Vise Technologies Inc. Makes New $2.28 Million Investment in Parker-Hannifin Corporation $PH

Vise Technologies Inc. acquired a new stake in Parker-Hannifin Corporation (NYSE:PH) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,260 shares of the industrial products company’s stock, valued at approximately $2,277,000.

Other large investors also recently modified their holdings of the company. Wealth Preservation Advisors LLC acquired a new position in Parker-Hannifin during the 1st quarter worth $27,000. Saudi Central Bank bought a new stake in shares of Parker-Hannifin during the first quarter worth $31,000. Interchange Capital Partners LLC acquired a new position in shares of Parker-Hannifin during the second quarter valued at $31,000. Accent Capital Management LLC acquired a new position in shares of Parker-Hannifin during the first quarter valued at $41,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its holdings in Parker-Hannifin by 421.4% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 73 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 59 shares during the last quarter. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PH. Stifel Nicolaus cut their target price on shares of Parker-Hannifin from $726.00 to $723.00 and set a “hold” rating on the stock in a research report on Monday, October 20th. Susquehanna reaffirmed a “positive” rating on shares of Parker-Hannifin in a research note on Wednesday. Raymond James Financial lifted their target price on shares of Parker-Hannifin from $735.00 to $845.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Argus reissued a “buy” rating and issued a $900.00 price target on shares of Parker-Hannifin in a research note on Monday. Finally, Citigroup raised their price target on Parker-Hannifin from $831.00 to $874.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Thirteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $852.00.

Insider Transactions at Parker-Hannifin

In other Parker-Hannifin news, EVP Joseph R. Leonti sold 4,625 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $750.84, for a total transaction of $3,472,635.00. Following the sale, the executive vice president directly owned 13,878 shares in the company, valued at approximately $10,420,157.52. This trade represents a 25.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.32% of the company’s stock.

Parker-Hannifin Trading Up 2.1%

Shares of NYSE PH opened at $858.11 on Wednesday. Parker-Hannifin Corporation has a twelve month low of $488.45 and a twelve month high of $866.72. The stock has a market cap of $108.59 billion, a price-to-earnings ratio of 31.64, a P/E/G ratio of 3.21 and a beta of 1.37. 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 company’s fifty day moving average is $762.26 and its 200-day moving average is $717.96.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings data on Thursday, November 6th. The industrial products company reported $7.22 EPS for the quarter, topping the consensus estimate of $6.62 by $0.60. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The business had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $4.94 billion. During the same quarter last year, the business posted $6.20 EPS. 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. FY 2026 guidance at 29.600-30.400 EPS. Equities research analysts predict that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

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

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.