Parker-Hannifin Corporation $PH Shares Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC lessened its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 12.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,269 shares of the industrial products company’s stock after selling 1,178 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Parker-Hannifin were worth $6,269,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Venturi Wealth Management LLC boosted its stake in Parker-Hannifin by 5.3% in the third quarter. Venturi Wealth Management LLC now owns 969 shares of the industrial products company’s stock valued at $735,000 after acquiring an additional 49 shares in the last quarter. Benjamin Edwards Inc. lifted its holdings in shares of Parker-Hannifin by 3.0% in the 3rd quarter. Benjamin Edwards Inc. now owns 4,453 shares of the industrial products company’s stock valued at $3,377,000 after purchasing an additional 131 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Parker-Hannifin by 10.0% in the 3rd quarter. SG Americas Securities LLC now owns 628 shares of the industrial products company’s stock valued at $476,000 after purchasing an additional 57 shares during the period. HB Wealth Management LLC grew its stake in Parker-Hannifin by 8.3% during the 3rd quarter. HB Wealth Management LLC now owns 8,403 shares of the industrial products company’s stock worth $6,371,000 after buying an additional 647 shares during the last quarter. Finally, CX Institutional increased its position in Parker-Hannifin by 39.6% during the third quarter. CX Institutional now owns 4,442 shares of the industrial products company’s stock worth $3,367,000 after buying an additional 1,259 shares during the period. 82.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Rachid Bendali sold 1,437 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $852.99, for a total transaction of $1,225,746.63. Following the transaction, the vice president owned 2,714 shares of the company’s stock, valued at $2,315,014.86. This represents a 34.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Berend Bracht sold 3,507 shares of the stock in a transaction 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 completion of the transaction, the vice president owned 2,580 shares of the company’s stock, valued at $2,230,616.40. The trade was a 57.61% 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 over the last quarter. Company insiders own 0.32% of the company’s stock.

Parker-Hannifin Stock Down 2.1%

Shares of NYSE:PH opened at $908.80 on Thursday. Parker-Hannifin Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $933.33. The company has a quick ratio of 0.61, a current ratio of 1.07 and a debt-to-equity ratio of 0.54. The firm’s 50-day simple moving average is $857.80 and its 200-day simple moving average is $779.46. The company has a market cap of $114.68 billion, a price-to-earnings ratio of 32.38, a PEG 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, beating analysts’ consensus estimates of $6.62 by $0.60. Parker-Hannifin had a net margin of 18.17% and a return on equity of 27.23%. The firm 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 earned $6.20 earnings per share. The firm’s revenue was up 3.7% compared to the same quarter last year. 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 research analysts predict that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Announces Dividend

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

Analysts Set New Price Targets

Several research firms have recently weighed in on PH. Stifel Nicolaus increased their price objective 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 target on shares of Parker-Hannifin from $935.00 to $1,050.00 and gave the company an “overweight” rating in a research report on Tuesday. Robert W. Baird increased their price target on shares of Parker-Hannifin from $930.00 to $960.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 12th. Citigroup lifted their price objective on shares of Parker-Hannifin from $960.00 to $1,006.00 and gave the company a “buy” rating in a research note on Monday, December 8th. Finally, Wall Street Zen upgraded shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a research note on Saturday, January 3rd. Sixteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Parker-Hannifin has an average rating of “Moderate Buy” and a consensus price target of $932.11.

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.