Thurston Springer Miller Herd & Titak Inc. Cuts Position in Parker-Hannifin Corporation $PH

Thurston Springer Miller Herd & Titak Inc. cut its holdings in Parker-Hannifin Corporation (NYSE:PH) by 85.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 331 shares of the industrial products company’s stock after selling 1,881 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Parker-Hannifin were worth $251,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. 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 valued at $1,150,000 after purchasing an additional 101 shares during the period. Bison Wealth LLC boosted its holdings in shares of 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 buying an additional 32 shares during the last quarter. Freestone Capital Holdings LLC grew its position in Parker-Hannifin by 15.0% during the first quarter. Freestone Capital Holdings LLC now owns 384 shares of the industrial products company’s stock valued at $233,000 after buying an additional 50 shares during the period. Brooklyn Investment Group increased its holdings in Parker-Hannifin by 2.1% during the first quarter. Brooklyn Investment Group now owns 1,002 shares of the industrial products company’s stock worth $608,000 after buying an additional 21 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Parker-Hannifin by 2.4% during the first quarter. Northern Trust Corp now owns 1,377,816 shares of the industrial products company’s stock worth $837,505,000 after buying an additional 32,252 shares during the last quarter. 82.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on PH. KeyCorp boosted their target price on shares of Parker-Hannifin from $825.00 to $935.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Wells Fargo & Company lifted their price target on shares of Parker-Hannifin from $840.00 to $925.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Robert W. Baird increased their price objective on Parker-Hannifin from $930.00 to $960.00 and gave the company an “outperform” rating in a report on Wednesday, November 12th. Mizuho raised their target price on Parker-Hannifin from $800.00 to $825.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Finally, Wall Street Zen cut Parker-Hannifin from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Fifteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $904.59.

Parker-Hannifin Stock Down 1.0%

Parker-Hannifin stock opened at $874.26 on Wednesday. The firm has a 50 day simple moving average of $812.72 and a 200 day simple moving average of $754.73. The company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 0.54. Parker-Hannifin Corporation has a 1-year low of $488.45 and a 1-year high of $908.35. The firm has a market capitalization of $110.32 billion, a price-to-earnings ratio of 31.15, a P/E/G ratio of 3.07 and a beta of 1.25.

Parker-Hannifin (NYSE:PH) last posted its quarterly 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 return on equity of 27.23% and a net margin of 18.17%.The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the company earned $6.20 earnings per share. 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, analysts predict that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 7th were given a dividend of $1.80 per share. The ex-dividend date was Friday, November 7th. This represents a $7.20 annualized dividend and a dividend yield of 0.8%. Parker-Hannifin’s dividend payout ratio is currently 25.65%.

Insider Buying and Selling

In other news, VP Rachid Bendali sold 1,437 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $852.99, for a total transaction of $1,225,746.63. Following the completion of the transaction, the vice president directly owned 2,714 shares in the company, valued at $2,315,014.86. The trade was a 34.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Berend Bracht sold 3,507 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $864.58, for a total value of $3,032,082.06. Following the completion of the sale, the vice president owned 2,580 shares in the company, valued at $2,230,616.40. This trade represents a 57.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 7,432 shares of company stock valued at $6,484,116. Company insiders own 0.32% of the company’s stock.

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.