Pinnacle Financial Partners Inc Trims Stock Position in Parker-Hannifin Corporation $PH

Pinnacle Financial Partners Inc reduced its stake in Parker-Hannifin Corporation (NYSE:PH) by 34.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,172 shares of the industrial products company’s stock after selling 1,137 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in Parker-Hannifin were worth $1,647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Reliant Investment Partners LLC grew its position in Parker-Hannifin by 2.6% in the third quarter. Reliant Investment Partners LLC now owns 794 shares of the industrial products company’s stock worth $606,000 after acquiring an additional 20 shares in the last quarter. Ritholtz Wealth Management lifted its stake in Parker-Hannifin by 12.8% during the third quarter. Ritholtz Wealth Management now owns 2,156 shares of the industrial products company’s stock worth $1,635,000 after purchasing an additional 245 shares during the last quarter. Jackson Hole Capital Partners LLC purchased a new position in shares of Parker-Hannifin in the 3rd quarter worth about $208,000. BXM Wealth LLC boosted its stake in Parker-Hannifin by 78.2% in the third quarter. BXM Wealth LLC now owns 661 shares of the industrial products company’s stock worth $501,000 after buying an additional 290 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of Parker-Hannifin by 4.5% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 25,810 shares of the industrial products company’s stock worth $19,568,000 after acquiring an additional 1,100 shares during the last quarter. Institutional investors own 82.44% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on PH. Wall Street Zen lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Sunday, January 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Parker-Hannifin in a research report on Wednesday, October 8th. Stifel Nicolaus boosted their price target on shares of Parker-Hannifin from $850.00 to $869.00 and gave the company a “hold” rating in a research report on Tuesday, December 16th. Barclays upped their target price 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 lifted their price target on Parker-Hannifin from $935.00 to $1,050.00 and gave the company 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 given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $946.17.

Parker-Hannifin Stock Performance

Shares of Parker-Hannifin stock opened at $944.14 on Friday. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $950.00. The firm’s 50-day moving average is $877.39 and its 200 day moving average is $791.40. The stock has a market cap of $119.14 billion, a price-to-earnings ratio of 33.64, a PEG ratio of 3.28 and a beta of 1.25. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.07 and a quick ratio of 0.61.

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, beating analysts’ consensus estimates of $6.62 by $0.60. The business had revenue of $5.08 billion during the quarter, compared to analyst estimates of $4.94 billion. Parker-Hannifin had a net margin of 18.17% and a return on equity of 27.23%. Parker-Hannifin’s revenue was up 3.7% compared to the same quarter last year. During the same period last year, the business 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. Sell-side analysts anticipate that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

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

Insider Activity at Parker-Hannifin

In other news, COO Andrew D. Ross sold 2,488 shares of Parker-Hannifin stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $894.81, for a total value of $2,226,287.28. Following the completion of the sale, the chief operating officer directly owned 13,120 shares in the company, valued at $11,739,907.20. The trade was a 15.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Rachid Bendali sold 1,437 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $852.99, for a total transaction of $1,225,746.63. Following the completion of the sale, the vice president owned 2,714 shares in the company, valued at $2,315,014.86. This represents a 34.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 7,432 shares of company stock valued at $6,484,116 over the last ninety days. Insiders own 0.32% of the company’s stock.

Parker-Hannifin Company 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.