Parker-Hannifin Corporation $PH Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC cut its stake in Parker-Hannifin Corporation (NYSE:PH) by 27.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 29,769 shares of the industrial products company’s stock after selling 11,110 shares during the period. Calamos Advisors LLC’s holdings in Parker-Hannifin were worth $22,569,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Interchange Capital Partners LLC bought a new position in Parker-Hannifin during the 2nd quarter valued at $31,000. State of Wyoming acquired a new stake in shares of Parker-Hannifin in the second quarter valued at $38,000. Princeton Global Asset Management LLC boosted its stake in Parker-Hannifin by 56.1% during the second quarter. Princeton Global Asset Management LLC now owns 64 shares of the industrial products company’s stock valued at $45,000 after buying an additional 23 shares in the last quarter. Sagard Holdings Management Inc. acquired a new position in Parker-Hannifin during the second quarter worth about $46,000. Finally, NewSquare Capital LLC grew its holdings in Parker-Hannifin by 62.2% during the second quarter. NewSquare Capital LLC now owns 73 shares of the industrial products company’s stock worth $51,000 after acquiring an additional 28 shares during the period. Institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Stock Down 0.2%

Shares of NYSE:PH opened at $888.70 on Wednesday. The firm has a 50 day simple moving average of $841.79 and a 200 day simple moving average of $769.97. Parker-Hannifin Corporation has a 52 week low of $488.45 and a 52 week high of $908.35. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.61 and a current ratio of 1.07. The company has a market cap of $112.14 billion, a PE ratio of 31.66, a price-to-earnings-growth ratio of 3.10 and a beta of 1.25.

Parker-Hannifin (NYSE:PH) last announced its 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. The company had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $4.94 billion. Parker-Hannifin had a net margin of 18.17% and a return on equity of 27.23%. The company’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the business earned $6.20 EPS. 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, research analysts expect that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 7th were given a dividend of $1.80 per share. The ex-dividend date was Friday, November 7th. This represents a $7.20 dividend on an annualized basis and a yield of 0.8%. Parker-Hannifin’s dividend payout ratio (DPR) is presently 25.65%.

Insiders Place Their Bets

In other news, VP Rachid Bendali sold 1,437 shares of the stock in a transaction that occurred on 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 completion of the sale, the vice president directly owned 2,714 shares of the company’s stock, valued at $2,315,014.86. This 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 can be accessed through this link. Also, COO Andrew D. Ross sold 2,488 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $894.81, for a total transaction of $2,226,287.28. Following the transaction, the chief operating officer directly owned 13,120 shares in the company, valued at $11,739,907.20. The trade was a 15.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 7,432 shares of company stock worth $6,484,116. 0.32% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

PH has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft downgraded shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price target for the company. in a report on Thursday, September 4th. Susquehanna reissued a “positive” rating and set a $1,000.00 target price on shares of Parker-Hannifin in a research note on Wednesday, November 12th. Mizuho raised their target price on shares of Parker-Hannifin from $800.00 to $825.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Robert W. Baird upped their price target on Parker-Hannifin from $930.00 to $960.00 and gave the company an “outperform” rating in a report on Wednesday, November 12th. Finally, Argus reissued a “buy” rating and set a $900.00 price objective on shares of Parker-Hannifin in a research note on Monday, November 10th. Fifteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $911.65.

Parker-Hannifin Profile

Parker-Hannifin Corporation (NYSE: PH) is a global manufacturer and provider of motion and control technologies and systems. The company designs, manufactures and services a broad range of engineered components and systems used to control the movement and flow of liquids, gases and hydraulic power. Its product portfolio is applied across demanding environments and includes solutions for industrial manufacturing, aerospace, mobile equipment and other engineered applications.

Parker-Hannifin’s product and service offerings span hydraulic and pneumatic components, fittings and fluid connectors, valves, pumps and motors, electromechanical actuators and motion-control systems, filtration and separation products, and seals and sealing systems.