Inspire Advisors LLC Invests $709,000 in Parker-Hannifin Corporation $PH

Inspire Advisors LLC purchased a new stake in Parker-Hannifin Corporation (NYSE:PH) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,015 shares of the industrial products company’s stock, valued at approximately $709,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fidelis Capital Partners LLC grew its holdings in Parker-Hannifin by 1.3% during the 2nd quarter. Fidelis Capital Partners LLC now owns 1,071 shares of the industrial products company’s stock valued at $747,000 after buying an additional 14 shares in the last quarter. Cascade Financial Partners LLC lifted its holdings in shares of Parker-Hannifin by 3.1% in the first quarter. Cascade Financial Partners LLC now owns 498 shares of the industrial products company’s stock worth $303,000 after buying an additional 15 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its stake in Parker-Hannifin by 0.8% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,814 shares of the industrial products company’s stock valued at $1,103,000 after acquiring an additional 15 shares in the last quarter. Bingham Private Wealth LLC increased its holdings in Parker-Hannifin by 3.3% during the 2nd quarter. Bingham Private Wealth LLC now owns 472 shares of the industrial products company’s stock worth $330,000 after acquiring an additional 15 shares during the period. Finally, Meadow Creek Wealth Advisors LLC increased its holdings in Parker-Hannifin by 3.6% during the 2nd quarter. Meadow Creek Wealth Advisors LLC now owns 430 shares of the industrial products company’s stock worth $300,000 after acquiring an additional 15 shares during the period. 82.44% of the stock is currently owned by institutional investors.

Insider Activity

In other Parker-Hannifin news, EVP Joseph R. Leonti sold 4,625 shares of the business’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 sale, the executive vice president directly owned 13,878 shares of the company’s stock, valued at $10,420,157.52. The trade was a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Rachid Bendali sold 1,437 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $852.99, for a total value of $1,225,746.63. Following the transaction, the vice president directly owned 2,714 shares in the company, valued at $2,315,014.86. This trade represents a 34.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 9,569 shares of company stock valued at $7,730,464. Corporate insiders own 0.32% of the company’s stock.

Parker-Hannifin Trading Down 0.5%

NYSE PH opened at $816.88 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 0.55. The stock’s 50-day simple moving average is $770.01 and its two-hundred day simple moving average is $725.92. Parker-Hannifin Corporation has a twelve month low of $488.45 and a twelve month high of $869.36. The company has a market capitalization of $103.08 billion, a price-to-earnings ratio of 30.12, a PEG ratio of 3.21 and a beta of 1.37.

Parker-Hannifin (NYSE:PH) last announced 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 company had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $4.94 billion. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.Parker-Hannifin’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the firm posted $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. Research analysts forecast that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 7th will be issued a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, November 7th. Parker-Hannifin’s payout ratio is presently 25.65%.

Wall Street Analyst Weigh In

Several brokerages have commented on PH. Robert W. Baird raised their price target on shares of Parker-Hannifin from $930.00 to $960.00 and gave the company an “outperform” rating in a report on Wednesday, November 12th. Wall Street Zen raised Parker-Hannifin from a “hold” rating to a “buy” rating in a research note on Saturday, September 20th. Mizuho upped their target price on Parker-Hannifin from $800.00 to $825.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Evercore ISI reaffirmed an “outperform” rating on shares of Parker-Hannifin in a report on Tuesday, August 19th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a report on Wednesday, October 8th. Fourteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Parker-Hannifin currently has a consensus rating of “Moderate Buy” and a consensus price target 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.