now owns 430 shares of the industrial products company’s stock valued at $300,000 after acquiring an additional 15 shares during the last quarter. Finally, Valeo Financial Advisors LLC lifted its holdings in shares of Parker-Hannifin by 0.8% during the second quarter. Valeo Financial Advisors LLC now owns 1,833 shares of the industrial products company’s stock worth $1,280,000 after purchasing an additional 15 shares during the period. 82.44% of the stock is currently owned by institutional investors.

Parker-Hannifin Price Performance

Shares of PH opened at $908.80 on Thursday. Parker-Hannifin Corporation has a 52-week low of $488.45 and a 52-week high of $933.33. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.61 and a current ratio of 1.07. The business’s 50 day moving average price is $857.80 and its two-hundred day moving average price is $779.46. The firm has a market cap of $114.68 billion, a PE ratio of 32.38, a price-to-earnings-growth ratio of 3.23 and a beta of 1.25.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings data on Thursday, November 6th. The industrial products company reported $7.22 EPS for the quarter, topping the consensus estimate of $6.62 by $0.60. Parker-Hannifin had a net margin of 18.17% and a return on equity of 27.23%. The company had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $4.94 billion. During the same quarter last year, the firm posted $6.20 EPS. The company’s quarterly revenue was up 3.7% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 29.600-30.400 EPS and its FY 2026 guidance at 29.600-30.400 EPS. On average, equities analysts anticipate that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 7th were issued a dividend of $1.80 per share. The ex-dividend date was Friday, November 7th. This represents a $7.20 annualized dividend and a dividend yield of 0.8%. Parker-Hannifin’s dividend payout ratio is currently 25.65%.

Insider Transactions at Parker-Hannifin

In other Parker-Hannifin news, COO Andrew D. Ross sold 2,488 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $894.81, for a total value of $2,226,287.28. Following the transaction, the chief operating officer owned 13,120 shares in the company, valued at approximately $11,739,907.20. This represents a 15.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Rachid Bendali sold 1,437 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $852.99, for a total value of $1,225,746.63. Following the sale, the vice president owned 2,714 shares of the company’s stock, valued at approximately $2,315,014.86. This represents a 34.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 7,432 shares of company stock valued at $6,484,116 in the last 90 days. 0.32% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PH. Weiss Ratings restated a “buy (b)” rating on shares of Parker-Hannifin in a report on Wednesday, October 8th. Wells Fargo & Company increased their price target on Parker-Hannifin from $925.00 to $1,000.00 and gave the company an “overweight” rating in a research note on Wednesday. Mizuho raised their price objective on Parker-Hannifin from $800.00 to $825.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Robert W. Baird upped their target price on Parker-Hannifin from $930.00 to $960.00 and gave the company an “outperform” rating in a report on Wednesday, November 12th. Finally, Truist Financial raised their price target on shares of Parker-Hannifin from $977.00 to $1,097.00 and gave the stock a “buy” rating in a report on Thursday, December 18th. Sixteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Parker-Hannifin presently has an average rating of “Moderate Buy” and an average price target of $932.11.

About Parker-Hannifin

Parker-Hannifin Corporation (NYSE: PH) is a global manufacturer and provider of motion and control technologies and systems. The company designs, manufactures and services a broad range of engineered components and systems used to control the movement and flow of liquids, gases and hydraulic power. Its product portfolio is applied across demanding environments and includes solutions for industrial manufacturing, aerospace, mobile equipment and other engineered applications.

Parker-Hannifin’s product and service offerings span hydraulic and pneumatic components, fittings and fluid connectors, valves, pumps and motors, electromechanical actuators and motion-control systems, filtration and separation products, and seals and sealing systems.