Peak Financial Management Inc. Reduces Holdings in Parker-Hannifin Corporation $PH

Peak Financial Management Inc. reduced its position in Parker-Hannifin Corporation (NYSE:PH) by 19.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 289 shares of the industrial products company’s stock after selling 70 shares during the period. Peak Financial Management Inc.’s holdings in Parker-Hannifin were worth $202,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PH. Brighton Jones LLC grew its stake in Parker-Hannifin by 5.9% in the 4th quarter. Brighton Jones LLC now owns 1,808 shares of the industrial products company’s stock worth $1,150,000 after acquiring an additional 101 shares during the period. Bison Wealth LLC grew its stake in Parker-Hannifin by 4.5% in the 4th quarter. Bison Wealth LLC now owns 749 shares of the industrial products company’s stock worth $476,000 after acquiring an additional 32 shares during the period. OLD National Bancorp IN grew its stake in Parker-Hannifin by 7.3% in the 1st quarter. OLD National Bancorp IN now owns 599 shares of the industrial products company’s stock worth $364,000 after acquiring an additional 41 shares during the period. First Citizens Bank & Trust Co. grew its stake in Parker-Hannifin by 6.5% in the 1st quarter. First Citizens Bank & Trust Co. now owns 655 shares of the industrial products company’s stock worth $398,000 after acquiring an additional 40 shares during the period. Finally, Portside Wealth Group LLC grew its stake in Parker-Hannifin by 10.6% in the 1st quarter. Portside Wealth Group LLC now owns 679 shares of the industrial products company’s stock worth $413,000 after acquiring an additional 65 shares during the period. 82.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on PH. Raymond James Financial lifted their price target on shares of Parker-Hannifin from $735.00 to $845.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Barclays lifted their price target on shares of Parker-Hannifin from $776.00 to $785.00 and gave the company an “overweight” rating in a report on Wednesday, October 1st. Wells Fargo & Company lifted their price target on shares of Parker-Hannifin from $800.00 to $840.00 and gave the company an “overweight” rating in a report on Monday. Morgan Stanley lifted their price target on shares of Parker-Hannifin from $700.00 to $725.00 and gave the company an “equal weight” rating in a report on Wednesday, July 9th. Finally, KeyCorp lifted their price target on shares of Parker-Hannifin from $790.00 to $810.00 and gave the company an “overweight” rating in a report on Friday, August 8th. Fourteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Parker-Hannifin presently has a consensus rating of “Moderate Buy” and an average price target of $784.39.

Insider Buying and Selling

In other news, VP Robert W. Malone sold 2,257 shares of the business’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $730.66, for a total value of $1,649,099.62. Following the completion of the sale, the vice president owned 5,866 shares of the company’s stock, valued at approximately $4,286,051.56. The trade was a 27.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Matthew A. Jacobson sold 575 shares of the business’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $733.06, for a total transaction of $421,509.50. Following the completion of the sale, the vice president directly owned 1,000 shares of the company’s stock, valued at $733,060. The trade was a 36.51% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,039 shares of company stock worth $10,356,566. 0.32% of the stock is currently owned by insiders.

Parker-Hannifin Stock Performance

Shares of PH stock opened at $753.71 on Thursday. Parker-Hannifin Corporation has a 12 month low of $488.45 and a 12 month high of $779.77. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71. The firm has a market capitalization of $95.37 billion, a P/E ratio of 27.79, a P/E/G ratio of 3.11 and a beta of 1.35. The company’s fifty day moving average price is $748.74 and its two-hundred day moving average price is $684.04.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 EPS for the quarter, topping analysts’ consensus estimates of $7.08 by $0.61. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The firm had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same quarter in the previous year, the business posted $6.77 EPS. The firm’s revenue was up 1.1% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. On average, research analysts anticipate that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were issued a $1.80 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $7.20 dividend on an annualized basis and a yield of 1.0%. Parker-Hannifin’s payout ratio is currently 26.55%.

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.