863 Shares in Parker-Hannifin Corporation $PH Purchased by M Holdings Securities Inc.

M Holdings Securities Inc. purchased a new stake in Parker-Hannifin Corporation (NYSE:PH – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 863 shares of the industrial products company’s stock, valued at approximately $801,000.

Several other institutional investors have also modified their holdings of the business. Brighton Jones LLC boosted its stake in shares of Parker-Hannifin by 2.0% in the 3rd quarter. Brighton Jones LLC now owns 2,459 shares of the industrial products company’s stock valued at $2,349,000 after buying an additional 48 shares during the period. Candriam S.C.A. increased its stake in shares of Parker-Hannifin by 7.1% during the third quarter. Candriam S.C.A. now owns 75,944 shares of the industrial products company’s stock worth $72,824,000 after buying an additional 5,016 shares during the period. StoneX Group Inc. increased its stake in shares of Parker-Hannifin by 1.9% during the third quarter. StoneX Group Inc. now owns 2,209 shares of the industrial products company’s stock worth $2,110,000 after buying an additional 42 shares during the period. Pegasus Asset Management Inc. raised its holdings in Parker-Hannifin by 0.8% in the third quarter. Pegasus Asset Management Inc. now owns 15,046 shares of the industrial products company’s stock valued at $14,375,000 after acquiring an additional 117 shares in the last quarter. Finally, Plancorp LLC raised its holdings in Parker-Hannifin by 5.6% in the third quarter. Plancorp LLC now owns 226 shares of the industrial products company’s stock valued at $203,000 after acquiring an additional 12 shares in the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wells Fargo & Company started coverage on shares of Parker-Hannifin in a research note on Thursday, September 24th. They issued an “equal weight” rating and a $1,050.00 price target for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a research report on Thursday, October 15th. Truist Financial raised their price objective on shares of Parker-Hannifin from $1,269.00 to $1,358.00 and gave the company a “buy” rating in a report on Friday, August 7th. Raymond James Financial lifted their price objective on shares of Parker-Hannifin from $1,050.00 to $1,250.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Finally, UBS Group set a $950.00 price objective on shares of Parker-Hannifin in a research report on Wednesday, October 14th. Eighteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,146.35.

View Our Latest Research Report on PH

Insider Activity at Parker-Hannifin

In related news, VP Berend Bracht sold 602 shares of the stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $1,040.47, for a total value of $626,362.94. Following the transaction, the vice president directly owned 4,399 shares of the company’s stock, valued at $4,577,027.53. This trade represents a 12.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.35% of the stock is owned by company insiders.

Parker-Hannifin Price Performance

Shares of NYSE PH opened at $964.17 on Wednesday. The stock’s 50-day simple moving average is $945.24 and its 200-day simple moving average is $949.42. The firm has a market capitalization of $121.59 billion, a PE ratio of 33.11, a price-to-earnings-growth ratio of 2.26 and a beta of 1.15. Parker-Hannifin Corporation has a fifty-two week low of $806.22 and a fifty-two week high of $1,099.94. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.55 and a current ratio of 0.94.

Parker-Hannifin (NYSE:PH – Get Free Report) last announced its quarterly earnings results on Thursday, November 5th. The industrial products company reported $8.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.21 by $0.69. The firm had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.81 billion. Parker-Hannifin had a return on equity of 28.80% and a net margin of 16.62%. The firm’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same period in the prior year, the company posted $7.22 earnings per share. Parker-Hannifin has set its FY 2027 guidance at 36.450-37.250 EPS. As a group, equities research analysts forecast that Parker-Hannifin Corporation will post 37.04 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 13th will be issued a $2.00 dividend. The ex-dividend date is Friday, November 13th. This represents a $8.00 annualized dividend and a dividend yield of 0.8%. Parker-Hannifin’s dividend payout ratio is presently 27.47%.

Parker-Hannifin Company Profile

(Free Report)

Parker-Hannifin is a global manufacturer of motion and control technologies. Its products include hydraulic and pneumatic systems, fluid connectors, filtration and sealing products, electromechanical components, and systems for aerospace and climate control applications. The company serves customers across industries such as aerospace, manufacturing, transportation, energy, and life sciences. Its operations span markets around the world, with businesses organized around industrial and aerospace products and services.

See Also

Institutional Ownership by Quarter for Parker-Hannifin (NYSE:PH)

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