Wealthcare Advisory Partners LLC Cuts Stock Position in Parker-Hannifin Corporation $PH

Wealthcare Advisory Partners LLC decreased its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 0.3% in the second quarter, Holdings Channel reports. The institutional investor owned 4,759 shares of the industrial products company’s stock after selling 15 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Parker-Hannifin were worth $3,324,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of PH. Checchi Capital Advisers LLC raised its position in shares of Parker-Hannifin by 5.4% in the 2nd quarter. Checchi Capital Advisers LLC now owns 1,456 shares of the industrial products company’s stock worth $1,017,000 after purchasing an additional 74 shares during the last quarter. AMF Tjanstepension AB increased its stake in Parker-Hannifin by 28.2% during the 2nd quarter. AMF Tjanstepension AB now owns 533,895 shares of the industrial products company’s stock valued at $372,991,000 after purchasing an additional 117,511 shares in the last quarter. Quent Capital LLC raised its holdings in Parker-Hannifin by 1.9% in the second quarter. Quent Capital LLC now owns 973 shares of the industrial products company’s stock worth $680,000 after buying an additional 18 shares during the last quarter. QRG Capital Management Inc. raised its holdings in Parker-Hannifin by 272.5% in the second quarter. QRG Capital Management Inc. now owns 38,622 shares of the industrial products company’s stock worth $26,976,000 after buying an additional 28,255 shares during the last quarter. Finally, Life Planning Partners Inc bought a new position in shares of Parker-Hannifin in the second quarter worth approximately $1,233,000. 82.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on PH shares. Raymond James Financial raised their price target on shares of Parker-Hannifin from $735.00 to $845.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Cowen reissued a “hold” rating on shares of Parker-Hannifin in a report on Friday, August 29th. KeyCorp upped their price target on Parker-Hannifin from $790.00 to $810.00 and gave the company an “overweight” rating in a report on Friday, August 8th. Wall Street Zen raised Parker-Hannifin from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. Finally, Evercore ISI reissued an “outperform” rating on shares of Parker-Hannifin in a research report on Tuesday, August 19th. Fourteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Parker-Hannifin presently has an average rating of “Moderate Buy” and a consensus price target of $771.44.

Insider Activity

In other news, EVP Joseph R. Leonti sold 4,625 shares of the company’s stock in a transaction on Monday, August 25th. The stock was 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 in the company, valued at $10,420,157.52. This represents a 25.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Angela R. Ives sold 810 shares of Parker-Hannifin stock in a transaction on Friday, August 8th. The shares were 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 $2,035,153.28. This trade represents a 22.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,039 shares of company stock worth $10,356,566. Company insiders own 0.32% of the company’s stock.

Parker-Hannifin Stock Up 0.7%

PH stock opened at $763.72 on Monday. The company has a market cap of $96.64 billion, a price-to-earnings ratio of 28.16, a P/E/G ratio of 3.16 and a beta of 1.35. 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 business’s 50-day moving average is $747.47 and its two-hundred day moving average is $682.10. Parker-Hannifin Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $779.77.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings results on Thursday, August 7th. The industrial products company reported $7.69 EPS for the quarter, beating the consensus estimate of $7.08 by $0.61. The firm had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.10 billion. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.77 EPS. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, 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 was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Tuesday, September 2nd. Parker-Hannifin’s dividend payout ratio (DPR) is currently 26.55%.

Parker-Hannifin Company 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.