Venturi Wealth Management LLC Decreases Stake in Parker-Hannifin Corporation $PH

Venturi Wealth Management LLC lessened its holdings in Parker-Hannifin Corporation (NYSE:PH) by 23.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 920 shares of the industrial products company’s stock after selling 289 shares during the quarter. Venturi Wealth Management LLC’s holdings in Parker-Hannifin were worth $643,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Alley Investment Management Company LLC acquired a new position in Parker-Hannifin in the 1st quarter worth approximately $7,996,000. Community Financial Services Group LLC increased its holdings in Parker-Hannifin by 1,338.2% in the 1st quarter. Community Financial Services Group LLC now owns 6,630 shares of the industrial products company’s stock worth $4,030,000 after buying an additional 6,169 shares during the period. Inspire Investing LLC increased its holdings in Parker-Hannifin by 5.1% in the 1st quarter. Inspire Investing LLC now owns 12,386 shares of the industrial products company’s stock worth $7,529,000 after buying an additional 596 shares during the period. Heartland Bank & Trust Co acquired a new position in Parker-Hannifin in the 1st quarter worth approximately $260,000. Finally, Geneos Wealth Management Inc. increased its holdings 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 worth $1,334,000 after buying an additional 379 shares during the period. Institutional investors and hedge funds own 82.44% of the company’s stock.

Insider Buying and Selling

In other Parker-Hannifin news, VP Angela R. Ives sold 810 shares of the firm’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $727.36, for a total value of $589,161.60. Following the transaction, the vice president owned 2,798 shares in the company, valued at approximately $2,035,153.28. This trade represents a 22.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Thomas C. Gentile sold 1,133 shares of the firm’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $729.50, for a total value of $826,523.50. Following the completion of the transaction, the vice president owned 5,465 shares in the company, valued at $3,986,717.50. The trade was a 17.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,039 shares of company stock worth $10,356,566 in the last ninety days. Company insiders own 0.32% of the company’s stock.

Parker-Hannifin Price Performance

Parker-Hannifin stock opened at $738.74 on Friday. The company’s fifty day moving average price is $748.87 and its 200 day moving average price is $684.70. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19. The stock has a market capitalization of $93.48 billion, a P/E ratio of 27.24, a P/E/G ratio of 3.12 and a beta of 1.35. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $779.77.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 earnings per share for the quarter, beating analysts’ consensus estimates of $7.08 by $0.61. The company had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.10 billion. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the firm posted $6.77 EPS. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, equities research analysts anticipate that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were issued a $1.80 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $7.20 dividend on an annualized basis and a yield of 1.0%. Parker-Hannifin’s dividend payout ratio (DPR) is presently 26.55%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on PH shares. Morgan Stanley increased their price target on shares of Parker-Hannifin from $700.00 to $725.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 9th. Wells Fargo & Company raised their price objective on shares of Parker-Hannifin from $800.00 to $840.00 and gave the stock an “overweight” rating in a research note on Monday. Wall Street Zen raised shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a research note on Saturday, September 20th. Barclays raised their price objective 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 objective on the stock. in a research note on Thursday, September 4th. Fourteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $786.78.

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.