Parker-Hannifin Corporation $PH Shares Sold by Golden State Equity Partners

Golden State Equity Partners reduced its holdings in Parker-Hannifin Corporation (NYSE:PH) by 34.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 351 shares of the industrial products company’s stock after selling 187 shares during the period. Golden State Equity Partners’ holdings in Parker-Hannifin were worth $245,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PH. Brighton Jones LLC grew its holdings in Parker-Hannifin by 5.9% in the fourth quarter. Brighton Jones LLC now owns 1,808 shares of the industrial products company’s stock valued at $1,150,000 after purchasing an additional 101 shares during the period. Bank Pictet & Cie Europe AG lifted its position in shares of Parker-Hannifin by 0.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 7,259 shares of the industrial products company’s stock valued at $4,617,000 after acquiring an additional 55 shares in the last quarter. Bison Wealth LLC lifted its position in shares of Parker-Hannifin by 4.5% in the fourth quarter. Bison Wealth LLC now owns 749 shares of the industrial products company’s stock valued at $476,000 after acquiring an additional 32 shares in the last quarter. Voloridge Investment Management LLC purchased a new position in shares of Parker-Hannifin in the fourth quarter valued at approximately $5,077,000. Finally, Armis Advisers LLC purchased a new position in shares of Parker-Hannifin in the fourth quarter valued at approximately $238,000. 82.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, COO Andrew D. Ross sold 4,361 shares of Parker-Hannifin stock in a transaction on Friday, August 8th. The stock was 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 directly owned 13,120 shares of the company’s stock, valued at approximately $9,612,499.20. The trade was a 24.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Joseph R. Leonti sold 4,625 shares of Parker-Hannifin stock in a transaction on Monday, August 25th. The shares were sold at an average price of $750.84, for a total value of $3,472,635.00. Following the completion of the sale, the executive vice president directly owned 13,878 shares of the company’s stock, valued at $10,420,157.52. The trade was a 25.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,039 shares of company stock valued at $10,356,566. 0.39% of the stock is currently owned by company insiders.

Parker-Hannifin Price Performance

NYSE:PH opened at $760.51 on Wednesday. Parker-Hannifin Corporation has a 52 week low of $488.45 and a 52 week high of $779.77. 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 company has a market capitalization of $96.24 billion, a P/E ratio of 28.04, a P/E/G ratio of 3.15 and a beta of 1.35. The stock’s fifty day moving average is $742.51 and its two-hundred day moving average is $673.83.

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 analysts’ consensus estimates of $7.08 by $0.61. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The company had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter in the previous year, the business earned $6.77 earnings per share. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Equities analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were given 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 0.9%. Parker-Hannifin’s payout ratio is currently 26.55%.

Analyst Upgrades and Downgrades

PH has been the topic of several research reports. Wells Fargo & Company raised their target price on Parker-Hannifin from $770.00 to $800.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. Raymond James Financial raised their target price on Parker-Hannifin from $735.00 to $845.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Morgan Stanley raised their target price on Parker-Hannifin from $700.00 to $725.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 9th. KeyCorp lifted their price objective on Parker-Hannifin from $790.00 to $810.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Finally, Barclays lifted their price objective on Parker-Hannifin from $750.00 to $776.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Thirteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $770.94.

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.