Parker-Hannifin Corporation $PH Shares Sold by Cerity Partners LLC

Cerity Partners LLC lessened its position in Parker-Hannifin Corporation (NYSE:PH) by 2.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 55,454 shares of the industrial products company’s stock after selling 1,121 shares during the period. Cerity Partners LLC’s holdings in Parker-Hannifin were worth $42,040,000 at the end of the most recent reporting period.

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

Insider Activity at Parker-Hannifin

In other news, COO Andrew D. Ross sold 2,488 shares of the business’s stock in a transaction that occurred 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 sale, the chief operating officer directly owned 13,120 shares in the company, valued at approximately $11,739,907.20. The trade was a 15.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 owned 2,580 shares of the company’s stock, valued at $2,230,616.40. The trade was a 57.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 7,432 shares of company stock worth $6,484,116 over the last three months. Company insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Mizuho boosted their target price on shares of Parker-Hannifin from $800.00 to $825.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Barclays raised their target price on Parker-Hannifin from $950.00 to $990.00 and gave the company an “overweight” rating in a report on Wednesday. KeyCorp upped their price target on Parker-Hannifin from $935.00 to $1,050.00 and gave the stock an “overweight” rating in a research note on Tuesday. Citigroup increased their price objective on Parker-Hannifin from $960.00 to $1,006.00 and gave the company a “buy” rating in a report on Monday, December 8th. Finally, Wall Street Zen upgraded Parker-Hannifin from a “hold” rating to a “buy” rating in a report on Saturday, January 3rd. Sixteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $932.11.

Parker-Hannifin Trading Down 0.2%

Shares of Parker-Hannifin stock opened at $906.72 on Friday. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $933.33. The company’s fifty day simple moving average is $860.47 and its 200-day simple moving average is $780.34. The company has a market cap of $114.42 billion, a price-to-earnings ratio of 32.30, a PEG ratio of 3.16 and a beta of 1.25. The company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 0.54.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share for the quarter, beating analysts’ consensus estimates of $6.62 by $0.60. The firm 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 business’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm 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, sell-side analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend 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 25.65%.

About Parker-Hannifin

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.