Perkins Coie Trust Co Sells 1,369 Shares of Parker-Hannifin Corporation $PH

Perkins Coie Trust Co lessened its holdings in Parker-Hannifin Corporation (NYSE:PH) by 95.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 63 shares of the industrial products company’s stock after selling 1,369 shares during the period. Perkins Coie Trust Co’s holdings in Parker-Hannifin were worth $48,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its stake in Parker-Hannifin by 20.1% in the 2nd quarter. Quadrant Capital Group LLC now owns 3,610 shares of the industrial products company’s stock valued at $2,521,000 after purchasing an additional 604 shares during the period. Inspire Investing LLC increased its position in Parker-Hannifin by 5.1% during 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. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Parker-Hannifin during the second quarter worth $733,000. Geneos Wealth Management Inc. boosted its position in shares of Parker-Hannifin by 20.9% in the first quarter. Geneos Wealth Management Inc. now owns 2,194 shares of the industrial products company’s stock valued at $1,334,000 after acquiring an additional 379 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Parker-Hannifin by 0.9% in the second quarter. Vanguard Group Inc. now owns 11,125,240 shares of the industrial products company’s stock valued at $7,770,646,000 after acquiring an additional 101,476 shares in the last quarter. 82.44% of the stock is owned by institutional investors.

Parker-Hannifin Stock Up 0.6%

NYSE PH opened at $873.58 on Friday. The business has a fifty day moving average price of $820.62 and a two-hundred day moving average price of $757.74. The stock has a market capitalization of $110.24 billion, a PE ratio of 31.12, a PEG ratio of 3.02 and a beta of 1.25. Parker-Hannifin Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $908.35. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.07 and a quick ratio of 0.61.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings results on Thursday, November 6th. The industrial products company reported $7.22 EPS for the quarter, topping analysts’ consensus estimates of $6.62 by $0.60. Parker-Hannifin had a return on equity of 27.23% and a net margin of 18.17%.The company had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $4.94 billion. During the same quarter in the previous year, the firm earned $6.20 EPS. Parker-Hannifin’s 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. Equities analysts expect that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

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

Insider Activity

In related 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 sale, the vice president directly owned 2,580 shares of the company’s stock, valued at approximately $2,230,616.40. The trade was a 57.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Andrew D. Ross sold 2,488 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $894.81, for a total transaction of $2,226,287.28. Following the transaction, the chief operating officer owned 13,120 shares of the company’s stock, valued at approximately $11,739,907.20. This represents a 15.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 7,432 shares of company stock worth $6,484,116. Corporate insiders own 0.32% of the company’s stock.

Wall Street Analyst Weigh In

PH has been the subject of several analyst reports. Stifel Nicolaus lifted their price objective on shares of Parker-Hannifin from $850.00 to $869.00 and gave the stock a “hold” rating in a research note on Tuesday. Barclays lifted their price target on shares of Parker-Hannifin from $906.00 to $950.00 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Cowen reiterated a “hold” rating on shares of Parker-Hannifin in a research note on Friday, August 29th. Citigroup raised their price objective on Parker-Hannifin from $960.00 to $1,006.00 and gave the stock a “buy” rating in a research note on Monday, December 8th. Finally, Wells Fargo & Company lifted their price objective on Parker-Hannifin from $840.00 to $925.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Fifteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $911.65.

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.