Sigma Planning Corp Buys 2,063 Shares of Parker-Hannifin Corporation $PH

Sigma Planning Corp boosted its stake in Parker-Hannifin Corporation (NYSE:PH) by 162.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,331 shares of the industrial products company’s stock after acquiring an additional 2,063 shares during the period. Sigma Planning Corp’s holdings in Parker-Hannifin were worth $3,180,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. E Fund Management Co. Ltd. grew its holdings in Parker-Hannifin by 2.1% during the 2nd quarter. E Fund Management Co. Ltd. now owns 477 shares of the industrial products company’s stock worth $467,000 after acquiring an additional 10 shares in the last quarter. Optas LLC increased its position in shares of Parker-Hannifin by 3.1% in the 1st quarter. Optas LLC now owns 370 shares of the industrial products company’s stock worth $331,000 after purchasing an additional 11 shares during the last quarter. Allen Capital Group LLC raised its stake in shares of Parker-Hannifin by 4.8% in the 1st quarter. Allen Capital Group LLC now owns 264 shares of the industrial products company’s stock valued at $236,000 after purchasing an additional 12 shares in the last quarter. Doliver Advisors LP raised its stake in shares of Parker-Hannifin by 0.6% in the 2nd quarter. Doliver Advisors LP now owns 2,011 shares of the industrial products company’s stock valued at $1,967,000 after purchasing an additional 12 shares in the last quarter. Finally, Bullock Wealth Management Group lifted its position in shares of Parker-Hannifin by 1.6% during the third quarter. Bullock Wealth Management Group now owns 754 shares of the industrial products company’s stock worth $728,000 after purchasing an additional 12 shares during the last quarter. 82.44% of the stock is owned by institutional investors and hedge funds.

Parker-Hannifin Stock Up 2.8%

PH stock opened at $905.02 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.26 and a quick ratio of 0.74. Parker-Hannifin Corporation has a 1-year low of $755.10 and a 1-year high of $1,099.94. The firm has a fifty day moving average price of $968.75 and a two-hundred day moving average price of $949.97. The firm has a market cap of $114.13 billion, a price-to-earnings ratio of 31.77, a PEG ratio of 2.45 and a beta of 1.12.

Parker-Hannifin (NYSE:PH) last issued its earnings results on Thursday, August 6th. The industrial products company reported $9.27 earnings per share for the quarter, topping analysts’ consensus estimates of $8.31 by $0.96. Parker-Hannifin had a net margin of 16.97% and a return on equity of 28.48%. The company had revenue of $5.75 billion for the quarter, compared to analysts’ expectations of $5.57 billion. During the same period in the prior year, the company earned $7.69 earnings per share. The firm’s revenue was up 9.8% compared to the same quarter last year. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. Research analysts predict that Parker-Hannifin Corporation will post 35.72 EPS for the current year.

Parker-Hannifin Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Monday, August 31st were given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, August 31st. Parker-Hannifin’s dividend payout ratio is currently 28.08%.

Insiders Place Their Bets

In related news, VP Berend Bracht sold 602 shares of the stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $1,040.47, for a total transaction of $626,362.94. Following the sale, the vice president owned 4,399 shares in the company, valued at $4,577,027.53. This represents a 12.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.35% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

PH has been the subject of a number of research reports. BNP Paribas Exane lifted their price target on Parker-Hannifin from $1,220.00 to $1,270.00 and gave the stock an “outperform” rating in a research note on Friday, September 18th. Raymond James Financial boosted their price objective on Parker-Hannifin from $1,050.00 to $1,250.00 and gave the company an “outperform” rating in a report on Monday, August 10th. UBS Group set a $950.00 price objective on Parker-Hannifin in a research note on Wednesday, October 14th. The Goldman Sachs Group increased their target price on Parker-Hannifin from $1,071.00 to $1,165.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Parker-Hannifin in a report on Thursday, October 15th. Eighteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Parker-Hannifin presently has a consensus rating of “Moderate Buy” and an average target price of $1,146.35.

Parker-Hannifin Company Profile

Parker-Hannifin Corporation is a diversified manufacturer of motion and control technologies and systems. The company serves aerospace, industrial, and other specialized markets with products designed to control the movement and flow of liquids and gases, as well as mechanical motion and power.

Its product portfolio includes hydraulic and pneumatic systems, filtration and process-control equipment, electromechanical technologies, sealing and shielding products, connectors, pumps, valves, and related components.