Geneos Wealth Management Inc. Lowers Holdings in Parker-Hannifin Corporation $PH

Geneos Wealth Management Inc. trimmed its position in Parker-Hannifin Corporation (NYSE:PH) by 72.0% in the 3rd quarter, Holdings Channel reports. The firm owned 636 shares of the industrial products company’s stock after selling 1,637 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Parker-Hannifin were worth $482,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in Parker-Hannifin during the second quarter valued at $1,352,509,000. Canada Pension Plan Investment Board increased its stake in Parker-Hannifin by 115.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 367,904 shares of the industrial products company’s stock worth $256,970,000 after acquiring an additional 197,317 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of Parker-Hannifin by 9.1% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,639,582 shares of the industrial products company’s stock valued at $1,145,199,000 after acquiring an additional 136,359 shares in the last quarter. Lazard Freres Gestion S.A.S. bought a new stake in shares of Parker-Hannifin during the 3rd quarter valued at about $103,284,000. Finally, AMF Tjanstepension AB grew its holdings in shares of Parker-Hannifin by 28.2% during the second quarter. AMF Tjanstepension AB now owns 533,895 shares of the industrial products company’s stock worth $372,991,000 after purchasing an additional 117,511 shares in the last quarter. Institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Stock Performance

NYSE PH opened at $922.18 on Friday. The company has a 50-day simple moving average of $863.45 and a two-hundred day simple moving average of $782.88. The company has a quick ratio of 0.61, a current ratio of 1.07 and a debt-to-equity ratio of 0.54. Parker-Hannifin Corporation has a 12-month low of $488.45 and a 12-month high of $933.33. The firm has a market cap of $116.37 billion, a price-to-earnings ratio of 32.85, a PEG ratio of 3.20 and a beta of 1.25.

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

Parker-Hannifin Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on PH shares. KeyCorp raised their target price on shares of Parker-Hannifin from $935.00 to $1,050.00 and gave the company an “overweight” rating in a research note on Tuesday. The Goldman Sachs Group raised their price objective on shares of Parker-Hannifin from $900.00 to $1,000.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. Susquehanna reiterated a “positive” rating and issued a $1,000.00 target price on shares of Parker-Hannifin in a research report on Wednesday, November 12th. JPMorgan Chase & Co. started coverage on Parker-Hannifin in a research report on Tuesday, January 6th. They set an “overweight” rating and a $1,050.00 price target on the stock. Finally, BNP Paribas began coverage on Parker-Hannifin in a research note on Thursday, December 4th. They set an “outperform” rating and a $1,020.00 price target for the company. Sixteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $932.11.

Insider Activity

In other news, COO Andrew D. Ross sold 2,488 shares of the firm’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 value of $2,226,287.28. Following the transaction, the chief operating officer owned 13,120 shares in the company, valued at approximately $11,739,907.20. This trade represents a 15.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Rachid Bendali sold 1,437 shares of Parker-Hannifin stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $852.99, for a total transaction of $1,225,746.63. Following the completion of the transaction, the vice president directly owned 2,714 shares in the company, valued at approximately $2,315,014.86. The trade was a 34.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 7,432 shares of company stock valued at $6,484,116. 0.32% of the stock is currently owned by company insiders.

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.