Calamos Wealth Management LLC Cuts Stake in Parker-Hannifin Corporation $PH

Calamos Wealth Management LLC cut its stake in Parker-Hannifin Corporation (NYSE:PH) by 2.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 767 shares of the industrial products company’s stock after selling 23 shares during the quarter. Calamos Wealth Management LLC’s holdings in Parker-Hannifin were worth $536,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in PH. Chicago Partners Investment Group LLC increased its position in shares of Parker-Hannifin by 7.7% during the second quarter. Chicago Partners Investment Group LLC now owns 613 shares of the industrial products company’s stock worth $446,000 after acquiring an additional 44 shares during the last quarter. Signature Estate & Investment Advisors LLC increased its holdings in Parker-Hannifin by 5.0% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 1,521 shares of the industrial products company’s stock worth $1,063,000 after purchasing an additional 73 shares during the last quarter. Quotient Wealth Partners LLC increased its holdings in Parker-Hannifin by 15.3% during the 2nd quarter. Quotient Wealth Partners LLC now owns 685 shares of the industrial products company’s stock worth $478,000 after purchasing an additional 91 shares during the last quarter. Koshinski Asset Management Inc. increased its holdings in Parker-Hannifin by 3.8% during the 2nd quarter. Koshinski Asset Management Inc. now owns 1,767 shares of the industrial products company’s stock worth $1,235,000 after purchasing an additional 64 shares during the last quarter. Finally, Nicholson Wealth Management Group LLC increased its holdings in Parker-Hannifin by 5.2% during the 2nd quarter. Nicholson Wealth Management Group LLC now owns 2,337 shares of the industrial products company’s stock worth $1,632,000 after purchasing an additional 116 shares during the last quarter. 82.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Parker-Hannifin

In other news, VP Thomas C. Gentile sold 1,133 shares of the company’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $729.50, for a total transaction of $826,523.50. Following the completion of the transaction, the vice president directly owned 5,465 shares of the company’s stock, valued at approximately $3,986,717.50. This represents a 17.17% 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 the SEC website. Also, VP Robert W. Malone sold 2,257 shares of the company’s stock in a transaction that occurred on 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 transaction, the vice president directly owned 5,866 shares of the company’s stock, valued at $4,286,051.56. This trade represents a 27.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 14,039 shares of company stock valued at $10,356,566. 0.32% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Wells Fargo & Company lifted their price objective on Parker-Hannifin from $800.00 to $840.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. Mizuho lifted their price objective on Parker-Hannifin from $800.00 to $825.00 and gave the stock an “outperform” rating in a report on Friday. Raymond James Financial lifted their price objective on Parker-Hannifin from $735.00 to $845.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Barclays boosted their price objective on Parker-Hannifin from $776.00 to $785.00 and gave the company an “overweight” rating in a report on Wednesday, October 1st. Finally, Morgan Stanley boosted their price objective on Parker-Hannifin from $700.00 to $725.00 and gave the company an “equal weight” rating in a report on Wednesday, July 9th. Fourteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $789.83.

Parker-Hannifin Stock Up 1.1%

Shares of Parker-Hannifin stock opened at $734.26 on Monday. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 0.55. The firm has a market cap of $92.91 billion, a P/E ratio of 27.07, a P/E/G ratio of 3.03 and a beta of 1.35. Parker-Hannifin Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $779.77. The business has a 50-day moving average price of $750.51 and a 200 day moving average price of $690.48.

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

Parker-Hannifin Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $1.80 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.20 annualized dividend and a dividend yield of 1.0%. Parker-Hannifin’s dividend payout ratio is 26.55%.

About Parker-Hannifin

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.