Parker-Hannifin Corporation $PH Shares Purchased by Valley National Advisers Inc.

Valley National Advisers Inc. increased its position in Parker-Hannifin Corporation (NYSE:PH) by 12,890.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,598 shares of the industrial products company’s stock after acquiring an additional 2,578 shares during the period. Valley National Advisers Inc.’s holdings in Parker-Hannifin were worth $1,969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its position in Parker-Hannifin by 20.1% in the second quarter. Quadrant Capital Group LLC now owns 3,610 shares of the industrial products company’s stock valued at $2,521,000 after buying an additional 604 shares during the last quarter. Inspire Investing LLC raised its position in Parker-Hannifin by 5.1% during the 1st quarter. Inspire Investing LLC now owns 12,386 shares of the industrial products company’s stock worth $7,529,000 after buying an additional 596 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Parker-Hannifin during the 2nd quarter valued at approximately $733,000. Geneos Wealth Management Inc. lifted its stake in Parker-Hannifin by 20.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,194 shares of the industrial products company’s stock valued at $1,334,000 after acquiring an additional 379 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of Parker-Hannifin by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 11,125,240 shares of the industrial products company’s stock valued at $7,770,646,000 after acquiring an additional 101,476 shares during the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a report on Wednesday, October 8th. Citigroup increased their price target on Parker-Hannifin from $960.00 to $1,006.00 and gave the stock a “buy” rating in a research report on Monday, December 8th. The Goldman Sachs Group boosted their price objective on Parker-Hannifin from $900.00 to $1,000.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. Robert W. Baird upped their target price on Parker-Hannifin from $930.00 to $960.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 12th. Finally, Mizuho raised their target price on Parker-Hannifin from $800.00 to $825.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Fifteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $911.65.

Insider Activity at Parker-Hannifin

In other Parker-Hannifin news, COO Andrew D. Ross sold 2,488 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $894.81, for a total transaction of $2,226,287.28. Following the transaction, the chief operating officer directly owned 13,120 shares of the company’s stock, valued at $11,739,907.20. This trade represents a 15.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Berend Bracht sold 3,507 shares of Parker-Hannifin stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $864.58, for a total transaction of $3,032,082.06. Following the completion of the sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 7,432 shares of company stock valued at $6,484,116. 0.32% of the stock is owned by company insiders.

Parker-Hannifin Trading Up 0.1%

PH stock opened at $888.69 on Friday. Parker-Hannifin Corporation has a 52-week low of $488.45 and a 52-week high of $908.35. The company has a quick ratio of 0.61, a current ratio of 1.07 and a debt-to-equity ratio of 0.54. The firm has a market cap of $112.14 billion, a P/E ratio of 31.66, a PEG ratio of 3.09 and a beta of 1.25. The company’s 50-day simple moving average is $836.17 and its 200-day simple moving average is $766.07.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share for the quarter, beating the consensus estimate 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%.Parker-Hannifin’s revenue for the quarter 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. As a group, equities analysts forecast that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 0.8%. Parker-Hannifin’s dividend payout ratio (DPR) is 25.65%.

Parker-Hannifin Profile

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.