WBH Advisory Inc. Sells 26 Shares of Parker-Hannifin Corporation $PH

WBH Advisory Inc. trimmed its position in Parker-Hannifin Corporation (NYSE:PH) by 1.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,539 shares of the industrial products company’s stock after selling 26 shares during the quarter. WBH Advisory Inc.’s holdings in Parker-Hannifin were worth $1,075,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Alley Investment Management Company LLC bought a new stake in shares of Parker-Hannifin in the first quarter worth about $7,996,000. Community Financial Services Group LLC grew its position in Parker-Hannifin by 1,338.2% in the first quarter. Community Financial Services Group LLC now owns 6,630 shares of the industrial products company’s stock worth $4,030,000 after acquiring an additional 6,169 shares in the last quarter. Inspire Investing LLC grew its position in Parker-Hannifin by 5.1% in the first quarter. Inspire Investing LLC now owns 12,386 shares of the industrial products company’s stock worth $7,529,000 after acquiring an additional 596 shares in the last quarter. Heartland Bank & Trust Co purchased a new position in Parker-Hannifin in the first quarter worth about $260,000. Finally, Geneos Wealth Management Inc. grew its position 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 acquiring an additional 379 shares in the last quarter. 82.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on PH. KeyCorp lifted their price target on Parker-Hannifin from $810.00 to $825.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Truist Financial lifted their price target on Parker-Hannifin from $822.00 to $910.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Susquehanna began coverage on Parker-Hannifin in a research report on Friday, August 15th. They issued a “positive” rating and a $860.00 price target for the company. Wall Street Zen upgraded Parker-Hannifin from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. Finally, Cowen restated a “hold” rating on shares of Parker-Hannifin in a research report on Friday, August 29th. Fourteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $789.67.

Insider Transactions at Parker-Hannifin

In related news, VP Matthew A. Jacobson sold 575 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $733.06, for a total value of $421,509.50. Following the completion of the sale, the vice president owned 1,000 shares in the company, valued at approximately $733,060. The trade was a 36.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Andrew D. Ross sold 4,361 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $732.66, for a total value of $3,195,130.26. Following the completion of the sale, the chief operating officer owned 13,120 shares of the company’s stock, valued at $9,612,499.20. The trade was a 24.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,039 shares of company stock valued at $10,356,566 in the last ninety days. Corporate insiders own 0.32% of the company’s stock.

Parker-Hannifin Stock Up 0.9%

Shares of NYSE:PH opened at $740.55 on Tuesday. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $779.77. The business has a 50 day simple moving average of $750.70 and a two-hundred day simple moving average of $692.04. The firm has a market capitalization of $93.71 billion, a PE ratio of 27.31, a price-to-earnings-growth ratio of 3.03 and a beta of 1.35. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71.

Parker-Hannifin (NYSE:PH) last announced its earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.08 by $0.61. The business 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 company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.77 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. On average, equities analysts predict that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors 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 dividend yield of 1.0%. Parker-Hannifin’s payout ratio is presently 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.