Tred Avon Family Wealth LLC Invests $1.08 Million in Parker-Hannifin Corporation $PH

Tred Avon Family Wealth LLC bought a new stake in Parker-Hannifin Corporation (NYSE:PH) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,421 shares of the industrial products company’s stock, valued at approximately $1,077,000.

Other institutional investors also recently added to or reduced their stakes in the company. Fidelis Capital Partners LLC boosted its holdings in shares of Parker-Hannifin by 1.3% in the second quarter. Fidelis Capital Partners LLC now owns 1,071 shares of the industrial products company’s stock valued at $747,000 after acquiring an additional 14 shares during the period. Bingham Private Wealth LLC raised its position in Parker-Hannifin by 3.3% in the 2nd quarter. Bingham Private Wealth LLC now owns 472 shares of the industrial products company’s stock valued at $330,000 after purchasing an additional 15 shares during the last quarter. Meadow Creek Wealth Advisors LLC boosted its stake in Parker-Hannifin by 3.6% during the 2nd 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. Valeo Financial Advisors LLC grew its position in 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 worth $1,280,000 after purchasing an additional 15 shares during the last quarter. Finally, Sivia Capital Partners LLC increased its stake in Parker-Hannifin by 3.6% in the second quarter. Sivia Capital Partners LLC now owns 430 shares of the industrial products company’s stock valued at $300,000 after purchasing an additional 15 shares during the period. Institutional investors and hedge funds own 82.44% of the company’s stock.

Parker-Hannifin Stock Down 0.0%

PH stock opened at $944.14 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 0.54. The company’s 50-day moving average price is $877.39 and its 200 day moving average price is $791.40. Parker-Hannifin Corporation has a 52 week low of $488.45 and a 52 week high of $950.00. The company has a market cap of $119.14 billion, a P/E ratio of 33.64, a P/E/G ratio of 3.28 and a beta of 1.25.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.62 by $0.60. The company had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $4.94 billion. Parker-Hannifin had a net margin of 18.17% and a return on equity of 27.23%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the firm earned $6.20 EPS. 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. On average, research analysts expect that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

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

Insider Activity

In other news, VP Berend Bracht sold 3,507 shares of Parker-Hannifin stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $864.58, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Rachid Bendali sold 1,437 shares of the firm’s stock in a transaction 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 transaction, the vice president directly owned 2,714 shares of the company’s stock, valued at $2,315,014.86. The trade was a 34.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 7,432 shares of company stock worth $6,484,116 over the last 90 days. 0.32% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on PH shares. Citigroup reiterated a “buy” rating on shares of Parker-Hannifin in a research note on Monday, January 12th. Robert W. Baird increased their price objective on Parker-Hannifin from $930.00 to $960.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a report on Wednesday, October 8th. Barclays increased their price target on Parker-Hannifin from $950.00 to $990.00 and gave the stock an “overweight” rating in a report on Wednesday, January 7th. Finally, KeyCorp upped their price objective on shares of Parker-Hannifin from $935.00 to $1,050.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 6th. Seventeen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $946.17.

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.