HBK Sorce Advisory LLC Has $7.25 Million Holdings in Parker-Hannifin Corporation $PH

HBK Sorce Advisory LLC lessened its stake in Parker-Hannifin Corporation (NYSE:PH) by 0.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,382 shares of the industrial products company’s stock after selling 18 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Parker-Hannifin were worth $7,252,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Parker-Hannifin by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 11,023,764 shares of the industrial products company’s stock valued at $6,700,795,000 after purchasing an additional 168,990 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Parker-Hannifin by 52.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,443,104 shares of the industrial products company’s stock valued at $1,485,042,000 after purchasing an additional 842,262 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Parker-Hannifin by 11.6% during the 1st quarter. Wellington Management Group LLP now owns 2,009,250 shares of the industrial products company’s stock valued at $1,221,323,000 after purchasing an additional 208,573 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Parker-Hannifin by 0.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,594,347 shares of the industrial products company’s stock valued at $969,124,000 after purchasing an additional 11,815 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in Parker-Hannifin during the 1st quarter valued at $933,089,000. Institutional investors and hedge funds own 82.44% of the company’s stock.

Insider Buying and Selling

In related news, VP Angela R. Ives sold 810 shares of the firm’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $727.36, for a total value of $589,161.60. Following the transaction, the vice president owned 2,798 shares in the company, valued at approximately $2,035,153.28. This trade represents a 22.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Thomas C. Gentile sold 1,133 shares of Parker-Hannifin stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $729.50, for a total value of $826,523.50. Following the completion of the transaction, the vice president owned 5,465 shares in the company, valued at approximately $3,986,717.50. This represents a 17.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 14,039 shares of company stock valued at $10,356,566 in the last ninety days. Insiders own 0.32% of the company’s stock.

Parker-Hannifin Stock Up 1.0%

Shares of NYSE PH opened at $774.85 on Thursday. 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 Corporation has a 52 week low of $488.45 and a 52 week high of $784.38. The stock has a market capitalization of $98.05 billion, a P/E ratio of 28.57, a PEG ratio of 3.17 and a beta of 1.35. The stock’s fifty day moving average is $753.51 and its 200 day moving average is $702.25.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings results on Thursday, August 7th. The industrial products company reported $7.69 EPS for the quarter, topping analysts’ consensus estimates of $7.08 by $0.61. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The company had revenue of $5.24 billion for the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter last year, the business earned $6.77 earnings per share. Parker-Hannifin’s revenue was up 1.1% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Sell-side analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 7th will be given a $1.80 dividend. The ex-dividend date is Friday, November 7th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.9%. Parker-Hannifin’s dividend payout ratio (DPR) is presently 26.55%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Citigroup raised their price target on Parker-Hannifin from $831.00 to $874.00 and gave the company a “buy” rating in a report on Thursday, October 9th. KeyCorp raised their price target on Parker-Hannifin from $810.00 to $825.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Parker-Hannifin in a research report on Wednesday, October 8th. Wells Fargo & Company increased their price objective on Parker-Hannifin from $800.00 to $840.00 and gave the stock an “overweight” rating in a research report on Monday, October 6th. Finally, Stifel Nicolaus lowered their price objective on Parker-Hannifin from $726.00 to $723.00 and set a “hold” rating on the stock in a research report on Monday, October 20th. Fourteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $789.67.

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.