Parker-Hannifin Corporation $PH Shares Sold by Raub Brock Capital Management LP

Raub Brock Capital Management LP reduced its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 2.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 29,050 shares of the industrial products company’s stock after selling 805 shares during the period. Parker-Hannifin accounts for about 4.7% of Raub Brock Capital Management LP’s investment portfolio, making the stock its 4th largest holding. Raub Brock Capital Management LP’s holdings in Parker-Hannifin were worth $22,024,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Wealth Preservation Advisors LLC bought a new position in shares of Parker-Hannifin in the first quarter valued at approximately $27,000. Interchange Capital Partners LLC acquired a new stake in Parker-Hannifin during the 2nd quarter valued at $31,000. Saudi Central Bank bought a new position in Parker-Hannifin in the 1st quarter valued at $31,000. State of Wyoming bought a new position in Parker-Hannifin in the 2nd quarter valued at $38,000. Finally, Princeton Global Asset Management LLC boosted its stake in Parker-Hannifin by 56.1% in the second quarter. Princeton Global Asset Management LLC now owns 64 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 23 shares in the last quarter. 82.44% of the stock is owned by institutional investors.

Insider Buying and Selling at Parker-Hannifin

In other Parker-Hannifin news, VP Berend Bracht sold 3,507 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $864.58, for a total transaction of $3,032,082.06. Following the transaction, the vice president owned 2,580 shares in the company, valued at approximately $2,230,616.40. This trade represents a 57.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Rachid Bendali sold 1,437 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $852.99, for a total value of $1,225,746.63. Following the transaction, the vice president owned 2,714 shares of the company’s stock, valued at $2,315,014.86. The trade was a 34.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 7,432 shares of company stock valued at $6,484,116. 0.32% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

PH has been the subject of a number of research reports. Truist Financial raised their target price on Parker-Hannifin from $977.00 to $1,097.00 and gave the company a “buy” rating in a research note on Thursday, December 18th. Stifel Nicolaus raised their price objective on shares of Parker-Hannifin from $850.00 to $869.00 and gave the company a “hold” rating in a research report on Tuesday, December 16th. Barclays boosted their target price on shares of Parker-Hannifin from $906.00 to $950.00 and gave the stock an “overweight” rating in a research note on Thursday, December 4th. BNP Paribas began coverage on shares of Parker-Hannifin in a research note on Thursday, December 4th. They set an “outperform” rating and a $1,020.00 price target on the stock. Finally, KeyCorp boosted their price objective on shares of Parker-Hannifin from $825.00 to $935.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Fifteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Parker-Hannifin presently has a consensus rating of “Moderate Buy” and an average price target of $911.65.

Parker-Hannifin Trading Up 0.1%

PH opened at $887.76 on Friday. The firm has a 50 day simple moving average of $833.08 and a 200 day simple moving average of $763.89. Parker-Hannifin Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $908.35. The company has a market cap of $112.03 billion, a price-to-earnings ratio of 31.63, a price-to-earnings-growth ratio of 3.09 and a beta of 1.25. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.07 and a quick ratio of 0.61.

Parker-Hannifin (NYSE:PH) last released its earnings results on Thursday, November 6th. The industrial products company reported $7.22 EPS for the quarter, topping analysts’ consensus estimates of $6.62 by $0.60. The firm had revenue of $5.08 billion during the quarter, compared to analyst estimates of $4.94 billion. Parker-Hannifin had a net margin of 18.17% and a return on equity of 27.23%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business 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. On average, sell-side analysts anticipate that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

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