Parker-Hannifin Corporation $PH is Moran Wealth Management LLC’s 3rd Largest Position

Moran Wealth Management LLC trimmed its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 4.3% in the third quarter, Holdings Channel reports. The fund owned 80,027 shares of the industrial products company’s stock after selling 3,588 shares during the period. Parker-Hannifin accounts for about 1.8% of Moran Wealth Management LLC’s portfolio, making the stock its 3rd biggest position. Moran Wealth Management LLC’s holdings in Parker-Hannifin were worth $60,672,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Interchange Capital Partners LLC acquired a new stake in shares of Parker-Hannifin during the second quarter worth $31,000. State of Wyoming acquired a new position in Parker-Hannifin in the 2nd quarter valued at $38,000. Princeton Global Asset Management LLC raised its position 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 worth $45,000 after buying an additional 23 shares during the last quarter. Sagard Holdings Management Inc. acquired a new stake in shares of Parker-Hannifin in the 2nd quarter worth $46,000. Finally, Financial Consulate Inc. purchased a new stake in shares of Parker-Hannifin in the third quarter valued at about $47,000. Institutional investors and hedge funds own 82.44% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on PH. Barclays raised their price objective on shares of Parker-Hannifin from $950.00 to $990.00 and gave the company an “overweight” rating in a research report on Wednesday. Stifel Nicolaus raised their price target on Parker-Hannifin from $850.00 to $869.00 and gave the company a “hold” rating in a report on Tuesday, December 16th. KeyCorp upped their price objective on Parker-Hannifin from $935.00 to $1,050.00 and gave the stock an “overweight” rating in a report on Tuesday. Robert W. Baird increased their price objective on Parker-Hannifin from $930.00 to $960.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 12th. Finally, Citigroup boosted their target price on shares of Parker-Hannifin from $960.00 to $1,006.00 and gave the stock a “buy” rating in a research report on Monday, December 8th. Sixteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $932.11.

Insider Buying and Selling at Parker-Hannifin

In related news, VP Rachid Bendali sold 1,437 shares of the company’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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Andrew D. Ross sold 2,488 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $894.81, for a total value of $2,226,287.28. Following the sale, the chief operating officer owned 13,120 shares in the company, valued at approximately $11,739,907.20. This trade represents a 15.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 7,432 shares of company stock valued at $6,484,116 over the last quarter. Corporate insiders own 0.32% of the company’s stock.

Parker-Hannifin Stock Performance

Shares of PH stock opened at $908.80 on Thursday. The stock has a fifty day moving average price of $857.80 and a 200 day moving average price of $779.46. 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 stock has a market cap of $114.68 billion, a PE ratio of 32.38, a P/E/G ratio of 3.23 and a beta of 1.25. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $933.33.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share for the quarter, beating analysts’ consensus estimates of $6.62 by $0.60. The business had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $4.94 billion. Parker-Hannifin had a return on equity of 27.23% and a net margin of 18.17%.The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $6.20 earnings per share. 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. Sell-side analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

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

Parker-Hannifin Profile

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.