Integrity Alliance LLC. Sells 1,344 Shares of Parker-Hannifin Corporation $PH

Integrity Alliance LLC. reduced its stake in Parker-Hannifin Corporation (NYSE:PH) by 34.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 2,507 shares of the industrial products company’s stock after selling 1,344 shares during the quarter. Integrity Alliance LLC.’s holdings in Parker-Hannifin were worth $1,751,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in PH. Inspire Investing LLC increased its stake in Parker-Hannifin by 5.1% in the 1st quarter. Inspire Investing LLC now owns 12,386 shares of the industrial products company’s stock valued at $7,529,000 after buying an additional 596 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in Parker-Hannifin by 20.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,194 shares of the industrial products company’s stock valued at $1,334,000 after buying an additional 379 shares during the last quarter. Banco Santander S.A. boosted its position in Parker-Hannifin by 70.2% during the first quarter. Banco Santander S.A. now owns 35,645 shares of the industrial products company’s stock valued at $21,667,000 after purchasing an additional 14,705 shares during the last quarter. Citizens Financial Group Inc. RI boosted its position in Parker-Hannifin by 10.6% during the first quarter. Citizens Financial Group Inc. RI now owns 32,935 shares of the industrial products company’s stock valued at $20,020,000 after purchasing an additional 3,147 shares during the last quarter. Finally, Truist Financial Corp boosted its position in Parker-Hannifin by 4.0% during the first quarter. Truist Financial Corp now owns 160,224 shares of the industrial products company’s stock valued at $97,392,000 after purchasing an additional 6,226 shares during the last quarter. 82.44% of the stock is owned by institutional investors.

Insider Activity at Parker-Hannifin

In other news, EVP Joseph R. Leonti sold 4,625 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $750.84, for a total transaction of $3,472,635.00. Following the transaction, the executive vice president owned 13,878 shares in the company, valued at approximately $10,420,157.52. This trade represents a 25.00% 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, COO Andrew D. Ross sold 4,361 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $732.66, for a total value of $3,195,130.26. Following the transaction, the chief operating officer owned 13,120 shares in the company, valued at approximately $9,612,499.20. This trade represents a 24.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 14,039 shares of company stock valued at $10,356,566 in the last 90 days. Corporate insiders own 0.32% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on PH. KeyCorp increased their price target on Parker-Hannifin from $810.00 to $825.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft cut Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price target for the company. in a research report on Thursday, September 4th. Barclays increased their price target on Parker-Hannifin from $776.00 to $785.00 and gave the company an “overweight” rating in a research report on Wednesday, October 1st. Wells Fargo & Company increased their price target on Parker-Hannifin from $800.00 to $840.00 and gave the company an “overweight” rating in a research report on Monday, October 6th. Finally, Raymond James Financial boosted their price objective on shares of Parker-Hannifin from $735.00 to $845.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Thirteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $794.35.

Parker-Hannifin Stock Down 0.2%

Parker-Hannifin stock opened at $772.88 on Friday. The firm has a market capitalization of $97.80 billion, a PE ratio of 28.50, a P/E/G ratio of 3.21 and a beta of 1.35. The company’s 50-day moving average is $754.74 and its 200-day moving average is $704.15. Parker-Hannifin Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $792.53. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings results on Thursday, August 7th. The industrial products company reported $7.69 EPS for the quarter, beating analysts’ consensus estimates of $7.08 by $0.61. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The business had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same quarter in the prior year, the business earned $6.77 EPS. Parker-Hannifin’s quarterly 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 anticipate that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 7th will be paid a dividend of $1.80 per share. 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 26.55%.

About Parker-Hannifin

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.