Wealth Alliance LLC Sells 247 Shares of Parker-Hannifin Corporation $PH

Wealth Alliance LLC decreased its stake in Parker-Hannifin Corporation (NYSE:PH) by 22.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 842 shares of the industrial products company’s stock after selling 247 shares during the period. Wealth Alliance LLC’s holdings in Parker-Hannifin were worth $588,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of PH. KBC Group NV boosted its stake in shares of Parker-Hannifin by 4.9% in the 2nd quarter. KBC Group NV now owns 47,697 shares of the industrial products company’s stock valued at $33,315,000 after purchasing an additional 2,214 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in Parker-Hannifin by 20.7% during the 2nd quarter. SBI Securities Co. Ltd. now owns 111 shares of the industrial products company’s stock valued at $78,000 after purchasing an additional 19 shares during the last quarter. Ironwood Investment Counsel LLC acquired a new position in Parker-Hannifin in the second quarter valued at about $382,000. Davidson Capital Management Inc. grew its stake in Parker-Hannifin by 2.5% during the second quarter. Davidson Capital Management Inc. now owns 4,971 shares of the industrial products company’s stock worth $3,472,000 after buying an additional 119 shares during the last quarter. Finally, CENTRAL TRUST Co increased its holdings in shares of Parker-Hannifin by 2.3% during the second quarter. CENTRAL TRUST Co now owns 4,491 shares of the industrial products company’s stock worth $3,137,000 after buying an additional 100 shares in the last quarter. 82.44% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Joseph R. Leonti sold 4,625 shares of the company’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $750.84, for a total value 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. This represents a 25.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.32% of the company’s stock.

Parker-Hannifin Trading Up 0.0%

PH traded up $0.01 during midday trading on Thursday, reaching $854.33. 39,854 shares of the company were exchanged, compared to its average volume of 706,974. The stock has a market capitalization of $108.11 billion, a P/E ratio of 31.48, a PEG ratio of 3.21 and a beta of 1.37. Parker-Hannifin Corporation has a one year low of $488.45 and a one year high of $869.36. The stock’s 50-day simple moving average is $764.38 and its 200 day simple moving average is $718.91. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings data on Thursday, November 6th. The industrial products company reported $7.22 earnings per share for the quarter, topping the consensus estimate of $6.62 by $0.60. The business had revenue of $5.08 billion for the quarter, compared to analyst estimates of $4.94 billion. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. Parker-Hannifin’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm earned $6.20 EPS. Parker-Hannifin has set its FY 2026 guidance at 29.600-30.400 EPS. FY 2026 guidance at 29.600-30.400 EPS. As a group, analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Mizuho raised their price target on Parker-Hannifin from $800.00 to $825.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Stifel Nicolaus decreased their target price on Parker-Hannifin from $726.00 to $723.00 and set a “hold” rating on the stock in a report on Monday, October 20th. Cowen reaffirmed a “hold” rating on shares of Parker-Hannifin in a report on Friday, August 29th. Robert W. Baird upped their price target on shares of Parker-Hannifin from $930.00 to $960.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Parker-Hannifin in a research report on Wednesday, October 8th. Fourteen investment 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 company has an average rating of “Moderate Buy” and a consensus target price of $860.71.

Parker-Hannifin 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.