Envestnet Portfolio Solutions Inc. Sells 949 Shares of Parker-Hannifin Corporation $PH

Envestnet Portfolio Solutions Inc. trimmed its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 6.4% during the third quarter, HoldingsChannel reports. The firm owned 13,772 shares of the industrial products company’s stock after selling 949 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Parker-Hannifin were worth $10,442,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Fidelis Capital Partners LLC raised its stake in Parker-Hannifin by 1.3% during the 2nd quarter. Fidelis Capital Partners LLC now owns 1,071 shares of the industrial products company’s stock worth $747,000 after buying an additional 14 shares during the period. High Net Worth Advisory Group LLC increased its holdings in shares of Parker-Hannifin by 0.3% in the third quarter. High Net Worth Advisory Group LLC now owns 4,694 shares of the industrial products company’s stock worth $3,559,000 after acquiring an additional 14 shares in the last quarter. Bingham Private Wealth LLC increased its holdings in shares of Parker-Hannifin by 3.3% in the second quarter. Bingham Private Wealth LLC now owns 472 shares of the industrial products company’s stock worth $330,000 after acquiring an additional 15 shares in the last quarter. Meadow Creek Wealth Advisors LLC raised its position in shares of Parker-Hannifin by 3.6% during the second quarter. Meadow Creek Wealth Advisors LLC now owns 430 shares of the industrial products company’s stock worth $300,000 after purchasing an additional 15 shares during the period. Finally, Valeo Financial Advisors LLC lifted its holdings in shares of Parker-Hannifin by 0.8% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,833 shares of the industrial products company’s stock valued at $1,280,000 after purchasing an additional 15 shares in the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PH. JPMorgan Chase & Co. increased their target price on Parker-Hannifin from $1,050.00 to $1,083.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. Wall Street Zen upgraded shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a report on Monday, January 19th. Robert W. Baird increased their price objective on shares of Parker-Hannifin from $930.00 to $960.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 12th. Wells Fargo & Company boosted their price objective on shares of Parker-Hannifin from $925.00 to $1,000.00 and gave the company an “overweight” rating in a research report on Wednesday, January 7th. Finally, The Goldman Sachs Group upped their target price on shares of Parker-Hannifin from $900.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Seventeen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $950.17.

Insider Activity at Parker-Hannifin

In other Parker-Hannifin news, VP Berend Bracht sold 3,507 shares of the firm’s 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 completion of the transaction, the vice president directly owned 2,580 shares in the company, valued at $2,230,616.40. This trade represents a 57.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 in the company, valued at approximately $2,315,014.86. This represents a 34.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 7,432 shares of company stock valued at $6,484,116. 0.32% of the stock is owned by insiders.

Parker-Hannifin Price Performance

NYSE PH opened at $927.58 on Friday. The firm’s 50 day moving average is $886.56 and its 200-day moving average is $798.60. 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 company has a market capitalization of $117.05 billion, a PE ratio of 33.05, a price-to-earnings-growth ratio of 3.27 and a beta of 1.25. Parker-Hannifin Corporation has a 12-month low of $488.45 and a 12-month high of $954.30.

Parker-Hannifin (NYSE:PH) last released its 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. Parker-Hannifin had a net margin of 18.17% and a return on equity of 27.23%. The business 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 for the quarter 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. 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Friday, February 6th will be issued a $1.80 dividend. The ex-dividend date is Friday, February 6th. This represents a $7.20 annualized dividend and a dividend yield of 0.8%. Parker-Hannifin’s dividend payout ratio (DPR) is presently 25.65%.

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.