Parker-Hannifin Corporation $PH Shares Newly Purchased by M Holdings Securities Inc.

M Holdings Securities Inc. purchased a new position in shares of Parker-Hannifin Corporation (NYSE:PH) during the third quarter, Holdings Channel reports. The firm purchased 863 shares of the industrial products company’s stock, valued at approximately $801,000.

Other institutional investors also recently added to or reduced their stakes in the company. E Fund Management Co. Ltd. lifted its stake in Parker-Hannifin by 2.1% in the second quarter. E Fund Management Co. Ltd. now owns 477 shares of the industrial products company’s stock valued at $467,000 after buying an additional 10 shares during the last quarter. Allen Capital Group LLC boosted its holdings in shares of Parker-Hannifin by 4.8% in the first quarter. Allen Capital Group LLC now owns 264 shares of the industrial products company’s stock valued at $236,000 after acquiring an additional 12 shares during the period. Doliver Advisors LP grew its position in shares of Parker-Hannifin by 0.6% during the second quarter. Doliver Advisors LP now owns 2,011 shares of the industrial products company’s stock worth $1,967,000 after acquiring an additional 12 shares during the last quarter. Bullock Wealth Management Group grew its position in shares of Parker-Hannifin by 1.6% during the third quarter. Bullock Wealth Management Group now owns 754 shares of the industrial products company’s stock worth $728,000 after acquiring an additional 12 shares during the last quarter. Finally, Wedbush Securities Inc. raised its position in Parker-Hannifin by 0.8% in the 3rd quarter. Wedbush Securities Inc. now owns 1,510 shares of the industrial products company’s stock valued at $1,442,000 after purchasing an additional 12 shares during the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Parker-Hannifin Price Performance

Shares of NYSE PH opened at $964.17 on Wednesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.94 and a quick ratio of 0.55. The stock has a fifty day moving average price of $945.24 and a 200 day moving average price of $949.42. Parker-Hannifin Corporation has a 1-year low of $806.22 and a 1-year high of $1,099.94. The company has a market cap of $121.59 billion, a PE ratio of 33.11, a P/E/G ratio of 2.26 and a beta of 1.15.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings data on Thursday, November 5th. The industrial products company reported $8.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.21 by $0.69. The company had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.81 billion. Parker-Hannifin had a net margin of 16.62% and a return on equity of 28.80%. Parker-Hannifin’s revenue was up 17.9% compared to the same quarter last year. During the same period in the previous year, the company posted $7.22 EPS. Parker-Hannifin has set its FY 2027 guidance at 36.450-37.250 EPS. Sell-side analysts forecast that Parker-Hannifin Corporation will post 37.04 EPS for the current year.

Parker-Hannifin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 13th will be issued a $2.00 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $8.00 annualized dividend and a dividend yield of 0.8%. Parker-Hannifin’s payout ratio is presently 27.47%.

Insider Buying and Selling at Parker-Hannifin

In other news, VP Berend Bracht sold 602 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $1,040.47, for a total transaction of $626,362.94. Following the transaction, the vice president directly owned 4,399 shares in the company, valued at $4,577,027.53. The trade was a 12.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.35% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PH. Robert W. Baird increased their price target on shares of Parker-Hannifin from $1,050.00 to $1,275.00 in a research note on Friday, August 7th. Jefferies Financial Group increased their target price on shares of Parker-Hannifin from $1,100.00 to $1,275.00 in a research note on Friday, August 7th. Susquehanna raised their price target on Parker-Hannifin from $1,100.00 to $1,250.00 and gave the stock a “positive” rating in a report on Friday, August 7th. The Goldman Sachs Group boosted their price target on Parker-Hannifin from $1,071.00 to $1,165.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, UBS Group set a $950.00 price objective on Parker-Hannifin in a research note on Wednesday, October 14th. Eighteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Parker-Hannifin has an average rating of “Moderate Buy” and a consensus price target of $1,146.35.

About Parker-Hannifin

Parker-Hannifin is a global manufacturer of motion and control technologies. Its products include hydraulic and pneumatic systems, fluid connectors, filtration and sealing products, electromechanical components, and systems for aerospace and climate control applications. The company serves customers across industries such as aerospace, manufacturing, transportation, energy, and life sciences. Its operations span markets around the world, with businesses organized around industrial and aerospace products and services.