B. Riley Wealth Advisors Inc. Buys New Shares in Parker-Hannifin Corporation $PH

B. Riley Wealth Advisors Inc. purchased a new position in Parker-Hannifin Corporation (NYSE:PH) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,304 shares of the industrial products company’s stock, valued at approximately $911,000.

Several other institutional investors and hedge funds have also recently modified their holdings of PH. Advisory Services Network LLC grew its position in shares of Parker-Hannifin by 16.4% during the second quarter. Advisory Services Network LLC now owns 4,886 shares of the industrial products company’s stock worth $3,576,000 after purchasing an additional 690 shares in the last quarter. State of Wyoming bought a new position in Parker-Hannifin in the 2nd quarter worth approximately $38,000. Asset Dedication LLC grew its holdings in Parker-Hannifin by 11.1% during the 2nd quarter. Asset Dedication LLC now owns 688 shares of the industrial products company’s stock valued at $481,000 after buying an additional 69 shares in the last quarter. Tyler Stone Wealth Management raised its position in shares of Parker-Hannifin by 1.4% during the second quarter. Tyler Stone Wealth Management now owns 27,779 shares of the industrial products company’s stock valued at $19,403,000 after buying an additional 378 shares during the last quarter. Finally, Nomura Holdings Inc. raised its position in shares of Parker-Hannifin by 1,133.0% during the second quarter. Nomura Holdings Inc. now owns 50,022 shares of the industrial products company’s stock valued at $34,939,000 after buying an additional 45,965 shares during the last quarter. 82.44% of the stock is currently owned by institutional investors.

Insider Activity at Parker-Hannifin

In related news, 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 transaction of $1,225,746.63. Following the completion of the sale, the vice president directly owned 2,714 shares in the company, valued at approximately $2,315,014.86. This trade represents a 34.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Berend Bracht sold 3,507 shares of the company’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $864.58, for a total value of $3,032,082.06. Following the completion of the transaction, the vice president directly owned 2,580 shares in the company, valued at approximately $2,230,616.40. This trade represents a 57.61% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 7,432 shares of company stock valued at $6,484,116. 0.32% of the stock is owned by corporate insiders.

Parker-Hannifin Trading Down 0.1%

NYSE PH opened at $883.70 on Tuesday. Parker-Hannifin Corporation has a 52 week low of $488.45 and a 52 week high of $908.35. The company has a 50 day moving average price of $810.26 and a 200 day moving average price of $753.25. The company has a quick ratio of 0.61, a current ratio of 1.07 and a debt-to-equity ratio of 0.54. The firm has a market cap of $111.51 billion, a PE ratio of 31.48, a price-to-earnings-growth ratio of 3.08 and a beta of 1.25.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data on Thursday, November 6th. The industrial products company reported $7.22 EPS for the quarter, topping the consensus estimate of $6.62 by $0.60. Parker-Hannifin had a net margin of 18.17% and a return on equity of 27.23%. The business had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $4.94 billion. During the same period in the previous year, the firm posted $6.20 earnings per share. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 29.600-30.400 EPS and its FY 2026 guidance at 29.600-30.400 EPS. As a group, sell-side analysts forecast that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 7th were given a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, November 7th. Parker-Hannifin’s dividend payout ratio is 25.65%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on PH shares. BNP Paribas assumed coverage on Parker-Hannifin in a report on Thursday, December 4th. They issued an “outperform” rating and a $1,020.00 target price on the stock. Robert W. Baird lifted their price objective on Parker-Hannifin from $930.00 to $960.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 12th. Barclays upped their price objective on Parker-Hannifin from $906.00 to $950.00 and gave the stock an “overweight” rating in a report on Thursday, December 4th. Truist Financial reissued a “buy” rating and issued a $977.00 target price (up from $910.00) on shares of Parker-Hannifin in a report on Friday, November 7th. Finally, Mizuho upped their price target on shares of Parker-Hannifin from $800.00 to $825.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Fourteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $889.50.

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.