Perennial Investment Advisors LLC Has $242,000 Stake in Parker-Hannifin Corporation $PH

Perennial Investment Advisors LLC lowered its holdings in Parker-Hannifin Corporation (NYSE:PH) by 16.2% during the second quarter, Holdings Channel.com reports. The firm owned 347 shares of the industrial products company’s stock after selling 67 shares during the period. Perennial Investment Advisors LLC’s holdings in Parker-Hannifin were worth $242,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Wealth Preservation Advisors LLC acquired a new stake in Parker-Hannifin in the 1st quarter valued at about $27,000. Saudi Central Bank bought a new stake in shares of Parker-Hannifin during the first quarter valued at approximately $31,000. Interchange Capital Partners LLC acquired a new stake in shares of Parker-Hannifin in the second quarter valued at approximately $31,000. Accent Capital Management LLC bought a new position in Parker-Hannifin in the 1st quarter worth approximately $41,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its holdings in Parker-Hannifin by 421.4% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 73 shares of the industrial products company’s stock worth $44,000 after buying an additional 59 shares in the last quarter. 82.44% of the stock is owned by institutional investors.

Insider Activity

In related 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 completion of the sale, the executive vice president directly owned 13,878 shares of the company’s stock, valued at approximately $10,420,157.52. This represents a 25.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Berend Bracht sold 3,507 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $864.58, for a total transaction of $3,032,082.06. Following the completion of the transaction, the vice president owned 2,580 shares of the company’s stock, valued at $2,230,616.40. This trade represents a 57.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 9,569 shares of company stock worth $7,730,464 in the last 90 days. Corporate insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Barclays lifted their target price on Parker-Hannifin from $785.00 to $906.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Raymond James Financial lifted their price objective on Parker-Hannifin from $735.00 to $845.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Cowen restated a “hold” rating on shares of Parker-Hannifin in a research report on Friday, August 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Parker-Hannifin in a research note on Wednesday, October 8th. Finally, KeyCorp increased their price objective on shares of Parker-Hannifin from $825.00 to $935.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Fourteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $860.71.

Parker-Hannifin Stock Up 0.5%

Shares of NYSE:PH opened at $821.08 on Thursday. The company has a 50 day moving average price of $771.12 and a two-hundred day moving average price of $726.59. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19. The company has a market capitalization of $103.61 billion, a PE ratio of 30.28, a PEG ratio of 3.21 and a beta of 1.37. Parker-Hannifin Corporation has a 52 week low of $488.45 and a 52 week high of $869.36.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.62 by $0.60. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The company had revenue of $5.08 billion during the quarter, compared to analyst estimates of $4.94 billion. During the same quarter in the previous year, the business earned $6.20 EPS. The firm’s revenue was up 3.7% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 29.600-30.400 EPS. FY 2026 guidance at 29.600-30.400 EPS. Analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 7th will be given a dividend of $1.80 per share. The ex-dividend date of this dividend 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 currently 25.65%.

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.