Premier Path Wealth Partners LLC Acquires 74 Shares of Parker-Hannifin Corporation $PH

Premier Path Wealth Partners LLC raised its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 3.9% during the second quarter, Holdings Channel reports. The fund owned 1,968 shares of the industrial products company’s stock after buying an additional 74 shares during the period. Premier Path Wealth Partners LLC’s holdings in Parker-Hannifin were worth $1,375,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. World Investment Advisors grew its position in Parker-Hannifin by 31.1% during the second quarter. World Investment Advisors now owns 1,581 shares of the industrial products company’s stock valued at $1,104,000 after acquiring an additional 375 shares during the last quarter. Flagship Harbor Advisors LLC lifted its position in Parker-Hannifin by 9.5% in the second quarter. Flagship Harbor Advisors LLC now owns 415 shares of the industrial products company’s stock valued at $290,000 after purchasing an additional 36 shares during the last quarter. Daymark Wealth Partners LLC boosted its stake in shares of Parker-Hannifin by 1.4% during the second quarter. Daymark Wealth Partners LLC now owns 24,547 shares of the industrial products company’s stock valued at $17,145,000 after purchasing an additional 347 shares during the period. Whalen Wealth Management Inc. bought a new position in shares of Parker-Hannifin in the second quarter worth approximately $616,000. Finally, Fire Capital Management LLC purchased a new position in shares of Parker-Hannifin in the second quarter worth $210,000. 82.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Parker-Hannifin

In other news, VP Angela R. Ives sold 810 shares of the business’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $727.36, for a total transaction of $589,161.60. Following the sale, the vice president owned 2,798 shares in the company, valued at approximately $2,035,153.28. The trade was a 22.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Andrew D. Ross sold 4,361 shares of the stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $732.66, for a total transaction of $3,195,130.26. Following the completion of the transaction, the chief operating officer owned 13,120 shares of the company’s stock, valued at approximately $9,612,499.20. The trade was a 24.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 14,039 shares of company stock valued at $10,356,566. Company insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Truist Financial increased their price target on shares of Parker-Hannifin from $822.00 to $910.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Evercore ISI reiterated an “outperform” rating on shares of Parker-Hannifin in a report on Tuesday, August 19th. Mizuho raised their target price on Parker-Hannifin from $800.00 to $825.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Barclays upped their price target on Parker-Hannifin from $776.00 to $785.00 and gave the company an “overweight” rating in a research report on Wednesday, October 1st. Finally, Wells Fargo & Company lifted their price objective on Parker-Hannifin from $800.00 to $840.00 and gave the stock an “overweight” rating in a research report on Monday, October 6th. Fourteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Parker-Hannifin presently has an average rating of “Moderate Buy” and an average price target of $789.67.

Parker-Hannifin Stock Performance

Shares of PH opened at $774.85 on Thursday. The company has a 50-day simple moving average of $753.51 and a two-hundred day simple moving average of $702.25. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71. The firm has a market capitalization of $98.05 billion, a PE ratio of 28.57, a price-to-earnings-growth ratio of 3.17 and a beta of 1.35. Parker-Hannifin Corporation has a one year low of $488.45 and a one year high of $784.38.

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

Parker-Hannifin Dividend Announcement

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

Parker-Hannifin Company Profile

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.