Nisa Investment Advisors LLC Has $28.55 Million Stock Holdings in Parker-Hannifin Corporation $PH

Nisa Investment Advisors LLC lessened its stake in Parker-Hannifin Corporation (NYSE:PH) by 1.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,876 shares of the industrial products company’s stock after selling 689 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Parker-Hannifin were worth $28,551,000 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. Wealth Preservation Advisors LLC bought a new position in Parker-Hannifin in the 1st quarter worth approximately $27,000. Saudi Central Bank bought a new position in Parker-Hannifin in the 1st quarter worth approximately $31,000. Interchange Capital Partners LLC bought a new stake in shares of Parker-Hannifin during the second quarter worth $31,000. Olde Wealth Management LLC bought a new stake in shares of Parker-Hannifin during the first quarter worth $35,000. Finally, Chilton Capital Management LLC raised its position in shares of Parker-Hannifin by 1,500.0% during the first quarter. Chilton Capital Management LLC now owns 64 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 60 shares during the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Insider Buying and Selling

In other news, VP Thomas C. Gentile sold 1,133 shares of the company’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $729.50, for a total value of $826,523.50. Following the completion of the transaction, the vice president owned 5,465 shares in the company, valued at $3,986,717.50. This represents a 17.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joseph R. Leonti sold 4,625 shares of the company’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $750.84, for a total transaction of $3,472,635.00. Following the completion of the transaction, the executive vice president directly owned 13,878 shares of the company’s stock, valued at approximately $10,420,157.52. The trade was a 25.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,039 shares of company stock valued at $10,356,566. 0.32% of the stock is owned by corporate insiders.

Parker-Hannifin Price Performance

Shares of PH stock opened at $772.86 on Monday. Parker-Hannifin Corporation has a 12-month low of $488.45 and a 12-month high of $779.77. The firm has a market capitalization of $97.80 billion, a price-to-earnings ratio of 28.50, a price-to-earnings-growth ratio of 3.19 and a beta of 1.35. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 0.55. The firm has a fifty day moving average of $751.64 and a 200-day moving average of $698.08.

Parker-Hannifin (NYSE:PH) last posted its earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.08 by $0.61. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The firm had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same period in the previous year, the firm earned $6.77 earnings per share. The company’s revenue was up 1.1% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. On average, equities research analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 7th will be issued a $1.80 dividend. This represents a $7.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, November 7th. Parker-Hannifin’s dividend payout ratio is 26.55%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PH. Weiss Ratings reiterated a “buy (b)” rating on shares of Parker-Hannifin in a research report on Saturday. Raymond James Financial lifted their price target on shares of Parker-Hannifin from $735.00 to $845.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Deutsche Bank Aktiengesellschaft lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 target price for the company. in a report on Thursday, September 4th. Wells Fargo & Company lifted their target price on shares of Parker-Hannifin from $800.00 to $840.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. Finally, Truist Financial lifted their price objective on Parker-Hannifin from $822.00 to $910.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Fourteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $789.67.

About Parker-Hannifin

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to ensure purity and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors used in fluid and gas handling; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.