Ridgeline Wealth Planning LLC Buys Shares of 644 Parker-Hannifin Corporation $PH

Ridgeline Wealth Planning LLC purchased a new stake in shares of Parker-Hannifin Corporation (NYSE:PH) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 644 shares of the industrial products company’s stock, valued at approximately $488,000. Parker-Hannifin comprises 0.4% of Ridgeline Wealth Planning LLC’s portfolio, making the stock its 27th largest position.

Several other large investors have also recently made changes to their positions in PH. Quadrant Capital Group LLC grew its holdings in Parker-Hannifin by 20.1% during the 2nd quarter. Quadrant Capital Group LLC now owns 3,610 shares of the industrial products company’s stock worth $2,521,000 after acquiring an additional 604 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Parker-Hannifin in the 2nd quarter valued at $733,000. Procyon Advisors LLC lifted its position in shares of Parker-Hannifin by 158,565.9% during the 3rd quarter. Procyon Advisors LLC now owns 5,069,374 shares of the industrial products company’s stock worth $3,843,346,000 after purchasing an additional 5,066,179 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Parker-Hannifin by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 11,125,240 shares of the industrial products company’s stock worth $7,770,646,000 after purchasing an additional 101,476 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Parker-Hannifin by 0.7% during the second quarter. JPMorgan Chase & Co. now owns 2,075,234 shares of the industrial products company’s stock worth $1,449,496,000 after purchasing an additional 14,534 shares in the last quarter. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Parker-Hannifin Price Performance

PH stock opened at $944.14 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $119.14 billion, a P/E ratio of 33.64, a PEG ratio of 3.28 and a beta of 1.25. The business has a 50 day simple moving average of $877.39 and a 200-day simple moving average of $791.40. Parker-Hannifin Corporation has a twelve month low of $488.45 and a twelve month high of $950.00.

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

Parker-Hannifin Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 7th were issued a dividend of $1.80 per share. 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 (DPR) is currently 25.65%.

Wall Street Analyst Weigh In

PH has been the topic of a number of analyst reports. Susquehanna restated a “positive” rating and issued a $1,000.00 price target on shares of Parker-Hannifin in a research note on Wednesday, November 12th. Robert W. Baird increased their price objective on Parker-Hannifin from $930.00 to $960.00 and gave the company an “outperform” rating in a report on Wednesday, November 12th. Wells Fargo & Company raised their target price on Parker-Hannifin from $925.00 to $1,000.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. Stifel Nicolaus upped 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. Finally, Argus reiterated a “buy” rating and issued a $900.00 price target on shares of Parker-Hannifin in a research note on Monday, November 10th. Seventeen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $946.17.

Insider Buying and Selling

In other Parker-Hannifin news, VP Berend Bracht sold 3,507 shares of Parker-Hannifin stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $864.58, for a total value of $3,032,082.06. Following 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Andrew D. Ross sold 2,488 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief operating officer directly owned 13,120 shares in the company, valued at approximately $11,739,907.20. The trade was a 15.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 7,432 shares of company stock valued at $6,484,116 over the last quarter. 0.32% of the stock is currently owned by insiders.

Parker-Hannifin Company 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.