Ferguson Wellman Capital Management Inc. Has $94.70 Million Position in Parker-Hannifin Corporation $PH

Ferguson Wellman Capital Management Inc. decreased its stake in Parker-Hannifin Corporation (NYSE:PH) by 26.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 124,908 shares of the industrial products company’s stock after selling 43,920 shares during the period. Parker-Hannifin accounts for about 1.5% of Ferguson Wellman Capital Management Inc.’s holdings, making the stock its 19th biggest holding. Ferguson Wellman Capital Management Inc.’s holdings in Parker-Hannifin were worth $94,699,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Quadrant Capital Group LLC increased its position in shares of Parker-Hannifin by 20.1% during the second quarter. Quadrant Capital Group LLC now owns 3,610 shares of the industrial products company’s stock worth $2,521,000 after acquiring an additional 604 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Parker-Hannifin during the 2nd quarter valued at about $733,000. Inspire Investing LLC increased its holdings in Parker-Hannifin by 5.1% during the 1st quarter. Inspire Investing LLC now owns 12,386 shares of the industrial products company’s stock worth $7,529,000 after purchasing an additional 596 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in Parker-Hannifin by 20.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,194 shares of the industrial products company’s stock worth $1,334,000 after purchasing an additional 379 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Parker-Hannifin by 0.9% in the second quarter. Vanguard Group Inc. now owns 11,125,240 shares of the industrial products company’s stock worth $7,770,646,000 after purchasing an additional 101,476 shares during the last quarter. 82.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on PH shares. Weiss Ratings restated a “buy (b)” rating on shares of Parker-Hannifin in a report on Wednesday, October 8th. Citigroup raised their price objective on Parker-Hannifin from $960.00 to $1,006.00 and gave the company a “buy” rating in a research note on Monday, December 8th. Mizuho upped their target price on shares of Parker-Hannifin from $800.00 to $825.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. The Goldman Sachs Group increased their target price on shares of Parker-Hannifin from $900.00 to $1,000.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. Finally, Wells Fargo & Company boosted their price target on shares of Parker-Hannifin from $925.00 to $1,000.00 and gave the stock an “overweight” rating in a report on Wednesday. Sixteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $932.11.

Parker-Hannifin Trading Down 0.2%

NYSE PH opened at $906.72 on Friday. The business’s fifty day moving average is $860.47 and its 200-day moving average is $780.34. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.07 and a quick ratio of 0.61. The stock has a market capitalization of $114.42 billion, a price-to-earnings ratio of 32.30, a PEG ratio of 3.16 and a beta of 1.25. Parker-Hannifin Corporation has a one year low of $488.45 and a one year high of $933.33.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data on Thursday, November 6th. The industrial products company reported $7.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.62 by $0.60. The business had revenue of $5.08 billion during 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 firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the company posted $6.20 earnings per share. 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. Equities research analysts predict that Parker-Hannifin Corporation will post 26.71 EPS for the current 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 issued a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, November 7th. Parker-Hannifin’s payout ratio is 25.65%.

Insider Activity at Parker-Hannifin

In other news, COO Andrew D. Ross sold 2,488 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $894.81, for a total transaction of $2,226,287.28. Following the transaction, the chief operating officer owned 13,120 shares of the company’s stock, valued at $11,739,907.20. This represents a 15.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Berend Bracht sold 3,507 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $864.58, for a total value of $3,032,082.06. Following the transaction, the vice president owned 2,580 shares of the company’s stock, valued at $2,230,616.40. The trade was a 57.61% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 7,432 shares of company stock worth $6,484,116. Insiders own 0.32% of the company’s stock.

Parker-Hannifin Company 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.